FFG Partners LLC Purchases Shares of 13,066 The Goldman Sachs Group, Inc. $GS

Key Points

• FFG Partners LLC opened a new position in Goldman Sachs during the first quarter, buying 13,066 shares valued at about $11.1 million. The stake represents roughly 4.4% of FFG Partners’ portfolio, making GS its 11th-largest holding.
• Goldman Sachs reported better-than-expected first-quarter earnings, with EPS of $17.55 versus estimates of $15.92 and revenue of $17.23 billion, up 14.4% year over year. The company also has strong institutional backing, with about 71.2% of shares owned by hedge funds and other institutions.
• The company declared a quarterly dividend of $4.50 per share, payable June 29, for an annualized yield of about 1.6%. However, recent insider selling totaled more than 33,000 shares over the past 90 days, and analysts currently rate the stock a consensus Hold.

FFG Partners LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,066 shares of the investment management company's stock, valued at approximately $11,054,000. The Goldman Sachs Group comprises approximately 4.4% of FFG Partners LLC's portfolio, making the stock its 11th biggest holding.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after buying an additional 58 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company's stock worth $1,098,000 after buying an additional 735 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of The Goldman Sachs Group by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company's stock worth $581,000 after buying an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of The Goldman Sachs Group by 22.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company's stock worth $1,522,000 after buying an additional 391 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,105.13 on Tuesday. The firm has a 50-day moving average of $983.33 and a two-hundred day moving average of $922.55. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $326.03 billion, a P/E ratio of 20.20, a PEG ratio of 1.43 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1-year low of $630.01 and a 1-year high of $1,125.00.

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

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders 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 annualized dividend and a yield of 1.6%. The Goldman Sachs Group's payout ratio is currently 32.89%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs lowered its U.S. recession odds, signaling a healthier economic backdrop that could support trading, underwriting, and investment banking activity. Goldman cuts U.S. recession risk to 15% after Iran deal
• Positive Sentiment: JPMorgan raised its price target on Goldman Sachs and expects a strong trading-driven quarter, which reinforces optimism around near-term earnings power. JPMorgan Lifts Goldman Sachs (GS) Target, Expects Strong Trading-Driven Quarter
• Neutral Sentiment: KBRA assigned preliminary ratings to a Goldman Sachs-sponsored mortgage-backed securities deal, a routine capital-markets update that is unlikely to materially move the stock on its own. KBRA Assigns Preliminary Ratings to GS Mortgage-Backed Securities Trust 2026-DSC2
• Neutral Sentiment: Goldman data showing hedge fund leverage near multi-year highs points to elevated market risk, but the article is more about broader market positioning than Goldman’s core fundamentals. $165 Billion Stock Selloff Looms as Goldman Flags Rising Leverage

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 14,292 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 15,657 shares of the company's stock, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares of the company's stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have 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 company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on GS. HSBC boosted their price target on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Royal Bank Of Canada reaffirmed a "neutral" rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a "neutral" rating in a research report on Friday, June 12th. Finally, Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $941.82.

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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