Nilsine Partners LLC Expands Investment in The Goldman Sachs Group, Inc.

Nilsine Partners LLC has significantly increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 56.6% during the fourth quarter, as reported in the company’s latest 13F filing with the SEC. After acquiring an additional 1,835 shares, Nilsine now holds a total of 5,079 shares of this prominent investment management firm. By the close of the latest quarter, their investment in Goldman Sachs was valued at approximately $2,908,000.

Growth of Hedge Fund Positions

Several other hedge funds have also made adjustments to their positions in The Goldman Sachs Group. For instance, Susquehanna Fundamental Investments LLC initiated a new position in the company during the second quarter, investing about $1,040,000. Another firm, Ascent Group LLC, increased its holding in Goldman Sachs by 34.0%, bringing its total shares to 1,477, valued at $668,000 after purchasing an additional 375 shares. Creative Planning expanded its stake by 6.7%, owning 74,446 shares worth approximately $33,674,000 after adding 4,661 shares. Additionally, Magnolia Capital Advisors LLC raised its ownership in Goldman Sachs by an impressive 159.8%, now holding 3,991 shares, which are valued at $1,805,000. NewEdge Advisors LLC also increased its stake by 25.8%, now owning 18,696 shares worth about $8,457,000. Currently, institutional investors control approximately 71.21% of the company's stock.

Market Performance Overview

As of Tuesday, The Goldman Sachs Group's stock opened at $632.13. The company boasts a market capitalization of $198.43 billion, with a PE ratio of 15.59, a P/E/G ratio of 0.88, and a beta of 1.38. Its current ratio and quick ratio both stand at 0.67, while the debt-to-equity ratio is 2.32. The stock has a 50-day moving average price of $591.21 and a 200-day moving average price of $536.52. Over the past year, the stock reached a low of $374.24 and a high of $645.54.

Recent Earnings Announcement

The Goldman Sachs Group showcased its strong financial performance in its latest earnings disclosure dated January 15th. The company reported earnings per share (EPS) of $11.95, surpassing the forecasted EPS of $8.21 by $3.74. During this quarter, Goldman Sachs achieved a net margin of 11.32% and a return on equity of 13.30%. The reported quarterly revenue reached $13.87 billion, exceeding the consensus estimate of $12.36 billion. This revenue figure represents a 22.5% increase from the same quarter last year, when the EPS was only $5.48. Looking ahead, analysts predict that The Goldman Sachs Group, Inc. will post an EPS of 46.81 for the current fiscal year.

Dividend Declaration

The company has also announced a forthcoming quarterly dividend, scheduled to be paid on March 28th. Shareholders on record as of February 28th will receive a dividend of $3.00 per share. The ex-dividend date is also set for February 28th. This dividend translates to an annualized figure of $12.00, yielding a return of 1.90%. Currently, the company's dividend payout ratio stands at 29.59%.

Insider Trading Activity

Recently, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group on January 21st at an average price of $624.67, totaling around $965,115. Following this sale, Halio now directly holds 8,192 shares valued at approximately $5,117,296. An insider, Kathryn H. Ruemmler, also sold 7,498 shares on the same day at an average price of $634.69, amounting to about $4,758,905.62. Post-sale, Ruemmler owns 9,589 shares valued approximately at $6,086,042. In total, insiders have sold 32,017 shares worth $19,655,538 over the past ninety days, retaining a collective ownership of 0.54% in the company.

Analyst Ratings and Price Targets

Multiple investment firms have provided insights on The Goldman Sachs Group's stock. For example, Wells Fargo & Company raised their price target from $600.00 to $680.00, categorizing it as “overweight.” Similarly, JPMorgan Chase & Co. adjusted their price objective from $550.00 to $605.00 while also giving an “overweight” rating. Barclays increased their target from $713.00 to $760.00 with an “overweight” recommendation. UBS Group upgraded their objective from $610.00 to $640.00, assigning a “neutral” rating. On the other hand, Citigroup adjusted their target from $485.00 to $585.00, also maintaining a “neutral” stance. Currently, according to MarketBeat, The Goldman Sachs Group holds a consensus rating of “Moderate Buy” from both analysts and the stock and has a consensus price target of $591.06.

About The Goldman Sachs Group

Founded as a financial institution, The Goldman Sachs Group, Inc. provides various financial services to corporations, institutions, governments, and individuals globally. It operates through three primary segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment offers advisory services related to mergers, acquisitions, and corporate restructurings, in addition to lending services and structured financing solutions.

investment, stock, finance