Liberty One Investment Management LLC Boosts Position in The Goldman Sachs Group, Inc. $GS

Liberty One Investment Management LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 30.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,522 shares of the investment management company’s stock after acquiring an additional 1,749 shares during the quarter. Liberty One Investment Management LLC’s holdings in The Goldman Sachs Group were worth $6,364,000 as of its most recent filing with the Securities & Exchange Commission.

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

The Goldman Sachs Group Trading Down 2.2%

The Goldman Sachs Group stock opened at $1,074.56 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $694.05 and a 12 month high of $1,153.99. The company has a market capitalization of $317.00 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.30. The business’s fifty day simple moving average is $1,045.13 and its two-hundred day simple moving average is $951.16. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 2.83.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The company’s revenue was up 39.4% on a year-over-year basis. During the same period last year, the company earned $10.91 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 68.83 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GS shares. Rothschild & Co Redburn raised their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. HSBC increased their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,061.43.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs posted record quarterly earnings per share of $20.98, with strong revenue and profit growth that reinforced the company’s earnings momentum and supported the stock’s valuation. David Solomon’s Goldman Sachs Just Posted a Record $20.98 in Quarterly Earnings Per Share. Here’s What Powered It.
• Positive Sentiment: Management is backing the Senate’s CLARITY Act for crypto market structure, which could help Goldman’s digital asset and trading businesses by creating clearer rules and a more favorable operating framework. Goldman Sachs CEO Supports Senate CLARITY Act Despite Industry Doubts
• Positive Sentiment: Several market commentary pieces highlighted Goldman Sachs as a strong momentum and long-term stock, which may be adding to bullish sentiment around the shares. Goldman Sachs (GS) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Goldman launched a private markets platform for wealthy clients, expanding its alternatives offering and potentially opening a new fee-generating growth avenue. Goldman Sachs backs surprising non-AI stocks
• Neutral Sentiment: Recent articles about oil prices, portfolio positioning, and analyst notes mainly reflect Goldman Sachs’ market influence and research activity, but they are less directly tied to GS’s own earnings or fundamentals.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. The trade was a 61.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction 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 completion of the sale, the insider directly owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 31,450 shares of company stock valued at $29,668,201. Insiders own 0.55% of the company’s stock.

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.