New England Research & Management Inc. Purchases 2,750 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• New England Research & Management increased its GS stake by 183%, buying 2,750 shares to hold 4,251 shares worth $3.74M, representing about 1.6% of its portfolio and its 13th largest position.
• Significant insider selling has occurred recently — CEO David M. Solomon and Treasurer Carey Halio sold shares, and insiders have sold 117,283 shares worth $112M over the last 90 days, leaving insiders with roughly 0.55% ownership.
• The company reported a Q1 beat (EPS $13.55 vs. $11.52 expected) and raised its quarterly dividend to $4.50 ($18 annual, ~2.2% yield), while analysts hold a mixed view with an average price target near $919.

New England Research & Management Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 183.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,251 shares of the investment management company's stock after purchasing an additional 2,750 shares during the period. The Goldman Sachs Group accounts for approximately 1.6% of New England Research & Management Inc.'s portfolio, making the stock its 13th largest position. New England Research & Management Inc.'s holdings in The Goldman Sachs Group were worth $3,737,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GS. Hartline Investment Corp boosted its position in shares of The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after purchasing an additional 860 shares in the last quarter. A4 Wealth Advisors LLC bought a new position in The Goldman Sachs Group in the third quarter worth $940,000. Stevens Capital Management LP bought a new position in The Goldman Sachs Group in the third quarter worth $1,392,000. Meridian Wealth Management LLC lifted its position in The Goldman Sachs Group by 39.4% during the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock valued at $1,857,000 after buying an additional 659 shares during the period. Finally, AlTi Global Inc. boosted its holdings in shares of The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after buying an additional 13,879 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO David M. Solomon sold 272 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the sale, the chief executive officer directly owned 125,527 shares in the company, valued at $117,859,810.84. The trade was a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 2,846 shares of the business's stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the transaction, the treasurer directly owned 2,017 shares of the company's stock, valued at $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by corporate insiders.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman committed $42.5M to a minority stake in TAMP GeoWealth, strengthening its wealth‑management / platform footprint (UMA, tax and AI planning) and creating cross‑sell and recurring‑revenue opportunities. Goldman Sachs to Invest $42.5M in TAMP GeoWealth
• Positive Sentiment: Sources say GS is in early talks to raise at least $10B for a private‑credit fund — a potentially large fee pool that would expand alternatives AUM and diversify revenue away from trading. GS in early talks to raise at least $10B for private credit fund
• Positive Sentiment: CEO commentary flags increased dealmaking in a shifted regulatory backdrop — a constructive signal for advisory pipelines and potential M&A fees. Goldman CEO sees increased dealmaking amid changed regulatory environment
• Positive Sentiment: Goldman’s energy research (saying oil could top 2008 highs and naming top oil/refiner picks) spotlights a trading/research profit opportunity as oil volatility drives client flows across markets. Oil Could Top All-Time Highs Set in 2008, Warns Goldman
• Neutral Sentiment: Goldman published a shareholder letter detailing AI ambitions and the risks that could disrupt its strategy — long‑term productivity gains are offset by implementation and governance risks. Goldman Sachs maps out where it's pushing AI — and the risks that could upend its strategy
• Neutral Sentiment: Internal moves: Sara Naison‑Tarajano named head of $26B Ayco (operational leadership update that supports wealth/business continuity). Goldman Sachs Names Sara Naison-Tarajano as Head of $26B Ayco
• Negative Sentiment: Goldman is shifting to smaller, rolling layoffs and will make performance‑based cuts beginning in April — may reduce near‑term costs but can weigh on morale, hiring and execution. Goldman Sachs to make small job cuts on performance in April, source says
• Negative Sentiment: Zacks downgraded GS from strong‑buy to hold, a headline that can pressure sentiment among retail/quant flows. Zacks Research downgrade
• Negative Sentiment: Clients are growing cautious about a potential market rout amid Middle East tensions and rising oil — weaker client risk appetite can dent trading volumes and investment activity. Complacency Is Cracking as Goldman Clients Brace for Stocks Rout

The Goldman Sachs Group Stock Up 0.5%

The Goldman Sachs Group stock opened at $813.55 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The stock has a fifty day simple moving average of $897.10 and a two-hundred day simple moving average of $845.83. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm has a market cap of $241.42 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.00 and a beta of 1.34.

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

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.2%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.00. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 35.09%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GS shares. BNP Paribas Exane upped their target price on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a "neutral" rating in a research report on Friday, January 16th. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a "market perform" rating in a research report on Friday, January 16th. HSBC boosted their price objective on shares of The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. Barclays raised their target price on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. Eight 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 currently has an average rating of "Hold" and an average price target of $919.29.

About The Goldman Sachs Group

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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