Vertrix Wealth Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 1,350 shares of the investment management company’s stock, valued at approximately $1,142,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Vanguard Group Inc. grew its stake in shares of The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after purchasing an additional 418,820 shares during the last quarter. State Street Corp increased its holdings in The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after purchasing an additional 394,198 shares during the period. Fisher Asset Management LLC raised its position 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 raised its position 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. Finally, Bank of America Corp DE lifted its holdings in The Goldman Sachs Group by 3.4% in the 4th quarter. Bank of America Corp DE now owns 5,978,034 shares of the investment management company’s stock worth $5,254,692,000 after buying an additional 194,109 shares during the period. 71.21% of the stock is owned by institutional investors.
The Goldman Sachs Group Trading Up 0.8%
GS opened at $1,019.78 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 52 week low of $691.30 and a 52 week high of $1,125.00. The stock has a market cap of $300.85 billion, a PE ratio of 18.64, a PEG ratio of 1.31 and a beta of 1.30. The business has a 50 day moving average of $1,002.16 and a 200-day moving average of $931.30.
The Goldman Sachs Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were given a $4.50 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs and other major banks passed the Federal Reserve’s 2026 stress tests, paving the way for higher dividends and reinforcing confidence in capital strength and shareholder returns. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test
- Positive Sentiment: Analysts continue to see Goldman Sachs as positioned to beat earnings estimates, with expectations that trading and banking activity could support another strong quarterly report. Why Goldman (GS) is Poised to Beat Earnings Estimates Again
- Positive Sentiment: Goldman’s private credit fund reported relatively low redemption requests, suggesting its private-markets business is holding up better than some peers amid industry turbulence. Goldman private credit fund escapes redemption pressure again
- Neutral Sentiment: Goldman named Bosworth as acting general counsel, a routine leadership update that is unlikely to move the stock by itself. Goldman Sachs names Bosworth as acting general counsel
- Negative Sentiment: Oppenheimer turned more cautious on major U.S. banks, with one report specifically arguing investors may want to take profits after the sector’s strong run, which could create some pressure on Goldman shares. America’s Biggest Banks Passed Their Stress Tests. Now They’re Showering Investors With Cash.
Insider Buying and Selling at The Goldman Sachs Group
In related news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction dated 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 directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The shares were 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 trade represents a 47.72% 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 90 days. 0.55% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Dbs Bank raised their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Citigroup lifted their price target on shares of The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Bank of America cut their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $974.18.
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.
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