VMS Asset Management Limited Purchases New Position in The Goldman Sachs Group, Inc. $GS

VMS Asset Management Limited purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,450 shares of the investment management company’s stock, valued at approximately $5,670,000. The Goldman Sachs Group comprises about 2.2% of VMS Asset Management Limited’s investment portfolio, making the stock its 25th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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 valued at $25,503,685,000 after purchasing an additional 418,820 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock valued at $5,952,199,000 after purchasing an additional 110,134 shares during the last quarter. Geode Capital Management LLC lifted its holdings in The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock valued at $5,896,795,000 after purchasing an additional 45,266 shares during the last quarter. Invesco Ltd. lifted its holdings in The Goldman Sachs Group by 3.5% during 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 purchasing an additional 97,387 shares during the last quarter. Finally, Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $2,515,830,000. 71.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GS. BNP Paribas Exane dropped their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Daiwa Securities Group boosted their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Dbs Bank boosted their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research note on Monday, April 20th. Finally, Bank of America dropped their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $943.95.

Insider Activity

In related news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the transaction, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last ninety days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Up 5.0%

Shares of NYSE GS opened at $1,093.03 on Friday. The stock has a market cap of $322.45 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.34 and a beta of 1.30. The firm has a 50 day moving average price of $932.60 and a 200 day moving average price of $899.87. 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, Inc. has a 52-week low of $592.90 and a 52-week high of $1,095.90.

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

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.6%. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is a lead underwriter on high-profile IPOs, including SpaceX and Anthropic, which could boost future advisory and underwriting fees if those deals come to market. Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030
• Positive Sentiment: Goldman also won new client activity as it raised price targets on stocks like Adani Ports and Broadcom, signaling continued influence from its research and advisory teams. Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price
• Positive Sentiment: Goldman bought a stake in Groww in a block deal, underscoring continued deal-making and interest in private-market financial assets. Groww shares gain 3% as Goldman Sachs buys stake in Rs 210-crore block deal
• Neutral Sentiment: Goldman is highlighting AI as a major force in markets, but its CEO said the technology may “contract” entry-level hiring somewhat over the next few years rather than cause an immediate disruption. Goldman CEO says the bank’s entry-level hiring may ‘contract a little’ as AI changes the talent mix
• Neutral Sentiment: Reports that Goldman’s lobbies are decorated for SpaceX and that it is helping market the IPO add visibility, but these are more symbolic than financially material on their own. Photos show the lobbies of Goldman Sachs and Morgan Stanley decked out in SpaceX gear ahead of IPO
• Negative Sentiment: One market note pointed out that GS had recently dipped more than the broader market, suggesting some short-term volatility even amid the stronger longer-term deal pipeline. Why Goldman Sachs (GS) Dipped More Than Broader Market Today

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.