OLD National Bancorp IN Has $4.09 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

OLD National Bancorp IN increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,832 shares of the investment management company’s stock after acquiring an additional 646 shares during the quarter. OLD National Bancorp IN’s holdings in The Goldman Sachs Group were worth $4,088,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares during the last quarter. State Street Corp grew its position in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after purchasing an additional 394,198 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of The Goldman Sachs Group by 1.7% in the fourth 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 during the last quarter. Geode Capital Management LLC increased its stake in shares of The Goldman Sachs Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after purchasing an additional 45,266 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of The Goldman Sachs Group by 3.4% during the fourth quarter. Bank of America Corp DE now owns 5,978,034 shares of the investment management company’s stock worth $5,254,692,000 after purchasing an additional 194,109 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction 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. This represents a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,681 shares of company stock worth $31,737,875 in the last ninety days. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group increased their price objective on The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Rothschild & Co Redburn lifted their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley set a $900.00 target price on shares of The Goldman Sachs Group in a research report on Friday, June 12th. Finally, Jefferies Financial Group decreased their price target on shares of 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. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $960.68.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $1,021.45 on Friday. The stock’s fifty day moving average price is $996.38 and its two-hundred day moving average price is $928.21. The Goldman Sachs Group, Inc. has a one year low of $685.39 and a one year high of $1,125.00. 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 $301.34 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 firm had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $14.12 EPS. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is 32.89%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs highlighted three stocks positioned to benefit from the projected $757 billion AI capex supercycle, reinforcing its influence and constructive stance on major growth themes. Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle
• Positive Sentiment: Investors are looking ahead to Goldman Sachs’ second-quarter earnings, with expectations for double-digit earnings growth, which could support sentiment if results confirm strength in trading and investment banking. Here’s What to Expect From Goldman Sachs’ Next Earnings Report
• Neutral Sentiment: Rothschild & Co Redburn raised its price target on Goldman Sachs but maintained a neutral rating, suggesting the shares may be fairly valued after their run-up. MarketScreener report on Rothschild & Co Redburn target change
• Neutral Sentiment: Goldman Sachs remains in the market spotlight, with investors heavily searching the stock and watching for catalysts, but this is more a sentiment indicator than a direct fundamental driver. Investors Heavily Search The Goldman Sachs Group, Inc. (GS): Here is What You Need to Know

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.