Lmcg Investments LLC Trims Stock Position in The Goldman Sachs Group, Inc. $GS

Lmcg Investments LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 20.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,272 shares of the investment management company’s stock after selling 8,505 shares during the period. The Goldman Sachs Group accounts for approximately 1.7% of Lmcg Investments LLC’s portfolio, making the stock its 12th largest position. Lmcg Investments LLC’s holdings in The Goldman Sachs Group were worth $28,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC lifted its stake in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Oppenheimer cut shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Rothschild & Co Redburn lifted their price objective on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. CICC Research upped their target price on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, UBS Group increased their target price on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $986.91.

Insider Activity

In other news, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of 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 SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock worth $31,737,875 in the last three months. 0.55% of the stock is currently owned by company insiders.

More The Goldman Sachs Group News

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

• Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,150 and kept a buy rating, signaling confidence in upside from current levels.
• Positive Sentiment: UBS also lifted its target on GS to $1,120, suggesting analysts still see room for the stock to appreciate.
• Positive Sentiment: Multiple earnings previews pointed to growth in Goldman Sachs’ upcoming results, with analysts expecting the firm to benefit from stronger trading activity and dealmaking across Wall Street.
• Positive Sentiment: Reuters reported that a surge in trading activity, helped by the SpaceX IPO, could lift second-quarter earnings at major Wall Street banks, including Goldman Sachs.
• Neutral Sentiment: Goldman Sachs’ own strategists said the market’s “HALO trade” is entering a tougher phase where earnings performance matters more, which may be prompting a more cautious tone across equities.
• Neutral Sentiment: Several articles highlighted Goldman Sachs research on other assets and companies, including bullish calls on Nvidia and Meta and a bearish take on gold; these reinforce the firm’s market influence but do not directly change GS fundamentals.
• Negative Sentiment: GS has been cited in headlines about rising leverage in the market and hedge funds trimming riskier exposures, which can contribute to a more cautious trading backdrop for financial stocks.
• Negative Sentiment: A Zacks note said Goldman Sachs dipped more than the broader market in the latest session, indicating near-term selling pressure and weaker relative performance.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,041.95 on Wednesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $307.39 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The firm’s fifty day moving average price is $1,010.57 and its 200 day moving average price is $935.60. The Goldman Sachs Group, Inc. has a 1-year low of $691.30 and a 1-year high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 net margin of 14.13% and a return on equity of 16.53%. The company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the prior year, the firm earned $14.12 EPS. The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were given a $4.50 dividend. The ex-dividend date was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

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.