Cornerstone Planning LLC Invests $4.51 Million in The Goldman Sachs Group, Inc. $GS

Key Points

• Cornerstone Planning LLC opened a new position in Goldman Sachs during the fourth quarter, buying 5,116 shares valued at about $4.51 million.
• Institutional ownership in GS remains high, with the article noting that 71.21% of the stock is owned by institutional investors and hedge funds.
• Goldman Sachs reported strong quarterly results, with EPS of $17.55 beating estimates and revenue rising 14.4% year over year; the firm also declared a $4.50 quarterly dividend payable on June 29.

Cornerstone Planning LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,116 shares of the investment management company's stock, valued at approximately $4,507,000.

Several other large investors have also bought and sold shares of GS. Stevens Capital Management LP bought a new stake in The Goldman Sachs Group during the third quarter valued at $1,392,000. Audent Global Asset Management LLC raised its position in shares of The Goldman Sachs Group by 10.1% in the 4th quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock worth $4,604,000 after acquiring an additional 479 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of The Goldman Sachs Group by 3.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 215,482 shares of the investment management company's stock worth $189,409,000 after acquiring an additional 8,154 shares in the last quarter. Rathbones Group PLC lifted its stake in shares of The Goldman Sachs Group by 12.6% in the 3rd quarter. Rathbones Group PLC now owns 276,364 shares of the investment management company's stock valued at $220,082,000 after purchasing an additional 30,825 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of The Goldman Sachs Group by 35.0% during the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company's stock valued at $10,499,000 after purchasing an additional 3,098 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, May 1st. The stock was 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 $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the insider owned 15,657 shares of the company's stock, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 in the last quarter. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,099.46 on Friday. The business's fifty day moving average is $979.32 and its 200 day moving average is $919.74. The Goldman Sachs Group, Inc. has a 12-month low of $630.01 and a 12-month high of $1,125.00. 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 stock has a market cap of $324.35 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts' consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the previous year, the business posted $14.12 EPS. The Goldman Sachs Group's quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.6%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 32.89%.

Analyst Ratings Changes

Several equities research analysts recently commented on GS shares. Jefferies Financial Group decreased their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating for the company in a research note on Monday, April 6th. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a "market perform" rating in a research report on Monday, April 20th. Wells Fargo & Company lowered their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating for the company in a research note on Monday, April 13th. Evercore dropped their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a research report on Monday, April 6th. Finally, Zacks Research lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus target price of $941.82.

Key Headlines Impacting The Goldman Sachs Group

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

• Negative Sentiment: Goldman Sachs lowered its 2026 year-end gold target by $500 to $4,900, reflecting reduced expectations for Fed rate cuts and increasing risk of rate hikes. Gold Price Target Slashed by Goldman on Fed Rate Hike Risk
• Negative Sentiment: Multiple follow-up reports echoed Goldman’s more cautious gold outlook, reinforcing the view that tighter monetary policy could keep pressure on bullion prices. The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500
• Neutral Sentiment: Goldman also said its gold view remains structurally constructive over the long term, but tactically cautious in the near term as policy uncertainty persists. Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
• Neutral Sentiment: Separately, Goldman Sachs was mentioned in coverage on oil and shipping flows through Hormuz, but that commentary appears more macro-focused than directly material to GS shares. Hormuz Reopens, Yet Businesses Warn Oil Crisis Isn’t Over

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.

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