Busey Bank increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,091 shares of the investment management company’s stock after acquiring an additional 1,167 shares during the period. The Goldman Sachs Group comprises 0.9% of Busey Bank’s investment portfolio, making the stock its 28th biggest position. Busey Bank’s holdings in The Goldman Sachs Group were worth $32,225,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GS. Collaborative Fund Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $715,000. Nvest Financial LLC increased its stake in The Goldman Sachs Group by 30.4% during the 1st quarter. Nvest Financial LLC now owns 837 shares of the investment management company’s stock worth $708,000 after buying an additional 195 shares during the period. Kathmere Capital Management LLC increased its stake in The Goldman Sachs Group by 71.8% during the 1st quarter. Kathmere Capital Management LLC now owns 3,554 shares of the investment management company’s stock worth $3,007,000 after buying an additional 1,485 shares during the period. Dividend Assets Capital LLC lifted its holdings in The Goldman Sachs Group by 16.1% during the 1st quarter. Dividend Assets Capital LLC now owns 10,803 shares of the investment management company’s stock worth $9,139,000 after buying an additional 1,500 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in The Goldman Sachs Group by 6.7% during the 1st quarter. Stephens Inc. AR now owns 81,322 shares of the investment management company’s stock worth $68,798,000 after buying an additional 5,080 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting The Goldman Sachs Group
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
Analyst Ratings Changes
View Our Latest Stock Report on The Goldman Sachs Group
The Goldman Sachs Group Price Performance
GS stock opened at $1,022.00 on Monday. The business has a 50 day moving average price of $1,005.83 and a 200 day moving average price of $933.17. 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 stock has a market cap of $301.50 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.32 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $691.30 and a fifty-two week high of $1,125.00.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating 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 company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same period in the prior year, the firm posted $14.12 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 60.18 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were issued a $4.50 dividend. The ex-dividend date was Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.
Insider Activity at The Goldman Sachs Group
In related news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction 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 transaction, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. 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. Corporate insiders own 0.55% of the company’s stock.
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.
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