Cardano Risk Management B.V. Buys New Stake in The Goldman Sachs Group, Inc. $GS

Cardano Risk Management B.V. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, HoldingsChannel.com reports. The fund purchased 116,003 shares of the investment management company’s stock, valued at approximately $98,137,000.

Several other hedge funds have also bought and sold shares of the stock. Norway Savings Bank grew its position in shares of The Goldman Sachs Group by 2.6% during the first quarter. Norway Savings Bank now owns 3,449 shares of the investment management company’s stock valued at $2,918,000 after purchasing an additional 88 shares in the last quarter. Park Edge Advisors LLC lifted its position in shares of The Goldman Sachs Group by 24.0% in the first quarter. Park Edge Advisors LLC now owns 1,767 shares of the investment management company’s stock worth $1,495,000 after buying an additional 342 shares in the last quarter. Cardinal Point Capital Management ULC lifted its position in shares of The Goldman Sachs Group by 18.1% in the first quarter. Cardinal Point Capital Management ULC now owns 1,414 shares of the investment management company’s stock worth $1,196,000 after buying an additional 217 shares in the last quarter. Ritholtz Wealth Management boosted its stake in The Goldman Sachs Group by 5.0% during the first quarter. Ritholtz Wealth Management now owns 11,257 shares of the investment management company’s stock valued at $9,523,000 after buying an additional 538 shares during the last quarter. Finally, Breakwater Capital Group boosted its stake in The Goldman Sachs Group by 22.0% during the first quarter. Breakwater Capital Group now owns 1,027 shares of the investment management company’s stock valued at $869,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 1.6%

GS stock opened at $1,076.59 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $660.78 and a twelve month high of $1,125.00. The stock has a market capitalization of $317.60 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. 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 firm’s fifty day simple moving average is $990.84 and its two-hundred day simple moving average is $926.07.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same quarter last year, the business earned $14.12 EPS. The business’s revenue was up 14.4% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 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 raised its dividend after a strong Fed review, signaling confidence in its capital position and earnings durability. Goldman Sachs Increases Dividend After Strong Fed Review
• Positive Sentiment: Wells Fargo boosted its price target on GS to $1,195 from $1,000 and kept an overweight rating, which may be supporting sentiment. Wells Fargo raises price target on Goldman Sachs
• Positive Sentiment: Analysts also highlighted strong equities trading momentum, with Goldman’s trading revenue expected to top $5 billion again in Q2, reinforcing optimism about near-term results. Goldman’s Equities Trading Momentum Points to Another Strong Quarter
• Neutral Sentiment: Goldman’s alternatives arm led a $110 million Series C for AI firm Taktile, underscoring its push into AI-linked financial infrastructure and private-market investing. Taktile Secures $110M in Goldman Sachs-led Series C to Power AI Transformation in Financial Institutions
• Neutral Sentiment: Commentary around Goldman’s rate outlook and AI strategy may be influencing trading, but these items are more thematic than company-specific catalysts. The AI market has become a ‘rubber band’ — the question now is how far it can stretch, says Goldman strategist
• Negative Sentiment: Despite the upbeat capital-return news and analyst upgrades, the stock has slipped as investors appear to be taking profits and focusing on broader market volatility. Goldman Sachs stock slips despite reports of strong equity activity

Insider Activity

In other 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 transaction, the insider owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction that occurred on 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 represents a 47.72% 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 worth $31,737,875 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley set a $900.00 price objective on The Goldman Sachs Group in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Bank of America cut their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. CICC Research boosted their price target on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, HSBC upped their price target on shares of 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 given 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 $958.41.

About The Goldman Sachs Group

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.