Hartford Funds Management Co LLC Increases Holdings in The Goldman Sachs Group, Inc. $GS

Hartford Funds Management Co LLC grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 93.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,201 shares of the investment management company’s stock after purchasing an additional 1,064 shares during the period. Hartford Funds Management Co LLC’s holdings in The Goldman Sachs Group were worth $1,937,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. A4 Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth about $940,000. Stevens Capital Management LP purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth about $1,392,000. Meridian Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 39.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares during the last quarter. AlTi Global Inc. lifted its holdings in shares of The Goldman Sachs Group by 87.3% in the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after purchasing an additional 13,879 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of The Goldman Sachs Group by 3.1% in the 3rd quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock valued at $530,205,000 after purchasing an additional 19,796 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about The Goldman Sachs Group

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

The Goldman Sachs Group Stock Down 0.3%

GS opened at $945.40 on Tuesday. The business has a 50 day moving average price of $880.81 and a two-hundred day moving average price of $880.02. 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 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, Inc. has a 52 week low of $582.50 and a 52 week high of $984.70.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $14.12 EPS. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GS. Jefferies Financial Group reduced their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a report on Monday, April 6th. UBS Group boosted their target price on The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. Citigroup boosted their target price on The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, BNP Paribas Exane reduced their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $942.24.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This represents a 30.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’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 sale, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,681 shares of company stock valued at $31,737,875 in the last quarter. 0.55% of the stock is currently owned by insiders.

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.