1,261 Shares in The Goldman Sachs Group, Inc. $GS Bought by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,261 shares of the investment management company’s stock, valued at approximately $1,108,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in The Goldman Sachs Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of The Goldman Sachs Group by 1.9% in the 3rd quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company’s stock valued at $5,304,824,000 after buying an additional 121,676 shares during the last quarter. Invesco Ltd. grew its position in shares of The Goldman Sachs Group by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock valued at $2,319,905,000 after buying an additional 97,387 shares during the last quarter. Legal & General Group Plc grew its position in shares of The Goldman Sachs Group by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company’s stock valued at $1,680,393,000 after buying an additional 28,642 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after buying an additional 936,015 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Daiwa Securities Group upped their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Jefferies Financial Group reduced their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Bank of America reduced their price target on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Dbs Bank upped their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $942.24.

Insider Buying and Selling

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the transaction, the insider directly owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,824 shares of company stock valued at $25,062,242. 0.55% of the stock is owned by company insiders.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs lowered its 12-month U.S. recession probability to 25% from 30%, citing a resilient labor market and solid economic activity. That suggests a healthier macro backdrop for banks and markets overall. Goldman Slashes Recession Risk Odds as Labor Market Remains Resilient
• Neutral Sentiment: Goldman Sachs analysts remained active across several names, including Buy ratings on Telefonica, MercadoLibre, Insulet, Marathon Petroleum, UnitedHealth and ORIC Pharma, showing the firm continues to influence market sentiment but without direct impact on GS itself.
• Neutral Sentiment: There were also multiple media references to Goldman strategists warning that the recent market rally and volatility setup could imply more upside, but those commentary pieces were market-wide in nature and not specific to Goldman Sachs stock.
• Negative Sentiment: Financial stocks were weaker in afternoon trading, with the NYSE Financial Index down about 0.5%, which likely pressured Goldman Sachs shares along with the broader sector. Sector Update: Financial Stocks Lower in Afternoon Trading

The Goldman Sachs Group Stock Down 2.0%

GS stock opened at $949.89 on Friday. The stock’s 50 day simple moving average is $878.61 and its 200 day simple moving average is $878.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $582.50 and a fifty-two week high of $984.70. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $280.23 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the prior year, the business earned $14.12 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

About The Goldman Sachs Group

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.