Ossiam Sells 70,341 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Ossiam trimmed its position in The Goldman Sachs Group by 68.2% during Q3, selling 70,341 shares and leaving 32,870 shares valued at $26,176,000, and overall 71.21% of GS stock is held by institutional investors.
• Significant insider selling: Director David A. Viniar sold 45,000 shares (~$43.44M) and CAO Sheara J. Fredman sold 4,863 shares (~$4.49M); insiders have sold 117,283 shares worth about $112.0M in the past three months.
• Strong results and payout lift: Goldman beat Q results (EPS $13.55 vs. $11.52; revenue $15.71B vs. $14.30B) and raised its quarterly dividend to $4.50 ($18 annual, ~2.3% yield), while several analysts have raised price targets even as the consensus rating remains a "Hold" with a $919.29 target.

Ossiam trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 68.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,870 shares of the investment management company's stock after selling 70,341 shares during the period. Ossiam's holdings in The Goldman Sachs Group were worth $26,176,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank bought a new position in The Goldman Sachs Group in the third quarter valued at approximately $28,000. Corundum Trust Company INC acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $29,000. Elevation Wealth Partners LLC raised its position in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company's stock valued at $32,000 after purchasing an additional 20 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in The Goldman Sachs Group during the second quarter worth $31,000. 71.21% of the stock is owned by institutional investors.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman highlights that the current energy supply shock should spur investment in grid infrastructure and storage — a potential source of advisory, underwriting and asset-management fees for GS. Current energy supply shock will drive investment into grid infrastructure and storage solutions: GS
• Positive Sentiment: Several pieces note GS is deeply oversold technically and that analysts remain constructive (recent price-targets above current levels), which could support a relief rally if markets stabilize or capital-markets activity picks up. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold
• Neutral Sentiment: Governance update — board member Lakshmi Mittal announced retirement. Routine board turnover can be relevant for long-term governance but is unlikely to drive immediate price action. Goldman Sachs Announces Retirement of Board Member Mittal
• Neutral Sentiment: Goldman trimmed a derivative-based stake in Siemens Energy to just under 5% — a portfolio move that signals repositioning but is not a major earnings driver for GS itself. Goldman Sachs Trims Derivative-Based Stake in Siemens Energy to Just Under 5%
• Negative Sentiment: Immediate sell pressure was linked to investor worries about the stability of the private credit market after a key bank announcement — contagion concerns in private markets tend to hit large universal banks and asset managers. Why Goldman Sachs (GS) Shares Are Sliding Today
• Negative Sentiment: Goldman’s elevated oil-price forecasts and widespread supply-shock commentary (Brent near $100+ forecasts and warning of much higher spikes) have helped push Treasury yields and a risk-off tone — that environment has weighed on financials and contributed to GS’s intraday weakness. Goldman Sachs forecasts oil at $100 a barrel for March
• Negative Sentiment: Macroeconomic outlook shifts — Goldman pushed back its Fed rate-cut timeline (now expecting cuts later in the year), which, together with oil-driven inflation risk, is keeping markets cautious and depressing risk assets including bank stocks. Goldman now sees first Fed rate cut in September, not June

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the completion of the sale, the director directly owned 555,000 shares in the company, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the transaction, the chief accounting officer directly owned 10,301 shares of the company's stock, valued at approximately $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,283 shares of company stock valued at $112,016,033 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays upped their price objective on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an "overweight" rating in a research report on Monday, January 5th. Argus raised their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a "buy" rating in a report on Friday, January 16th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. HSBC upped their target price on The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. Finally, Bank of America lifted their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus target price of $919.29.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $781.99 on Friday. The stock has a market capitalization of $232.06 billion, a PE ratio of 15.25, a PEG ratio of 0.96 and a beta of 1.34. The business's 50 day simple moving average is $910.83 and its 200 day simple moving average is $843.02. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company's revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $11.95 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group's payout ratio is 35.09%.

The Goldman Sachs Group 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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