Key Points
- Treasurer Carey Halio sold 1,757 shares at an average price of $920.62 for a total of $1,617,529.34, reducing her holding by 26.54% to 4,863 shares; the transaction was disclosed in an SEC filing.
- Goldman Sachs beat Q4 expectations with EPS of $13.55 (vs. $11.52 est.) and revenue of $15.71 billion (vs. $14.30 billion est.), though revenue was down 3% year-over-year.
- Dividend increased to $4.50 per quarter (annualized $18.00, yield ~1.9%; ex-dividend March 2), while analysts have issued mixed upgrades and institutional ownership remains high at about 71.2%.
The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) Treasurer Carey Halio sold 1,757 shares of the firm's stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $920.62, for a total transaction of $1,617,529.34. Following the transaction, the treasurer owned 4,863 shares of the company's stock, valued at approximately $4,476,975.06. The trade was a 26.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
The Goldman Sachs Group Trading Down 0.3%
NYSE:GS opened at $929.34 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The firm's fifty day moving average is $888.46 and its 200-day moving average is $805.03. The firm has a market cap of $278.74 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.14 and a beta of 1.33.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The Goldman Sachs Group's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.95 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.
The Goldman Sachs Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.00. The Goldman Sachs Group's dividend payout ratio is currently 35.09%.
The Goldman Sachs Group News Roundup
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs promoted seven partners into its management/leadership group, signaling organizational depth and stronger management bench that can support growth across wealth, asset management and investment banking. Goldman Sachs Adds Seven Partners to Top Leadership Group
- Positive Sentiment: RBC Capital labeled GS a “preeminent global investment bank,” which supports valuation and analyst sentiment around GS’s franchise strength. RBC Capital—Preeminent Global Investment Bank
- Positive Sentiment: Coverage and corporate actions: Goldman Sachs BDC priced a $400M notes offering — shows activity in its credit/BDC unit and access to capital for deployments. Also covered in media: GS and peers have been part of recent dividend-raise conversations. GS BDC Prices $400M Notes Offering
- Neutral Sentiment: GS research is active and visible: the firm is publishing views on metals (why gold is rising; silver outlook) and macro risk appetite (saying investor appetite for risk is at a multi-year high). These items underline trading/research revenue exposure but are indirect drivers of the stock. Why Gold Prices Are Rising — Goldman Sachs View
- Neutral Sentiment: Goldman also published outlooks on silver volatility and reiterated thematic research (including a reaffirmation of preference for Nvidia within AI compute), which highlights the strength of its equity research but has mixed near-term P&L implications. Why Silver Prices Are Down — Goldman Sachs Predicts
- Negative Sentiment: Insider selling: multiple senior insiders disclosed sizable share sales (treasurer Carey Halio, CAO Sheara Fredman and Kathryn Ruemmler among others) last week, each reducing their positions substantially — a near-term negative for sentiment given scale and timing. Insider Sale SEC Filing (example)
Institutional Investors Weigh In On The Goldman Sachs Group
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its stake in The Goldman Sachs Group by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company's stock valued at $5,304,824,000 after purchasing an additional 121,676 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company's stock valued at $2,392,124,000 after purchasing an additional 157,473 shares in the last quarter. Norges Bank purchased a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $2,138,031,000. Invesco Ltd. raised its position in The Goldman Sachs Group by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company's stock valued at $2,319,905,000 after buying an additional 97,387 shares during the last quarter. Finally, Legal & General Group Plc raised its position in The Goldman Sachs Group by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company's stock valued at $1,680,393,000 after buying an additional 28,642 shares during the last quarter. 71.21% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on GS. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an "overweight" rating in a report on Thursday, January 15th. Barclays boosted their target price on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. BNP Paribas Exane raised their price target on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a "neutral" rating in a report on Friday, January 16th. Dbs Bank upped their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, November 13th. Finally, Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a "market perform" rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $898.00.
View Our Latest Research Report on GS
The Goldman Sachs Group Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
