The Goldman Sachs Group, Inc. $GS Shares Bought by Huntington National Bank

Key Points

• Huntington National Bank increased its stake in Goldman Sachs by 9.4% in the fourth quarter, holding 148,469 shares worth about $130.5 million at the end of the period.
• Analyst sentiment on Goldman Sachs remains mixed: the stock has a consensus rating of Hold with an average price target of $943.95, even as several firms recently adjusted their targets and ratings.
• Goldman posted a strong quarterly beat, reporting $17.55 EPS versus $15.92 expected and revenue of $17.23 billion, while also announcing a quarterly dividend of $4.50 per share.

Huntington National Bank raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 148,469 shares of the investment management company's stock after acquiring an additional 12,786 shares during the period. Huntington National Bank's holdings in The Goldman Sachs Group were worth $130,504,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Acropolis Investment Management LLC lifted 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 worth $554,000 after acquiring an additional 11 shares during the period. Walkner Condon Financial Advisors LLC lifted its stake in shares of 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 acquiring an additional 11 shares during the period. Optas LLC lifted its stake in shares of 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 acquiring an additional 11 shares during the period. Pines Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.4% in the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock valued at $2,255,000 after purchasing an additional 11 shares during the period. Finally, Terra Nova Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.5% in the fourth quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company's stock valued at $2,329,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating for the company in a research note on Monday, April 6th. Rothschild & Co Redburn raised their price objective on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a research note on Friday, April 17th. BNP Paribas Exane reduced their price objective on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating for the company in a research note on Friday, April 24th. Evercore reduced their price objective on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating for the company in a research note on Monday, April 6th. Finally, Citigroup raised their price objective on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $943.95.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 33,681 shares of company stock valued at $31,737,875. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $995.28 on Thursday. 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 50-day moving average price of $904.97 and a two-hundred day moving average price of $889.62. The Goldman Sachs Group, Inc. has a twelve month low of $592.17 and a twelve month high of $1,016.53. The company has a market capitalization of $293.62 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28.

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, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period last year, the firm posted $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 expect that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is 32.89%.

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

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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