Rep. Josh Gottheimer Sells The Goldman Sachs Group, Inc. (NYSE:GS) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of The Goldman Sachs Group, Inc. NYSE: GS. In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in The Goldman Sachs Group stock on February 28th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Block NYSE: XYZ on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 2/25/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/24/2025.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $8.13 on Friday, hitting $559.55. The company's stock had a trading volume of 4,069,475 shares, compared to its average volume of 2,704,592. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The stock's 50-day moving average is $616.96 and its two-hundred day moving average is $565.76. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $174.60 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm earned $5.48 EPS. The Goldman Sachs Group's revenue was up 22.5% on a year-over-year basis. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's payout ratio is currently 29.59%.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently made changes to their positions in the stock. TFR Capital LLC. purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $328,000. Audent Global Asset Management LLC grew its stake in The Goldman Sachs Group by 181.8% in the fourth quarter. Audent Global Asset Management LLC now owns 7,299 shares of the investment management company's stock valued at $4,180,000 after purchasing an additional 4,709 shares in the last quarter. Siemens Fonds Invest GmbH increased its position in The Goldman Sachs Group by 224.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 25,633 shares of the investment management company's stock worth $14,678,000 after purchasing an additional 17,722 shares during the last quarter. BridgePort Financial Solutions LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $214,000. Finally, Park Square Financial Group LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $121,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reiterated an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $591.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin R. Johnson purchased 2,400 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is currently owned by corporate insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.