Resona Asset Management Co. Ltd. Sells 4,988 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Resona Asset Management cut its stake in Goldman Sachs by 5.2% in the fourth quarter, selling 4,988 shares and ending with 90,245 shares valued at about $79.5 million.
• Goldman Sachs reported a strong first-quarter earnings beat, with EPS of $17.55 versus $15.92 expected and revenue of $17.23 billion, up 14.4% year over year.
• The company recently declared a quarterly dividend of $4.50 per share, equivalent to an annualized payout of $18.00 and a yield of about 1.9%.

Resona Asset Management Co. Ltd. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,245 shares of the investment management company's stock after selling 4,988 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in The Goldman Sachs Group were worth $79,537,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Acropolis Investment Management LLC grew its stake in shares of The Goldman Sachs Group by 1.8% in the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock valued at $554,000 after buying an additional 11 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its holdings in The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock worth $505,000 after purchasing an additional 11 shares during the last quarter. Optas LLC lifted its holdings in The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company's stock worth $2,244,000 after purchasing an additional 11 shares during the last quarter. Pines Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 0.4% in the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock worth $2,255,000 after purchasing an additional 11 shares during the last quarter. Finally, Terra Nova Asset Management LLC lifted its holdings in The Goldman Sachs Group by 0.5% in the 4th quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company's stock worth $2,329,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs reported a strong rebound in investment banking fees, which climbed 48% in the first quarter, suggesting improved deal activity and better revenue prospects for the firm. Article Title
• Positive Sentiment: Goldman’s market commentary has been constructive on AI-related themes, with the firm saying AI and hyperscaler stocks are becoming a “defensive” trade as investors look for growth exposure, reinforcing Goldman’s relevance in a leading market trend. Article Title
• Positive Sentiment: The firm said central banks are likely to increase gold buying, which could support commodity prices and reflects Goldman’s market influence in a key macro theme. Article Title
• Neutral Sentiment: CFO Denis P. Coleman sold 6,857 shares in a disclosed transaction, but the sale was only a partial reduction in his holdings and does not by itself signal a change in the company’s fundamentals. Article Title
• Neutral Sentiment: Goldman also disclosed portfolio changes in crypto-related holdings, including exits from XRP and Solana ETF exposure and a new position tied to Hyperliquid, which looks more like a portfolio rebalance than a direct earnings driver for GS shares. Article Title

The Goldman Sachs Group Stock Down 0.3%

Shares of GS stock opened at $945.40 on Tuesday. The Goldman Sachs Group, Inc. has a 12 month low of $582.50 and a 12 month high of $984.70. The firm has a market cap of $278.90 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28. The stock has a 50 day moving average of $880.81 and a 200-day moving average of $880.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 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 company had revenue of $17.23 billion during 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 quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared 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 is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group's payout ratio is 32.89%.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. Bank of America reduced their target price 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. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating for the company in a report on Monday, April 13th. Morgan Stanley reduced their target price on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an "equal weight" rating for the company in a report on Tuesday, March 31st. JPMorgan Chase & Co. restated a "neutral" rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, BMO Capital Markets boosted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a "market perform" rating in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $942.24.

Insiders Place Their Bets

In other 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 transaction of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,044,776.88. Following the transaction, the insider owned 2,578 shares of the company's stock, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,681 shares of company stock valued at $31,737,875 in the last three months. 0.55% of the stock is owned by corporate insiders.

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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