The Goldman Sachs Group, Inc. $GS Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management increased its stake in The Goldman Sachs Group by 110.8% in Q3, buying 936,015 shares to hold 1,780,620 shares (0.59% of the company) worth about $1.418 billion.
• Goldman beat quarterly expectations with $13.55 EPS vs. $11.52 estimated and $15.71 billion revenue, and the firm raised its quarterly dividend to $4.50 ($18 annual), a 2.3% yield.
• The analyst consensus is a "Hold" with an average price target of $919.29, despite several recent price-target increases and a mix of Buy and Hold ratings.

Wellington Management Group LLP raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 110.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,780,620 shares of the investment management company's stock after purchasing an additional 936,015 shares during the quarter. Wellington Management Group LLP owned 0.59% of The Goldman Sachs Group worth $1,417,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $26,000. First PREMIER Bank acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $29,000. Elevation Wealth Partners LLC lifted its stake in shares of The Goldman Sachs Group by 100.0% in the 3rd 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 during the period. Finally, Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $31,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on The Goldman Sachs Group from $980.00 to $985.00 and gave the company a "market perform" rating in a research report on Tuesday, January 20th. BNP Paribas Exane increased their price target on 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. UBS Group reissued a "neutral" rating and issued a $990.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, February 4th. Jefferies Financial Group upped their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Finally, HSBC lifted their price target on shares of The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $919.29.

The Goldman Sachs Group Trading Down 0.7%

NYSE GS opened at $781.99 on Friday. The firm's 50-day moving average is $910.83 and its two-hundred day moving average is $843.02. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. 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 stock has a market capitalization of $232.06 billion, a P/E ratio of 15.25, a PEG ratio of 0.96 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 for the quarter, beating analysts' consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to analysts' expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the business earned $11.95 earnings per share. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

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

The Goldman Sachs Group News Summary

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 Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 2,846 shares of the business's stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the sale, the treasurer 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John F.W. Rogers sold 13,151 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the transaction, the executive vice president owned 39,007 shares in the company, valued at $37,408,883.21. This trade represents a 25.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,283 shares of company stock worth $112,016,033 in the last three months. Company insiders own 0.55% of the company's stock.

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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