Key Points
- CFO Denis Coleman sold 6,857 Goldman Sachs shares on May 14 at an average price of $973.55, totaling about $6.68 million. After the sale, he still held 31,070 shares, reducing his position by 18.08%.
- Goldman Sachs reported strong first-quarter results, with EPS of $17.55 topping estimates of $15.92 and revenue of $17.23 billion exceeding forecasts. Revenue rose 14.4% year over year, and analysts expect full-year EPS of 59.53.
- The company announced a quarterly dividend of $4.50 per share, payable June 29 to shareholders of record on June 1. That works out to an annualized dividend of $18.00 per share and a yield of 1.9%.
The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) CFO Denis Coleman sold 6,857 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
The Goldman Sachs Group Trading Down 0.3%
NYSE:GS opened at $945.40 on Tuesday. 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 business's 50 day moving average is $880.81 and its two-hundred day moving average is $880.02. The Goldman Sachs Group, Inc. has a 52 week low of $582.50 and a 52 week high of $984.70. The company has a market cap of $278.90 billion, a PE ratio of 17.28, a P/E/G ratio of 1.22 and a beta of 1.28.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping analysts' consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter last year, the business posted $14.12 EPS. The Goldman Sachs Group's quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 32.89%.
The Goldman Sachs Group News Roundup
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs reported a strong rebound in investment banking fees, which climbed 48% in the first quarter, suggesting improved deal activity and better revenue prospects for the firm. Article Title
- Positive Sentiment: Goldman’s market commentary has been constructive on AI-related themes, with the firm saying AI and hyperscaler stocks are becoming a “defensive” trade as investors look for growth exposure, reinforcing Goldman’s relevance in a leading market trend. Article Title
- Positive Sentiment: The firm said central banks are likely to increase gold buying, which could support commodity prices and reflects Goldman’s market influence in a key macro theme. Article Title
- Neutral Sentiment: CFO Denis P. Coleman sold 6,857 shares in a disclosed transaction, but the sale was only a partial reduction in his holdings and does not by itself signal a change in the company’s fundamentals. Article Title
- Neutral Sentiment: Goldman also disclosed portfolio changes in crypto-related holdings, including exits from XRP and Solana ETF exposure and a new position tied to Hyperliquid, which looks more like a portfolio rebalance than a direct earnings driver for GS shares. Article Title
Wall Street Analyst Weigh In
GS has been the topic of a number of research analyst reports. Evercore reduced their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a report on Monday, April 6th. BNP Paribas Exane reduced their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. Dbs Bank increased their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Bank of America cut their price target on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Finally, Wells Fargo & Company cut their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating on the stock in a report on Monday, April 13th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $942.24.
Read Our Latest Stock Analysis on GS
Institutional Trading of The Goldman Sachs Group
Several hedge funds have recently made changes to their positions in GS. Norges Bank bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $2,515,830,000. Corient Private Wealth LLC raised its stake in The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock valued at $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the 1st quarter valued at $2,024,921,000. Wellington Management Group LLP raised its stake in The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company's stock valued at $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company's stock valued at $488,947,000 after acquiring an additional 450,984 shares in the last quarter. Institutional investors own 71.21% of the company's stock.
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.
Further Reading
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