Orange Investment Advisors Inc. Sells 1,948 Shares of The Goldman Sachs Group, Inc. $GS

Orange Investment Advisors Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,301 shares of the investment management company’s stock after selling 1,948 shares during the period. Orange Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $5,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $25,000. Manning & Napier Advisors LLC grew its holdings in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. Entrust Financial LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $34,000. Finally, Graney & King LLC boosted its stake in shares of The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 17 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the sale, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,681 shares of company stock valued at $31,737,875 in the last three months. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Weiss Ratings downgraded The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Finally, HSBC boosted their price target on The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $943.95.

The Goldman Sachs Group Trading Up 0.7%

GS opened at $988.52 on Friday. The Goldman Sachs Group, Inc. has a one year low of $582.50 and a one year high of $999.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $291.62 billion, a PE ratio of 18.07, a P/E/G ratio of 1.27 and a beta of 1.28. The business’s 50 day moving average price is $889.04 and its 200 day moving average price is $883.81.

The Goldman Sachs Group (NYSE:GS) last released its quarterly 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 analysts’ expectations of $16.66 billion. During the same period in the prior year, the firm earned $14.12 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.8%. 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 was selected to lead SpaceX’s planned IPO, a marquee mandate that could generate significant fees and reinforce GS’s reputation as a top-tier investment bank. Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal
• Positive Sentiment: Multiple articles highlighted Goldman’s expanding role in capital markets, including stronger-than-expected investment banking results, broader alternatives financing activity, and the high-profile SpaceX deal, all of which support the bull case for GS. How SpaceX IPO Mandate and Alternatives Push At Goldman Sachs (GS) Has Changed Its Investment Story
• Positive Sentiment: Market commentary and analyst-related coverage continued to list Goldman Sachs as a favored financial-stock pick, adding to investor optimism around the shares. Nvidia, Alphabet, Delta Air And A Financial Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Goldman also appeared in several unrelated market stories, including oil and Iran headlines and conference announcements, which are not direct drivers of GS fundamentals. Iran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’
• Negative Sentiment: Goldman agreed to pay $500 million to settle a shareholder lawsuit tied to the 1MDB scandal, creating a legal-cost headwind and reminding investors of lingering litigation risk. Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

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.