Clear Street Group Inc. Invests $1.79 Million in The Goldman Sachs Group, Inc. $GS

Key Points

• Clear Street Group acquired a new stake of 2,242 shares of Goldman Sachs in Q3, valued at approximately $1.79 million according to its Form 13F filing.
• Goldman Sachs raised its quarterly dividend to $4.50 (annualized $18.00, yield ~2.3%), with an ex-dividend/record date of March 2 and payment scheduled for March 30.
• The firm beat expectations last quarter, reporting EPS of $13.55 versus $11.52 expected and revenue of $15.71 billion versus $14.30 billion, though analysts' consensus remains a Hold with an average price target near $919.29.

Clear Street Group Inc. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,242 shares of the investment management company's stock, valued at approximately $1,785,000.

Several other hedge funds have also recently made changes to their positions in GS. Gilliland Jeter Wealth Management LLC lifted its position 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 worth $309,000 after acquiring an additional 13 shares during the period. EWA LLC increased its holdings in shares of The Goldman Sachs Group by 2.2% in the third quarter. EWA LLC now owns 612 shares of the investment management company's stock valued at $488,000 after purchasing an additional 13 shares during the period. Carrera Capital Advisors increased its holdings in shares of The Goldman Sachs Group by 3.5% in the third 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 during the period. Centerpoint Advisors LLC raised its stake in shares of The Goldman Sachs Group by 1.5% in the third quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company's stock worth $687,000 after purchasing an additional 13 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 0.9% in the third quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company's stock worth $1,185,000 after purchasing an additional 13 shares during the last quarter. 71.21% of the stock is 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 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 Price Performance

The Goldman Sachs Group stock opened at $781.99 on Friday. The stock has a market capitalization of $232.06 billion, a P/E ratio of 15.25, a P/E/G ratio of 0.96 and a beta of 1.34. The company's fifty day moving average price is $910.83 and its 200 day moving average price is $843.68. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts' consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company had revenue of $15.71 billion during the quarter, compared to analysts' expectations of $14.30 billion. During the same period in the prior year, the business posted $11.95 earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a 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 dividend payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GS shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Rothschild & Co Redburn upped their price objective on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a "neutral" rating in a report on Friday, December 12th. Jefferies Financial Group increased their price objective on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $815.00 to $826.00 and gave the company a "neutral" rating in a research report on Tuesday, March 10th. Finally, BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a "market perform" rating in a 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 given a Hold rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and an average price target of $919.29.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the sale, the chief accounting officer directly owned 10,301 shares in the company, valued at approximately $9,515,548.75. The trade was a 32.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 45,000 shares of the business's stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the sale, the director owned 555,000 shares of the company's stock, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 117,283 shares of company stock worth $112,016,033 in the last three months. 0.55% of the stock is owned by corporate 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.

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