Miller Howard Investments Inc. NY Has $45.56 Million Holdings in The Goldman Sachs Group, Inc. $GS

Miller Howard Investments Inc. NY cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 53,857 shares of the investment management company’s stock after selling 953 shares during the period. Miller Howard Investments Inc. NY’s holdings in The Goldman Sachs Group were worth $45,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Acropolis Investment Management LLC raised its position in shares of The Goldman Sachs Group by 1.8% during the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock worth $554,000 after purchasing an additional 11 shares during the period. Walkner Condon Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock valued at $505,000 after purchasing an additional 11 shares during the period. Optas LLC grew its position in shares of The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after purchasing an additional 11 shares during the period. Pines Wealth Management LLC increased its stake in The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after purchasing an additional 11 shares in the last quarter. Finally, Welch & Forbes LLC increased its stake in The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after purchasing an additional 11 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs’ equities trading revenue is expected to exceed $5 billion, pointing to a potential record quarter and stronger-than-expected trading results. Goldman Equities Haul to Rip Past 5 Billion Toward New Record
• Positive Sentiment: A separate report also said Goldman Sachs’ equities trading revenue is set to top $5 billion, reinforcing optimism around the firm’s trading franchise. Goldman Sachs equities trading revenue set to top 5B report
• Positive Sentiment: JPMorgan reportedly lifted its price target on Goldman Sachs and expects a strong trading-driven quarter, adding to sentiment that earnings could surprise to the upside. JPMorgan lifts Goldman Sachs GS target expects strong trading driven quarter
• Neutral Sentiment: Goldman Sachs analysts and strategists were active in the news cycle, including comments on AI valuations, oil demand, and recession odds, but these headlines are more about Goldman’s market views than a direct driver of GS shares. Investor assumptions about the AI trade are starting to stretch reality Goldman Sachs says
• Neutral Sentiment: The company also disclosed stakes in Qiagen and exited a stake in Resolute Mining, but those filings are unlikely to move GS stock meaningfully on their own. Goldman Sachs discloses 3.28 stake in Qiagen via shares and derivatives
• Neutral Sentiment: Goldman Sachs’ recession-risk cut to 15% and its work-from-home-for-the-World-Cup coverage are more macro or corporate-news items than direct stock catalysts. Goldman cuts U.S. recession risk to 15 percent after Iran deal

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at $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 available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,681 shares of company stock worth $31,737,875 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Down 0.9%

NYSE GS opened at $1,096.33 on Wednesday. The stock has a market capitalization of $323.43 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.44 and a beta of 1.30. The stock’s 50 day moving average price is $987.12 and its two-hundred day moving average price is $924.38. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group, Inc. has a 52 week low of $653.23 and a 52 week high of $1,125.00.

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 business had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $14.12 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.6%. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Analyst Ratings Changes

A number of research analysts have weighed in on GS shares. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Morgan Stanley set a $900.00 price objective on shares of The Goldman Sachs Group in a research report on Friday, June 12th. CICC Research raised their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Finally, Dbs Bank upped their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $949.55.

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.