The Goldman Sachs Group, Inc. $GS Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 85,820 shares of the investment management company’s stock after buying an additional 6,192 shares during the period. Kestra Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $72,603,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GS shares. Jefferies Financial Group dropped their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research report on Monday, April 6th. UBS Group increased their price target on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective 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. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Finally, Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $986.91.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group 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 completion of the sale, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock valued at $31,737,875 in the last three months. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 2.5%

NYSE GS opened at $1,055.35 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $691.30 and a 52 week high of $1,125.00. The firm has a 50 day moving average of $1,014.98 and a two-hundred day moving average of $937.81. 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 stock has a market capitalization of $311.34 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30.

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 for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the business earned $14.12 EPS. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were paid a $4.50 dividend. The ex-dividend date was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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 announced a major expansion of its retirement and asset-management business, securing roughly $70 billion in retirement plan mandates from Verizon and Lockheed Martin, which expands its outsourced CIO platform and highlights strong institutional demand. Goldman Sachs Secures Massive $70B Retirement Plan Contracts from Verizon and Lockheed Martin
• Positive Sentiment: News that Goldman Sachs is pursuing a large private-markets opportunity and targeting $750 billion in alternative assets under supervision by 2030 supports the long-term growth narrative for its asset and wealth management franchise. Goldman Sachs Sees a $2 Trillion Opportunity in Private Markets
• Positive Sentiment: Several reports highlighted Goldman Sachs as a stock worth watching ahead of Q2 earnings, with commentary pointing to earnings growth, price strength, and generally constructive analyst sentiment. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Neutral Sentiment: Goldman Sachs reportedly tightened internal compliance rules by limiting staff access to prediction markets such as Kalshi and Polymarket, a policy move that is unlikely to materially change fundamentals but reflects a cautious stance toward regulatory risk. Goldman Sachs limits prediction market betting for employees
• Negative Sentiment: Some market commentary remains cautious on banks ahead of earnings, noting that parts of the sector may already be priced for perfection, which could limit upside if results disappoint. A Downgrade Wave Says Bank Stocks Are Priced for Perfection Ahead of Q2 Earnings. Here’s the Bear Case.

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.