Aberdeen Group plc Trims Position in The Goldman Sachs Group, Inc. $GS

Aberdeen Group plc lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 276,385 shares of the investment management company’s stock after selling 6,062 shares during the quarter. Aberdeen Group plc owned approximately 0.09% of The Goldman Sachs Group worth $242,942,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartline Investment Corp grew its stake in shares of The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 860 shares in the last quarter. A4 Wealth Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $940,000. Stevens Capital Management LP acquired a new position in shares of The Goldman Sachs Group in the third quarter worth about $1,392,000. Meridian Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares during the last quarter. Finally, AlTi Global Inc. boosted its holdings in The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after purchasing an additional 13,879 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their price objective on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a report on Tuesday. Rothschild & Co Redburn reduced their target price on The Goldman Sachs Group from $846.00 to $843.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Bank of America raised their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $815.00 to $826.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Finally, Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $929.52.

Insiders Place Their Bets

In other news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $965.33, for a total value of $43,439,850.00. Following the completion of the transaction, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. The trade was a 7.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares in the company, valued at approximately $27,627,546.94. This trade represents a 28.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 117,283 shares of company stock worth $112,016,033. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $863.92 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm has a market cap of $254.85 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.13 and a beta of 1.32. The stock has a 50 day moving average of $876.02 and a 200-day moving average of $850.07.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the business posted $11.95 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 2nd were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is 35.09%.

More The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman completed its acquisition of Innovator Capital Management for $2 billion, immediately boosting GS Asset Management’s ETF capability and lifting its ETF AUM to about $90B — a clear earnings/fee accretive move that expands recurring revenue. Goldman Sachs Finalizes $2 Billion Purchase of ETF Firm Innovator
• Positive Sentiment: Goldman is participating in fee-rich mandates: acting as lead advisor on Golar LNG’s strategic review and joining the core underwriting group for a potential SpaceX IPO. At the same time it issued new multi-currency senior and subordinated notes — pairing balance-sheet funding with advisory and capital-markets revenue opportunities. These deal flows support near-term fee income and underwriting pipelines. Should Goldman’s Expanding LNG and Space Deals…
• Positive Sentiment: Barrick Gold tapped Goldman to lead an IPO for its North American mines — another underwriting/advisory win that could translate into meaningful fees if the deal proceeds. Barrick taps Goldman Sachs to lead IPO
• Neutral Sentiment: Goldman’s market commentary and analyst work (e.g., notes on market resilience, stock picks, and sector coverage/initiations) keeps the firm visible and supports trading & ECM workflows, but is unlikely by itself to move fundamentals quickly. Goldman Sachs Says Markets Stay Strong
• Neutral Sentiment: Goldman (like JPMorgan) is exploring entry into prediction markets — an early-stage strategic initiative that could open new product lines but is not an immediate revenue driver. JPMorgan & Goldman Sachs eye prediction markets
• Negative Sentiment: Goldman Paris received a security warning and staff were told to work from home after a thwarted attack — an operational/security concern that adds short-term disruption risk and potential expenses. Goldman and Citi tell Paris staff to work from home
• Negative Sentiment: Prime-brokerage data show hedge funds sold global stocks at the fastest pace in 13 years, a sign of market stress that could pressure GS’s trading and principal revenues if volatility and outflows persist. Hedge funds bail from global stocks
• Negative Sentiment: HSBC cut its price target on GS to $729 (down from $802), signaling some analyst caution; Morgan Stanley also trimmed its target (still equal-weight). Analyst downgrades/target cuts can weigh on sentiment even if fundamentals remain intact. HSBC adjusts price target on Goldman Sachs

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.