Public Employees Retirement System of Ohio Raises Stock Position in The Goldman Sachs Group, Inc. $GS

Public Employees Retirement System of Ohio lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 123,608 shares of the investment management company’s stock after buying an additional 1,625 shares during the period. Public Employees Retirement System of Ohio’s holdings in The Goldman Sachs Group were worth $104,571,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after acquiring an additional 735 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after acquiring an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC increased its position in shares of The Goldman Sachs Group by 22.2% during the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after acquiring an additional 391 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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.

Insider Activity

In related news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,450 shares of company stock worth $29,668,201. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,074.56 on Friday. 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 firm has a fifty day moving average price of $1,045.13 and a 200 day moving average price of $951.16. The company has a market cap of $317.00 billion, a P/E ratio of 16.59, a PEG ratio of 1.11 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $694.05 and a 12 month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the prior year, the company posted $10.91 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 1st. 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 currently 27.78%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GS shares. CICC Research lifted their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. BMO Capital Markets upped their price target on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Dbs Bank lifted their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,061.43.

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.