Mutual of America Capital Management LLC Trims Holdings in The Goldman Sachs Group, Inc. $GS

Mutual of America Capital Management LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,256 shares of the investment management company’s stock after selling 689 shares during the period. Mutual of America Capital Management LLC’s holdings in The Goldman Sachs Group were worth $30,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of The Goldman Sachs Group by 1.5% in 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 buying an additional 418,820 shares during the period. Fisher Asset Management LLC lifted 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 worth $5,952,199,000 after acquiring an additional 110,134 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $5,896,795,000 after acquiring an additional 45,266 shares in the last quarter. Invesco Ltd. lifted 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 worth $2,319,905,000 after acquiring 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 worth about $2,515,830,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Bank of America decreased their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BMO Capital Markets increased their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research note on Monday, April 20th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Finally, BNP Paribas Exane cut their price target on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $943.95.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $1,049.24 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $592.17 and a 1-year high of $1,051.20. The company has a market capitalization of $309.53 billion, a P/E ratio of 19.17, a PEG ratio of 1.32 and a beta of 1.30. The business has a 50 day moving average price of $918.15 and a 200 day moving average price of $894.47. 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 released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period last year, the business posted $14.12 EPS. The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal 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 paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. Company 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 boosted its 2028 profit forecast for SK Hynix by 24% as the AI boom drives aggressive expansion plans, reinforcing Goldman’s reputation for strong investment research and market insight. SK Hynix Reaches $1 Trillion Valuation as CEO Unveils Aggressive Expansion Plans
• Positive Sentiment: Goldman said hedge funds are buying stocks at the fastest pace in six months, a sign of improving risk appetite that can support trading and advisory activity. Goldman Says Hedge Funds Buy Stocks at Fastest Pace in 6 Months
• Positive Sentiment: Several recent pieces continue to describe Goldman Sachs (GS) as a strong long-term stock with a favorable earnings outlook, which may help investor confidence. Why Goldman Sachs (GS) is a Top Stock for the Long-Term
• Neutral Sentiment: Goldman warned that real income growth is slowing to levels rarely seen outside recessions, a macroeconomic caution that matters for markets but is not directly about GS operations. It’s not a recession. But Goldman says your paycheck is acting like it
• Neutral Sentiment: Commentary questioning whether Goldman Sachs stock is underperforming the S&P 500 may keep attention on the shares, but it does not add a new fundamental catalyst. Is Goldman Sachs Stock Underperforming the S&P 500?
• Negative Sentiment: Goldman’s warning on weaker oil demand and downside risk to crude prices could be seen as a softer backdrop for the broader economy and capital markets activity. Goldman Warns Oil Faces $10 Downside Risk

The Goldman Sachs Group 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.