The Goldman Sachs Group, Inc.

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The Goldman Sachs Group, Inc. stock analysis GS overview
Somewhat Bullish +35

Corient Private Wealth LLC Has $2.28 Billion Stock Position in The ...

📈 Corient Private Wealth LLC raised its GS holdings by 1,657.7% in Q4, adding 2.45 million shares to a total position of 2.6 million shares.

💰 The new Corient stake is valued at $2.28 billion and represents 1.2% of the firm's total investment portfolio.

📉 Zacks Research downgraded GS from 'strong-buy' to 'hold,' while BNP Paribas Exane lowered its price target to $940.

📈 Dbs Bank raised its price objective for GS shares from $890 to $1,050 in a recent report.

💵 Goldman Sachs declared a quarterly dividend of $4.50 per share with an ex-dividend date of June 1st.

📊 The stock currently trades at a P/E ratio of 20.09 and has a market capitalization of $324.35 billion.

🏦 Institutional investors hold 71.21% of the company's outstanding stock, indicating strong institutional interest.

📉 CFO Denis Coleman sold 6,857 shares worth $6.68 million, reducing his personal ownership by 18.08%.

📉 Insider Kathryn Ruemmler sold 14,292 shares worth $13.42 million, cutting her stake by nearly half.

📉 Total insider selling over the last three months reached 33,681 shares valued at approximately $31.74 million.

Bullish Signals
  • Corient Private Wealth LLC executed a massive 1,657.7% increase in its GS position, signaling strong institutional confidence in the stock.
  • Multiple other major investors including Robeco Institutional Asset Management B.V., Rathbones Group PLC, and Global Retirement Partners LLC increased their stakes during the recent quarters.
  • Dbs Bank raised its price target to $1,050, suggesting a bullish outlook on the company's future performance.
  • The company maintains a healthy dividend yield of 1.6% with an annualized payout of $18.00 per share.
  • Institutional ownership remains robust at 71.21%, providing stability to the stock price.
Risk Factors
  • Zacks Research downgraded GS from 'strong-buy' to 'hold,' reflecting concerns about recent performance or valuation.
  • BNP Paribas Exane reduced its price target from $970 to $940 and assigned a 'neutral' rating.
  • Wells Fargo & Company lowered its price objective from $1,050 to $1,000 despite maintaining an 'overweight' rating.
  • CFO Denis Coleman sold 6,857 shares worth $6.68 million, indicating a reduction in personal exposure.
  • Insider Kathryn Ruemmler sold 14,292 shares worth $13.42 million, representing a significant 47.72% decrease in her holdings.
  • The stock has experienced volatility with a 12-month low of $630.01 compared to a high of $1,125.00.
  • Analyst consensus is currently 'Hold' with an average target price of $941.82, which is below the recent trading price of $1,099.46.
Full Analysis
Corient Private Wealth LLC significantly increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1,657.7% during the fourth quarter, purchasing an additional 2,448,767 shares to hold a total of 2,596,487 shares valued at approximately $2.28 billion. This position now represents 1.2% of Corient's portfolio and ranks as its 16th largest holding. Other institutional investors also adjusted their positions, with Stevens Capital Management LP initiating a new stake worth $1.39 million, while Robeco Institutional Asset Management B.V., Rathbones Group PLC, Global Retirement Partners LLC, and Franklin Street Advisors Inc. NC all increased their holdings by varying percentages. Analyst sentiment regarding GS remains mixed, with an average rating of 'Hold' and a consensus target price of $941.82. Recent actions include Zacks Research downgrading the stock from 'strong-buy' to 'hold,' BNP Paribas Exane lowering its price target to $940, and Dbs Bank raising its objective to $1,050. Conversely, Wells Fargo & Company reduced its target to $1,000. The company recently declared a quarterly dividend of $4.50 per share, payable on June 29th to stockholders of record as of June 1st, resulting in an annualized yield of 1.6%. Insider trading activity shows net selling from top executives. CFO Denis P. Coleman sold 6,857 shares for approximately $6.68 million, reducing his ownership by 18.08%, while Kathryn H. Ruemmler sold 14,292 shares for about $13.42 million, a 47.72% decrease in her stake. Collectively, insiders have sold 33,681 shares worth roughly $31.74 million over the last three months. Financially, GS trades at a P/E ratio of 20.09 with a market cap of $324.35 billion, though its current and quick ratios stand at 0.63.