Steigerwald Gordon & Koch Inc. increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 826.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,014 shares of the investment management company’s stock after purchasing an additional 4,473 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in The Goldman Sachs Group were worth $4,242,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in GS. Raleigh Capital Management Inc. boosted its position in The Goldman Sachs Group by 21.4% during the first quarter. Raleigh Capital Management Inc. now owns 715 shares of the investment management company’s stock valued at $605,000 after buying an additional 126 shares during the period. GM Advisory Group LLC grew its stake in shares of The Goldman Sachs Group by 26.5% during the first quarter. GM Advisory Group LLC now owns 5,566 shares of the investment management company’s stock valued at $4,709,000 after buying an additional 1,167 shares during the last quarter. Pennsylvania Capital Management Inc. ADV increased its holdings in shares of The Goldman Sachs Group by 18.7% in the first quarter. Pennsylvania Capital Management Inc. ADV now owns 362 shares of the investment management company’s stock worth $306,000 after buying an additional 57 shares during the period. K.J. Harrison & Partners Inc lifted its stake in shares of The Goldman Sachs Group by 27.4% in the 1st quarter. K.J. Harrison & Partners Inc now owns 13,031 shares of the investment management company’s stock valued at $11,024,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Kepler Cheuvreux Suisse SA lifted its stake in shares of The Goldman Sachs Group by 17.7% in the 1st quarter. Kepler Cheuvreux Suisse SA now owns 1,513 shares of the investment management company’s stock valued at $1,280,000 after acquiring an additional 228 shares during the last quarter. 71.21% of the stock is owned by institutional investors.
Key Headlines Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs’ private credit fund reportedly continued to avoid meaningful redemption pressure, which supports confidence in one of the firm’s growing asset-management businesses. Redemption Pressures Remain Low at This Goldman Private Credit Fund
- Positive Sentiment: Goldman’s economists said AI could displace about 9% of the U.S. workforce, reinforcing the bank’s visibility on a major macro trend and keeping Goldman in the middle of market conversation. AI Will Displace 9% of the U.S. Workforce, Warns Goldman Economist
- Positive Sentiment: Goldman’s top strategist said investors are rotating within equities, with Europe and non-mega-cap areas holding up well, suggesting the firm remains influential on current portfolio positioning. Goldman’s Top Strategist Says Europe Is Quietly Keeping Pace With the S&P 500
- Neutral Sentiment: Goldman disclosed a derivative-based 2.9% stake and a 3.65% voting interest in Qiagen, but this appears to be a portfolio disclosure rather than a direct catalyst for GS shares. Goldman Sachs reports 2.9% stake in Qiagen via derivatives
- Neutral Sentiment: Financial stocks were broadly higher in late trading, which likely provided a sector tailwind for Goldman Sachs rather than a company-specific move. Sector Update: Financial Stocks Advance Late Afternoon
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on GS
The Goldman Sachs Group Stock Performance
The Goldman Sachs Group stock opened at $1,022.00 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The firm has a market cap of $301.50 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.32 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1-year low of $691.30 and a 1-year high of $1,125.00. The firm has a 50-day moving average of $1,005.83 and a 200-day moving average of $932.87.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The company had revenue of $17.23 billion for 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 Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $14.12 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 60.18 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were paid a dividend of $4.50 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s payout ratio is 32.89%.
Insiders Place Their Bets
In related news, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last three months. 0.55% of the stock is currently owned by corporate insiders.
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.
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