Genesis Financial Group LLC Takes $5.46 Million Position in The Goldman Sachs Group, Inc. $GS

Genesis Financial Group LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,207 shares of the investment management company’s stock, valued at approximately $5,456,000. The Goldman Sachs Group makes up 3.2% of Genesis Financial Group LLC’s investment portfolio, making the stock its 7th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in The Goldman Sachs Group by 110.8% during 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. Ameriprise Financial Inc. raised its position in shares of The Goldman Sachs Group by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after buying an additional 291,280 shares during the last quarter. Danske Bank A S purchased a new position in shares of The Goldman Sachs Group in the third quarter worth about $178,941,000. Alliancebernstein L.P. lifted its stake in shares of The Goldman Sachs Group by 14.4% in the second quarter. Alliancebernstein L.P. now owns 1,710,516 shares of the investment management company’s stock worth $1,210,618,000 after buying an additional 215,230 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in The Goldman Sachs Group during the second quarter worth about $152,166,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman completed its acquisition of Innovator Capital Management for $2 billion, immediately boosting GS Asset Management’s ETF capability and lifting its ETF AUM to about $90B — a clear earnings/fee accretive move that expands recurring revenue. Goldman Sachs Finalizes $2 Billion Purchase of ETF Firm Innovator
• Positive Sentiment: Goldman is participating in fee-rich mandates: acting as lead advisor on Golar LNG’s strategic review and joining the core underwriting group for a potential SpaceX IPO. At the same time it issued new multi-currency senior and subordinated notes — pairing balance-sheet funding with advisory and capital-markets revenue opportunities. These deal flows support near-term fee income and underwriting pipelines. Should Goldman’s Expanding LNG and Space Deals…
• Positive Sentiment: Barrick Gold tapped Goldman to lead an IPO for its North American mines — another underwriting/advisory win that could translate into meaningful fees if the deal proceeds. Barrick taps Goldman Sachs to lead IPO
• Neutral Sentiment: Goldman’s market commentary and analyst work (e.g., notes on market resilience, stock picks, and sector coverage/initiations) keeps the firm visible and supports trading & ECM workflows, but is unlikely by itself to move fundamentals quickly. Goldman Sachs Says Markets Stay Strong
• Neutral Sentiment: Goldman (like JPMorgan) is exploring entry into prediction markets — an early-stage strategic initiative that could open new product lines but is not an immediate revenue driver. JPMorgan & Goldman Sachs eye prediction markets
• Negative Sentiment: Goldman Paris received a security warning and staff were told to work from home after a thwarted attack — an operational/security concern that adds short-term disruption risk and potential expenses. Goldman and Citi tell Paris staff to work from home
• Negative Sentiment: Prime-brokerage data show hedge funds sold global stocks at the fastest pace in 13 years, a sign of market stress that could pressure GS’s trading and principal revenues if volatility and outflows persist. Hedge funds bail from global stocks
• Negative Sentiment: HSBC cut its price target on GS to $729 (down from $802), signaling some analyst caution; Morgan Stanley also trimmed its target (still equal-weight). Analyst downgrades/target cuts can weigh on sentiment even if fundamentals remain intact. HSBC adjusts price target on Goldman Sachs

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $863.92 on Friday. The firm has a 50 day simple moving average of $876.02 and a 200-day simple moving average of $850.07. The stock has a market cap of $254.85 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. 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 Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the previous year, the company earned $11.95 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were given a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.09%.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the transaction, the insider directly owned 18,533 shares in the company, valued at approximately $17,189,542.83. This represents a 34.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the sale, the director directly owned 555,000 shares of the company’s stock, valued at $535,758,150. The trade was a 7.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 117,283 shares of company stock worth $112,016,033. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research note on Tuesday, January 20th. Jefferies Financial Group boosted their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Autonomous Res dropped their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. HSBC reduced their price objective on The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday. Finally, Royal Bank Of Canada upped their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $929.52.

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.