The Goldman Sachs Group, Inc. $GS Shares Purchased by Rathbones Group PLC

Key Points

• Rathbones Group PLC increased its stake in Goldman Sachs by 6.1% in the fourth quarter, bringing its holdings to 293,273 shares worth about $257.8 million.
• Institutional ownership remains high, with hedge funds and other investors holding 71.21% of Goldman Sachs stock, while several smaller funds also added to their positions.
• Analyst sentiment is mixed: despite a consensus rating of “Hold” and a target price of $943.95, Goldman received multiple price-target changes, and insiders including the CFO have recently sold shares.

Rathbones Group PLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,273 shares of the investment management company's stock after acquiring an additional 16,909 shares during the quarter. The Goldman Sachs Group accounts for about 1.0% of Rathbones Group PLC's holdings, making the stock its 25th biggest holding. Rathbones Group PLC owned 0.10% of The Goldman Sachs Group worth $257,787,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC raised its holdings in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Entrust Financial LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $34,000. Finally, Graney & King LLC raised its holdings in The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company's stock worth $35,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GS. Evercore cut their price objective on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a report on Monday, April 6th. Wells Fargo & Company cut their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada reissued a "neutral" rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Dbs Bank raised their price objective on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Finally, Weiss Ratings cut shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $943.95.

Insider Activity

In related news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction on Wednesday, May 6th. The shares were 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 owned 15,657 shares in the company, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,681 shares of company stock valued at $31,737,875. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs reportedly won the lead left underwriting role for SpaceX’s expected IPO, a marquee assignment that could boost investment banking fees and reinforce the firm’s standing in high-profile capital markets deals. Article Title
• Positive Sentiment: Goldman also received a price target upgrade to $980 from CICC Research with an “outperform” rating, signaling continued analyst confidence in the stock. Article Title
• Positive Sentiment: Goldman’s recent macro and trading commentary has remained constructive, including a view that market volatility and AI-related themes can create opportunities for clients and the firm. Article Title
• Neutral Sentiment: Goldman has been shifting crypto exposure away from direct altcoin ETF holdings and toward infrastructure and trading platforms, which looks like a strategic repositioning rather than a direct earnings driver. Article Title
• Neutral Sentiment: Reports that CFO Denis Coleman sold shares are worth noting, but the transaction appears to be a partial sale and does not by itself change the long-term outlook. Article Title

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $981.97 on Thursday. The firm's fifty day moving average price is $885.93 and its 200 day moving average price is $882.40. The Goldman Sachs Group, Inc. has a 1-year low of $582.50 and a 1-year high of $984.70. 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 firm has a market cap of $289.69 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.28.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $16.66 billion. During the same period last year, the firm posted $14.12 EPS. The Goldman Sachs Group's quarterly revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis 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%.

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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