The Goldman Sachs Group, Inc. $GS Shares Purchased by Kera Capital Partners Inc.

Kera Capital Partners Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 95.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,419 shares of the investment management company’s stock after purchasing an additional 694 shares during the quarter. Kera Capital Partners Inc.’s holdings in The Goldman Sachs Group were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC raised its stake in The Goldman Sachs Group by 287.5% during the fourth 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 during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Cornerstone Financial Management LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth about $33,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the subject of a number of research reports. Rothschild & Co Redburn lifted their target price on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Dbs Bank raised their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. HSBC boosted their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Finally, Jefferies Financial Group lowered their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $941.82.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs crossed $1 trillion in M&A advisory volume year to date, the fastest pace ever for a bank, which points to a strong pipeline for investment banking and advisory fee growth. Goldman Tops $1 Trillion in M&A Deals, Fastest to Reach the Mark
• Positive Sentiment: That dealmaking milestone suggests Goldman Sachs could benefit from a broader rebound in capital markets activity and stronger fee income in coming quarters. GS Crosses $1T in M&A Deals: Catalyst for Advisory Fee Growth?
• Neutral Sentiment: Former Goldman Sachs executive Rob Kaplan said the Federal Reserve may need to raise rates as soon as September if inflation stays elevated, reinforcing expectations for a more hawkish rate backdrop that could influence bank trading and markets activity. Goldman’s Kaplan Says Fed May Need to Hike as Soon as September
• Neutral Sentiment: Goldman also warned that Big Tech’s massive AI spending could pressure returns on equity, a broader market view that may matter more for client sentiment than for GS’s own earnings. Goldman Sachs Warns Big Tech’s $770 Billion AI Spending Frenzy Could Backfire— Here’s Why
• Negative Sentiment: Bank stocks may face pressure if regulators tighten Basel capital rules, since banks are pushing for more relief amid concerns that tougher market-risk requirements could curb Treasury liquidity and raise trading capital needs. Banks Push for More Basel Relief Amid Treasury Liquidity Fears

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 0.0%

Shares of NYSE:GS opened at $1,099.46 on Friday. 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 company’s 50-day moving average price is $975.46 and its 200 day moving average price is $918.48. The company has a market cap of $324.35 billion, a PE ratio of 20.09, a P/E/G ratio of 1.41 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $630.01 and a fifty-two week high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 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 analysts’ expectations 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. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.6%. 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 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.