The Goldman Sachs Group, Inc. $GS Position Increased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management boosted its Goldman Sachs stake by 428.4% in the fourth quarter, ending with 556,254 shares valued at about $488.9 million.
• Several other large institutions also increased holdings, and institutional investors now own 71.21% of Goldman Sachs stock, underscoring strong big-money ownership.
• Goldman Sachs reported better-than-expected quarterly results, with EPS of $17.55 versus $15.92 expected and revenue of $17.23 billion, while also declaring a quarterly dividend of $4.50 per share.

Northwestern Mutual Wealth Management Co. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 428.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 556,254 shares of the investment management company's stock after purchasing an additional 450,984 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.19% of The Goldman Sachs Group worth $488,947,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of The Goldman Sachs Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company's stock worth $25,503,685,000 after purchasing an additional 418,820 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1.9% in the 3rd quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company's stock worth $5,304,824,000 after purchasing an additional 121,676 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of The Goldman Sachs Group by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company's stock worth $2,319,905,000 after purchasing an additional 97,387 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of The Goldman Sachs Group by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company's stock worth $1,680,393,000 after purchasing an additional 28,642 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company's stock worth $1,417,997,000 after purchasing an additional 936,015 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction on Thursday, April 23rd. The shares were 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 in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 26,824 shares of company stock worth $25,062,242. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. BMO Capital Markets raised their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the company a "market perform" rating in a research report on Monday, April 20th. HSBC raised their target price on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Citigroup raised their target price on The Goldman Sachs Group from $765.00 to $930.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Rothschild & Co Redburn raised their target price on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. Finally, UBS Group raised their target price on The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $942.24.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs lowered its 12-month U.S. recession probability to 25% from 30%, citing a resilient labor market and solid economic activity. That suggests a healthier macro backdrop for banks and markets overall. Goldman Slashes Recession Risk Odds as Labor Market Remains Resilient
• Neutral Sentiment: Goldman Sachs analysts remained active across several names, including Buy ratings on Telefonica, MercadoLibre, Insulet, Marathon Petroleum, UnitedHealth and ORIC Pharma, showing the firm continues to influence market sentiment but without direct impact on GS itself.
• Neutral Sentiment: There were also multiple media references to Goldman strategists warning that the recent market rally and volatility setup could imply more upside, but those commentary pieces were market-wide in nature and not specific to Goldman Sachs stock.
• Negative Sentiment: Financial stocks were weaker in afternoon trading, with the NYSE Financial Index down about 0.5%, which likely pressured Goldman Sachs shares along with the broader sector. Sector Update: Financial Stocks Lower in Afternoon Trading

The Goldman Sachs Group Stock Down 2.0%

GS opened at $949.89 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $582.50 and a 12 month high of $984.70. The stock has a market cap of $280.23 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.25 and a beta of 1.28. The stock's 50 day moving average price is $878.61 and its 200 day moving average price is $878.32. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $16.66 billion. During the same period last year, the firm earned $14.12 EPS. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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 is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group's dividend payout ratio (DPR) is 32.89%.

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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