LSV Asset Management Sells 6,807 Shares of The Goldman Sachs Group, Inc. $GS

LSV Asset Management lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,072 shares of the investment management company’s stock after selling 6,807 shares during the period. LSV Asset Management’s holdings in The Goldman Sachs Group were worth $286,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GS. Brighton Jones LLC raised its position in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after buying an additional 735 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after buying an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of The Goldman Sachs Group by 22.2% during the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after buying an additional 391 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.9%

Shares of GS opened at $996.73 on Friday. The company’s fifty day moving average is $892.51 and its 200 day moving average is $884.59. The Goldman Sachs Group, Inc. has a fifty-two week low of $582.50 and a fifty-two week high of $1,005.36. The stock has a market capitalization of $294.04 billion, a PE ratio of 18.22, a P/E/G ratio of 1.27 and a beta of 1.28. 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $14.12 earnings per share. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs was selected as lead underwriter for SpaceX’s planned IPO, a highly visible mandate that reinforces GS’s role in elite capital markets deals and could support investment banking revenue. Goldman Hits the Jackpot After Banks’ ‘Dogfight’ to Lead SpaceX’s I.P.O.
• Positive Sentiment: Multiple reports highlighted Goldman’s strength in trading and investment banking, including stronger-than-expected first-quarter results, a bullish “stock to watch” note, and its role in additional financing and alternatives business. 1 Financials Stock to Target This Week and 2 Facing Headwinds
• Positive Sentiment: Goldman’s market calls remain influential, with articles noting its upbeat stance on names like McDonald’s and Enphase Energy, which underscores its continued visibility on Wall Street. Nvidia Just Did The Impossible: Wall Street Still Wants More
• Neutral Sentiment: Goldman also published research suggesting investors consider hedges amid stretched bullish sentiment, which reflects a cautious market backdrop rather than a direct hit to GS fundamentals. As bullish bets surge here’s the option play to protect portfolios from a likely pullback, says Goldman Sachs
• Negative Sentiment: Goldman agreed to pay $500 million to settle shareholder claims tied to the 1MDB scandal, which is a significant legal cost and a reminder of legacy litigation risk for GS. Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

Wall Street Analyst Weigh In

GS has been the topic of several research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Jefferies Financial Group reduced their price target on shares of 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. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Daiwa Securities Group boosted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $943.95.

Insider Activity

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,681 shares of company stock valued at $31,737,875 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

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.