Twin Capital Management Inc. Sells 902 Shares of The Goldman Sachs Group, Inc. $GS

Twin Capital Management Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.8% during the 4th quarter, HoldingsChannel reports. The fund owned 7,438 shares of the investment management company’s stock after selling 902 shares during the quarter. The Goldman Sachs Group comprises about 0.8% of Twin Capital Management Inc.’s portfolio, making the stock its 17th largest holding. Twin Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $6,538,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GS. Wellington Management Group LLP lifted its stake in The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in The Goldman Sachs Group by 428.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock valued at $488,947,000 after acquiring an additional 450,984 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 418,820 shares in the last quarter. Jennison Associates LLC lifted its stake in The Goldman Sachs Group by 40.8% in the 4th quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock valued at $1,189,293,000 after acquiring an additional 392,319 shares in the last quarter. Finally, Danske Bank A S bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $178,941,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, 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 value of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The shares were 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 in the company, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last quarter. 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 is reportedly set to lead SpaceX’s IPO, a landmark deal that could be the largest ever and bring in significant banking fees. Reuters: Goldman Sachs set to be named lead left underwriter for SpaceX IPO
• Positive Sentiment: Multiple outlets confirmed or repeated the SpaceX lead-underwriter news, adding to investor enthusiasm around Goldman Sachs’ advisory and underwriting franchise. CNBC: SpaceX picks Goldman Sachs to lead record-breaking IPO
• Positive Sentiment: Goldman Sachs also got a target-price boost from CICC Research to $980 with an outperform rating, reinforcing a constructive view on the stock. MarketScreener: CICC adjusts price target on Goldman Sachs
• Neutral Sentiment: Goldman Sachs said global oil stockpiles are being drawn down at a record pace, a view that reflects its macro commentary rather than a direct business update for GS. Financial Post: Goldman Says Oil Drawdowns Hit Record Pace as Buffer Shrinks
• Neutral Sentiment: Other recent headlines show Goldman advising on AI/data-center financing and discussing market volatility, which supports the firm’s visibility but is less immediate for the stock than the SpaceX IPO news. Reuters: Saudi Arabia’s Humain picks Goldman Sachs to advise on data centre financing

The Goldman Sachs Group Trading Up 5.7%

Shares of The Goldman Sachs Group stock opened at $981.97 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $582.50 and a 12-month high of $984.70. The stock has a market cap of $289.69 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.20 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The business’s 50 day moving average is $885.93 and its 200-day moving average is $882.40.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter in the prior year, the business posted $14.12 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GS. Bank of America cut 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. Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Finally, BNP Paribas Exane dropped their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $943.95.

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.