The Goldman Sachs Group, Inc. $GS Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,504 shares of the investment management company’s stock after selling 1,087 shares during the period. Meitav Investment House Ltd.’s holdings in The Goldman Sachs Group were worth $9,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dagco Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter worth $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $26,000. Manning & Napier Advisors LLC grew its stake in shares of 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 in the last quarter. Steph & Co. purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $27,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.2%

Shares of NYSE:GS traded down $12.43 on Tuesday, hitting $1,042.86. 439,209 shares of the company’s stock were exchanged, compared to its average volume of 2,298,641. The Goldman Sachs Group, Inc. has a 1-year low of $691.30 and a 1-year high of $1,125.00. The company has a market capitalization of $307.65 billion, a PE ratio of 19.09, a P/E/G ratio of 1.32 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50-day moving average is $1,005.83 and its 200 day moving average is $933.17.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $14.12 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 60.18 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Daiwa Securities Group raised their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. HSBC boosted their price target on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Citigroup increased their price target on shares of The Goldman Sachs Group from $930.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Finally, Bank of America upped their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $986.91.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $929.17, for a total value 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. The trade was a 61.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,681 shares of company stock valued at $31,737,875 over the last quarter. 0.55% of the stock is owned by insiders.

Key Stories Impacting The Goldman Sachs Group

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 from $1,050 and kept a buy rating, signaling confidence in further upside.
• Positive Sentiment: UBS also boosted its target to $1,120 from $940, reflecting a more constructive view on the stock ahead of earnings.
• Positive Sentiment: Analysts expect Goldman Sachs to post year-over-year earnings growth in its upcoming report, with commentary pointing to a high likelihood of an earnings beat.
• Positive Sentiment: Reuters reported that a strong quarter for Wall Street banks could be driven by higher trading revenue and advisory fees, including a boost from the SpaceX IPO and healthier M&A activity.
• Positive Sentiment: Goldman Sachs’ expanding role in EMEA M&A advisory underscores improving dealmaking trends that could support investment-banking revenue. Article Title
• Neutral Sentiment: Goldman Sachs is also in the news for market commentary and stock-picking calls on other companies, which is more about the firm’s research activity than a direct driver of GS earnings.
• Neutral Sentiment: The company’s hiring and technology-investment updates may help long-term efficiency, but they are not likely to move the stock much on their own.
• Negative Sentiment: Broader market weakness ahead of earnings season and some hedge-fund de-risking in tech and industrials may temper risk appetite for financial stocks in the near term.

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.