Foundations Investment Advisors LLC Increases Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Foundations Investment Advisors LLC increased its Goldman Sachs position by 10.6% in the fourth quarter, adding 5,912 shares to bring its total to 61,538 shares valued at about $54.1 million.
• Goldman Sachs recently reported strong quarterly results, with EPS of $17.55 and revenue of $17.23 billion, both beating analyst estimates; revenue also rose 14.4% year over year.
• The company announced a quarterly dividend of $4.50 per share, payable June 29, implying an annualized dividend of $18.00 and a 1.8% yield.

Foundations Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,538 shares of the investment management company's stock after acquiring an additional 5,912 shares during the quarter. Foundations Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $54,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Baker Avenue Asset Management LP increased its position in shares of The Goldman Sachs Group by 1.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 20,185 shares of the investment management company's stock worth $17,743,000 after acquiring an additional 248 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $166,000. Thoroughbred Financial Services LLC increased its holdings in The Goldman Sachs Group by 4.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 5,372 shares of the investment management company's stock valued at $4,722,000 after buying an additional 246 shares during the last quarter. Murphy & Mullick Capital Management Corp increased its holdings in The Goldman Sachs Group by 25.0% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 946 shares of the investment management company's stock valued at $831,000 after buying an additional 189 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.5% in the fourth quarter. Castlekeep Investment Advisors LLC now owns 4,095 shares of the investment management company's stock valued at $3,600,000 after buying an additional 21 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.1%

NYSE:GS opened at $995.28 on Thursday. The firm has a market capitalization of $293.62 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. The stock has a 50 day moving average of $904.97 and a 200-day moving average of $889.62. The Goldman Sachs Group, Inc. has a 52 week low of $592.17 and a 52 week high of $1,016.53. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business's revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $14.12 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group's dividend payout ratio is 32.89%.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs increased its S&P 500 outlook to 8,000, signaling confidence in earnings momentum and helping reinforce a constructive market backdrop. MarketWatch article
• Positive Sentiment: Goldman’s AI-related research continues to get traction, with its call that Nvidia and Micron are major beneficiaries of the next earnings cycle strengthening Goldman’s visibility in one of the market’s hottest themes. Benzinga article
• Positive Sentiment: SpaceX chose Goldman Sachs as lead underwriter for its planned IPO, a potentially landmark mandate that highlights Goldman’s strength in high-profile capital markets deals. Seeking Alpha article
• Neutral Sentiment: Several companies announced presentations at Goldman Sachs’ upcoming Global Healthcare Conference, which supports the firm’s event pipeline but is unlikely to move GS shares by itself. Business Insider article
• Neutral Sentiment: Coverage about Goldman’s analysts discussing Treasury demand, European equities, and AI bottlenecks mostly reflects the firm’s macro research activity rather than a direct business catalyst for GS stock. Financial Post article

Analyst Ratings Changes

GS has been the subject of several research analyst reports. BNP Paribas Exane lowered their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating for the company in a report on Friday, April 24th. CICC Research boosted their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an "outperform" rating in a report on Tuesday, May 19th. Citigroup boosted their price objective on The Goldman Sachs Group from $765.00 to $930.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Rothschild & Co Redburn boosted their price objective on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a report on Friday, April 17th. Finally, Bank of America lowered their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating for the company in a report 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's stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $943.95.

Insider Buying and Selling

In other news, insider Alex S. Golten sold 1,116 shares of the company's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares of the company's stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the company'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 value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares of the company's stock, valued at $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 sold a total of 33,681 shares of company stock valued at $31,737,875 over the last three months. 0.55% of the stock is owned by company insiders.

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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