Keybank National Association OH Buys 5,849 Shares of The Goldman Sachs Group, Inc. $GS

Keybank National Association OH grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 43.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,331 shares of the investment management company’s stock after acquiring an additional 5,849 shares during the quarter. Keybank National Association OH’s holdings in The Goldman Sachs Group were worth $16,354,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Dagco Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter worth about $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC grew its holdings in shares of 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 valued at $27,000 after buying an additional 23 shares during the last quarter. Steph & Co. bought a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $27,000. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $29,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group News Summary

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

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction dated 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 transaction, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 0.1%

Shares of The Goldman Sachs Group stock opened at $1,022.00 on Friday. The company has a market cap of $301.50 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The company’s 50 day moving average is $1,005.83 and its 200 day moving average is $932.87. The Goldman Sachs Group, Inc. has a twelve month low of $691.30 and a twelve month high of $1,125.00. 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 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 analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $14.12 EPS. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

Analyst Ratings Changes

Several research firms recently issued reports on GS. CICC Research upped their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Morgan Stanley lifted their target price on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $972.00 to $1,070.00 and gave the stock a “market perform” rating in a research note on Monday, June 29th. Jefferies Financial Group lowered their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Daiwa Securities Group increased their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $974.18.

The Goldman Sachs Group 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.