The Goldman Sachs Group, Inc. $GS Stock Position Lifted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 65.6% in the 4th quarter, HoldingsChannel reports. The firm owned 17,397 shares of the investment management company’s stock after purchasing an additional 6,889 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in The Goldman Sachs Group were worth $15,287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. WD Rutherford LLC boosted its stake in The Goldman Sachs Group by 17.2% during the 4th quarter. WD Rutherford LLC now owns 5,060 shares of the investment management company’s stock valued at $4,448,000 after purchasing an additional 743 shares in the last quarter. Entrust Financial LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at $34,000. Cascade Financial Partners LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at $216,000. Odyssey Capital Advisors Inc. bought a new position in The Goldman Sachs Group during the 4th quarter valued at $2,063,000. Finally, CDM Financial Counseling Services Inc. bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $381,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at $5,889,079.46. The trade was a 61.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s 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 sale, the insider directly 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 SEC filing for this sale provides additional information. Insiders sold 33,681 shares of company stock valued at $31,737,875 in the last 90 days. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several research reports. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wells Fargo & Company dropped their price target 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 research report on Monday, April 13th. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Dbs Bank raised their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Finally, Rothschild & Co Redburn raised their target price on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $943.95.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $927.61 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $582.50 and a one year high of $984.70. The company has a 50-day moving average of $882.94 and a two-hundred day moving average of $881.04. The stock has a market cap of $273.66 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.22 and a beta of 1.28. 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 (NYSE:GS) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping 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 company had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. During the same period last year, the company posted $14.12 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is 32.89%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs was picked to help lead SpaceX’s expected IPO, a high-profile assignment that could generate significant fees and boost the firm’s investment banking pipeline. Article Title
• Positive Sentiment: Goldman Sachs is advising Saudi Arabia-backed Humain on financing for data centers, highlighting additional growth in AI-related dealmaking. Article Title
• Positive Sentiment: Goldman’s leadership said market turbulence has created a “huge opportunity,” suggesting stronger trading and advisory activity when volatility is elevated. Article Title
• Positive Sentiment: CICC Research lifted its price target on Goldman Sachs and maintained an outperform rating, signaling continued analyst confidence. Article Title
• Neutral Sentiment: Goldman Sachs CEO David Solomon met with Mayor Mamdani, but the meeting appears more political/relationship-oriented than directly tied to near-term earnings. Article Title
• Neutral Sentiment: CFO Denis Coleman sold shares in a disclosed transaction; insider sales can weigh on sentiment, but this looks like a routine partial sale rather than a clear fundamental warning. Article Title

The Goldman Sachs Group Company Profile

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.