Rhumbline Advisers Sells 20,008 Shares of The Goldman Sachs Group, Inc. $GS

Rhumbline Advisers lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,619 shares of the investment management company’s stock after selling 20,008 shares during the period. Rhumbline Advisers owned about 0.18% of The Goldman Sachs Group worth $422,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Gilliland Jeter Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 3.5% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 13 shares in the last quarter. EWA LLC boosted its holdings in The Goldman Sachs Group by 2.2% in the third quarter. EWA LLC now owns 612 shares of the investment management company’s stock valued at $488,000 after acquiring an additional 13 shares in the last quarter. Carrera Capital Advisors increased its position in The Goldman Sachs Group by 3.5% during the 3rd quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 13 shares during the period. Centerpoint Advisors LLC increased its position in The Goldman Sachs Group by 1.5% during the 3rd quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock valued at $687,000 after purchasing an additional 13 shares during the period. Finally, Avion Wealth raised its holdings in The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GS shares. Royal Bank Of Canada lifted their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a report on Friday, January 16th. Finally, Dbs Bank raised their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $916.86.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $948.40 on Wednesday. The company has a 50 day simple moving average of $914.60 and a two-hundred day simple moving average of $820.58. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The company has a market capitalization of $284.45 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the previous year, the firm posted $11.95 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 31.20%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman says financial sponsors may boost dealmaking activity, which supports higher investment-banking fees and M&A advisory pipelines. Goldman Sachs CEO says financial sponsors may boost dealmaking activity
• Positive Sentiment: Goldman forecasts a surge in U.S. IPO activity (projected ~$160B), implying meaningful underwriting and fees if the market materializes. Goldman Sachs (GS) Forecasts U.S. IPO Market Will Hit a Record $160 Billion This Year
• Positive Sentiment: Goldman arranged up to $1B acquisition financing for Presidio — a concrete fee opportunity for its financing/syndication business. Presidio Announces Proposed $1 Billion Acquisition Financing Facility with Goldman Sachs
• Positive Sentiment: CEO David Solomon publicly framed near-term weakness in software as “too broad” and said certain populist policies could aid growth — comments that aim to steady markets and support investment-banking and trading sentiment. Goldman Sachs CEO Solomon calls software rout ‘too broad’ Goldman Sachs CEO says Trump’s populist policies should aid growth
• Neutral Sentiment: Reports about a reported $153M XRP exposure tied to Goldman were overread — filings point to exposure in existing trust products (not approved U.S. spot ETFs); generates headlines but appears not to represent a new, material franchise shift for GS. Is Goldman Sachs’ $153M XRP Exposure a Bull Signal for XRP, or Will $LIQUID Take Over?
• Neutral Sentiment: Goldman’s research note finding Russia’s crude exports broadly stable despite sanctions is market intelligence that may influence commodity-trading strategies but is not a direct earnings driver for GS in the near term. Russia’s Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
• Negative Sentiment: SEC filings and coverage show Goldman is actively adjusting crypto/ETF exposures (rebalancing after initial ETF accumulation) — such active management can signal short-term profit-taking and create trading volatility. Goldman Sachs Adjusts Bitcoin ETF Holdings as New Security Narratives Emerge

Insider Activity

In related news, Director David A. Viniar sold 45,000 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the sale, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. This represents a 7.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 272 shares of The Goldman Sachs Group stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the transaction, the chief executive officer directly owned 125,527 shares of the company’s stock, valued at $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 87,513 shares of company stock valued at $83,718,401. 0.55% of the stock is currently owned by 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.