Integrity Alliance LLC. Purchases 1,495 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Integrity Alliance LLC boosted its Goldman Sachs stake by 46.6% in the fourth quarter, buying 1,495 additional shares and bringing its total holding to 4,705 shares valued at about $4.14 million.
• Wall Street sentiment on GS is mixed: analysts currently have a consensus rating of “Hold” with an average price target of $943.95, even as some firms raised or trimmed their targets and one downgraded the stock to hold.
• Goldman Sachs reported strong quarterly results, with EPS of $17.55 beating estimates and revenue rising 14.4% year over year; the company also announced a $4.50 quarterly dividend payable June 29.

Integrity Alliance LLC. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 46.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,705 shares of the investment management company's stock after buying an additional 1,495 shares during the period. Integrity Alliance LLC.'s holdings in The Goldman Sachs Group were worth $4,136,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GS. Dagco Inc. bought a new position in The Goldman Sachs Group in the 4th quarter valued at $25,000. Manning & Napier Advisors LLC boosted its position in The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock valued at $27,000 after buying an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $31,000. Entrust Financial LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Graney & King LLC boosted its position in The Goldman Sachs Group by 51.5% in the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company's stock valued at $35,000 after buying an additional 17 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on GS. Weiss Ratings lowered The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, May 8th. Evercore decreased their price objective on 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. Jefferies Financial Group decreased their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. UBS Group raised their price target on The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane reduced their price target on The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating on the stock in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $943.95.

Key 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

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction on 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 completion of the sale, the insider owned 15,657 shares of the company's stock, valued at $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 6,338 shares of the company's stock, valued at $5,889,079.46. This represents a 61.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,681 shares of company stock worth $31,737,875 over the last three months. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

GS stock opened at $995.28 on Thursday. The business's 50-day moving average price is $904.97 and its two-hundred day moving average price is $889.62. 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 firm has a market cap of $293.62 billion, a PE ratio of 18.19, a P/E/G ratio of 1.28 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 1-year low of $592.17 and a 1-year high of $1,016.53.

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 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion for 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 company's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $14.12 earnings per share. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given 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 currently 32.89%.

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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