The Goldman Sachs Group, Inc. $GS Shares Sold by Wharton Business Group LLC

Key Points

• Wharton Business Group LLC trimmed its Goldman Sachs stake by 3.2% in the fourth quarter, selling 1,590 shares and leaving it with 48,781 shares valued at about $42.9 million.
• Goldman Sachs posted strong quarterly results, with EPS of $17.55 and revenue of $17.23 billion, both ahead of consensus estimates, while revenue rose 14.4% year over year.
• Investor sentiment remains mixed but generally supportive: Goldman is tied to major IPOs like Anthropic and still has a consensus Wall Street rating of “Hold,” with analysts citing a $943.95 average price target and the company also announcing a $4.50 quarterly dividend.

Wharton Business Group LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,781 shares of the investment management company's stock after selling 1,590 shares during the quarter. The Goldman Sachs Group comprises 1.6% of Wharton Business Group LLC's holdings, making the stock its 19th biggest position. Wharton Business Group LLC's holdings in The Goldman Sachs Group were worth $42,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in The Goldman Sachs Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company's stock valued at $25,503,685,000 after purchasing an additional 418,820 shares in the last quarter. Fisher Asset Management LLC increased its stake in The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company's stock valued at $5,952,199,000 after purchasing an additional 110,134 shares in the last quarter. Geode Capital Management LLC increased its stake in The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company's stock valued at $5,896,795,000 after purchasing an additional 45,266 shares in the last quarter. Invesco Ltd. increased its stake in The Goldman Sachs Group by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company's stock valued at $2,319,905,000 after purchasing an additional 97,387 shares in the last quarter. Finally, Norges Bank acquired a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $2,515,830,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs was selected, along with Morgan Stanley, to lead Anthropic’s IPO, reinforcing Goldman’s role in major upcoming capital markets deals and supporting confidence in its investment banking franchise.
• Positive Sentiment: Goldman also remains a lead underwriter and visible player in high-profile offerings like SpaceX, with reports highlighting aggressive revenue projections for SpaceX’s AI business ahead of that IPO.
• Positive Sentiment: Jim Cramer said “We Love Goldman,” adding a public bullish endorsement that can improve sentiment around the stock.
• Positive Sentiment: Goldman’s recent market commentary has been constructive, including calls to buy the stock market dip and a view that long-term growth and risk assets remain supported.
• Neutral Sentiment: Goldman disclosed a 3.14% voting stake in QIAGEN, but this looks like a routine holdings disclosure rather than a direct catalyst for GS shares. Goldman Sachs Discloses 3.14% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman Sachs also issued several stock-rating updates on other companies, including upgrades and target hikes for names like Hilton Grand Vacations and Broadcom, which mainly underscore the strength of its research platform.
• Neutral Sentiment: Reports that Goldman’s CEO expects entry-level hiring to “contract a little” as AI changes staffing mix are more of a long-term operating note than an immediate stock driver.

Insider Activity

In related news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider directly owned 2,578 shares of the company's stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a "market perform" rating in a research note on Monday, April 20th. Morgan Stanley dropped their price objective on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 31st. Weiss Ratings downgraded shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, May 8th. Finally, HSBC upped their price objective on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $943.95.

The Goldman Sachs Group Stock Down 4.8%

GS stock opened at $1,040.16 on Friday. The firm's fifty day simple moving average is $936.56 and its 200-day simple moving average is $900.85. The company has a market capitalization of $306.86 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.30. 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, Inc. has a 12 month low of $609.31 and a 12 month high of $1,098.36.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $14.12 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group's dividend payout ratio 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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.