Newbridge Financial Services Group Inc. Decreases Stake in The Goldman Sachs Group, Inc. $GS

Newbridge Financial Services Group Inc. trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 22.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,506 shares of the investment management company’s stock after selling 723 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in The Goldman Sachs Group were worth $1,996,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Gilliland Jeter Wealth Management LLC grew its stake in The Goldman Sachs Group by 3.5% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after purchasing an additional 13 shares in the last quarter. EWA LLC raised its position in shares of The Goldman Sachs Group by 2.2% in the 3rd quarter. EWA LLC now owns 612 shares of the investment management company’s stock valued at $488,000 after purchasing an additional 13 shares in the last quarter. Carrera Capital Advisors raised its position in shares of The Goldman Sachs Group by 3.5% in the 3rd quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 13 shares in the last quarter. Centerpoint Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 1.5% during the 3rd quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock valued at $687,000 after buying an additional 13 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 0.9% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock valued at $1,185,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays lifted their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Argus increased their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Daiwa Securities Group raised their price objective on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Finally, BMO Capital Markets increased their price target on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $919.29.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman highlights that the current energy supply shock should spur investment in grid infrastructure and storage — a potential source of advisory, underwriting and asset-management fees for GS. Current energy supply shock will drive investment into grid infrastructure and storage solutions: GS
• Positive Sentiment: Several pieces note GS is deeply oversold technically and that analysts remain constructive (recent price-targets above current levels), which could support a relief rally if markets stabilize or capital-markets activity picks up. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold
• Neutral Sentiment: Governance update — board member Lakshmi Mittal announced retirement. Routine board turnover can be relevant for long-term governance but is unlikely to drive immediate price action. Goldman Sachs Announces Retirement of Board Member Mittal
• Neutral Sentiment: Goldman trimmed a derivative-based stake in Siemens Energy to just under 5% — a portfolio move that signals repositioning but is not a major earnings driver for GS itself. Goldman Sachs Trims Derivative-Based Stake in Siemens Energy to Just Under 5%
• Negative Sentiment: Immediate sell pressure was linked to investor worries about the stability of the private credit market after a key bank announcement — contagion concerns in private markets tend to hit large universal banks and asset managers. Why Goldman Sachs (GS) Shares Are Sliding Today
• Negative Sentiment: Goldman’s elevated oil-price forecasts and widespread supply-shock commentary (Brent near $100+ forecasts and warning of much higher spikes) have helped push Treasury yields and a risk-off tone — that environment has weighed on financials and contributed to GS’s intraday weakness. Goldman Sachs forecasts oil at $100 a barrel for March
• Negative Sentiment: Macroeconomic outlook shifts — Goldman pushed back its Fed rate-cut timeline (now expecting cuts later in the year), which, together with oil-driven inflation risk, is keeping markets cautious and depressing risk assets including bank stocks. Goldman now sees first Fed rate cut in September, not June

The Goldman Sachs Group Stock Performance

Shares of GS opened at $781.99 on Friday. The stock has a market capitalization of $232.06 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.34. The business’s fifty day moving average price is $910.83 and its 200 day moving average price is $843.02. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.95 earnings per share. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is currently 35.09%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares in the company, valued at $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 1,092 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $936.89, for a total value of $1,023,083.88. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group 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.