Cibc World Market Inc. Has $137.06 Million Stake in The Goldman Sachs Group, Inc. $GS

Cibc World Market Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,925 shares of the investment management company’s stock after buying an additional 45,106 shares during the quarter. Cibc World Market Inc.’s holdings in The Goldman Sachs Group were worth $137,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $25,000. Manning & Napier Advisors LLC lifted its holdings in The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Entrust Financial LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $34,000. Finally, Joseph Group Capital Management acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs was named, alongside Morgan Stanley and JPMorgan, to lead Anthropic’s planned IPO, a potentially lucrative mandate that could boost investment banking fees if the offering launches later this year. Anthropic said to pick Morgan Stanley and Goldman to lead IPO
• Positive Sentiment: Goldman CEO David Solomon and other Goldman commentary highlighted strong investor appetite for AI-related IPOs, saying there is “more greed than fear” and enough liquidity to absorb blockbuster listings such as Anthropic, OpenAI, and SpaceX. That suggests a busy pipeline for Goldman’s capital markets business. Goldman Sachs CEO David Solomon says markets are in ‘greed’ mode as AI companies seek billions
• Positive Sentiment: Goldman’s asset management arm said its ETF platform crossed $100 billion in assets shortly after acquiring Innovator Capital Management, showing continued momentum in a growing fee-based business. Can Buffer ETFs Replace Bonds? Goldman Thinks So
• Neutral Sentiment: Several articles noted Goldman-hosted healthcare conference participation by companies such as Ultragenyx, Quanterix, Haemonetics, and Zealand Pharma. These events reinforce Goldman’s role as a major capital-markets platform, but they are not direct catalysts for GS shares. Morgan Stanley and Goldman Sachs Land Anthropic IPO
• Negative Sentiment: Financial stocks traded lower overall on Wednesday afternoon, which likely weighed on Goldman Sachs as part of the sector. Sector Update: Financial Stocks Decline Wednesday Afternoon
• Negative Sentiment: GS also fell in the latest session, suggesting investors may be taking some profits after a strong run, despite upbeat IPO and asset-management headlines. Why Goldman Sachs (GS) Dipped More Than Broader Market Today

The Goldman Sachs Group Trading Down 1.9%

Shares of The Goldman Sachs Group stock opened at $1,044.85 on Thursday. The company’s fifty day simple moving average is $927.45 and its 200-day simple moving average is $897.74. The company has a market cap of $308.24 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.37 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 1 year low of $592.90 and a 1 year high of $1,073.97.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $14.12 earnings per share. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America reduced their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Dbs Bank boosted their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $943.95.

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the transaction, the chief accounting officer 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. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 33,681 shares of company stock worth $31,737,875. Insiders own 0.55% of the company’s stock.

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.