EHP Funds Inc. Takes $1.15 Million Position in The Goldman Sachs Group, Inc. $GS

EHP Funds Inc. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,445 shares of the investment management company’s stock, valued at approximately $1,151,000. The Goldman Sachs Group makes up approximately 1.0% of EHP Funds Inc.’s investment portfolio, making the stock its 17th biggest holding.

Several other large investors have also recently bought and sold shares of GS. Harbor Capital Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $26,000. First PREMIER Bank purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $28,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $29,000. Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $31,000. Finally, Elevation Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Jefferies Financial Group lifted their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Argus upped their price target on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. Finally, Royal Bank Of Canada lifted their price objective on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $919.29.

Insider Activity

In related news, CEO David M. Solomon sold 272 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the sale, the chief executive officer owned 125,527 shares of the company’s stock, valued at $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 117,283 shares of company stock worth $112,016,033 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $781.99 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The stock has a market cap of $232.06 billion, a P/E ratio of 15.25, a PEG ratio of 0.96 and a beta of 1.34. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The company has a 50-day moving average of $910.83 and a two-hundred day moving average of $843.02.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the business earned $11.95 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s payout ratio is currently 35.09%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman highlights that the current energy supply shock should spur investment in grid infrastructure and storage — a potential source of advisory, underwriting and asset-management fees for GS. Current energy supply shock will drive investment into grid infrastructure and storage solutions: GS
• Positive Sentiment: Several pieces note GS is deeply oversold technically and that analysts remain constructive (recent price-targets above current levels), which could support a relief rally if markets stabilize or capital-markets activity picks up. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold
• Neutral Sentiment: Governance update — board member Lakshmi Mittal announced retirement. Routine board turnover can be relevant for long-term governance but is unlikely to drive immediate price action. Goldman Sachs Announces Retirement of Board Member Mittal
• Neutral Sentiment: Goldman trimmed a derivative-based stake in Siemens Energy to just under 5% — a portfolio move that signals repositioning but is not a major earnings driver for GS itself. Goldman Sachs Trims Derivative-Based Stake in Siemens Energy to Just Under 5%
• Negative Sentiment: Immediate sell pressure was linked to investor worries about the stability of the private credit market after a key bank announcement — contagion concerns in private markets tend to hit large universal banks and asset managers. Why Goldman Sachs (GS) Shares Are Sliding Today
• Negative Sentiment: Goldman’s elevated oil-price forecasts and widespread supply-shock commentary (Brent near $100+ forecasts and warning of much higher spikes) have helped push Treasury yields and a risk-off tone — that environment has weighed on financials and contributed to GS’s intraday weakness. Goldman Sachs forecasts oil at $100 a barrel for March
• Negative Sentiment: Macroeconomic outlook shifts — Goldman pushed back its Fed rate-cut timeline (now expecting cuts later in the year), which, together with oil-driven inflation risk, is keeping markets cautious and depressing risk assets including bank stocks. Goldman now sees first Fed rate cut in September, not June

The Goldman Sachs Group 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.