The Goldman Sachs Group (NYSE:GS) Stock Acquired Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently bought shares of The Goldman Sachs Group, Inc. (NYSE:GS). In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in The Goldman Sachs Group stock on January 24th. The trade occurred in the Representative’s “CHASE BROKERAGE ACCOUNT (3935)” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.
• Sold $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 1/17/2025.

The Goldman Sachs Group Price Performance

NYSE GS opened at $649.19 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $375.77 and a 52 week high of $663.87. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $201.54 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a 50-day moving average price of $602.89 and a two-hundred day moving average price of $550.12.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Analyst Upgrades and Downgrades

GS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Barclays increased their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in The Goldman Sachs Group by 46.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock worth $1,296,000 after buying an additional 835 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in The Goldman Sachs Group by 9.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,107 shares of the investment management company’s stock worth $548,000 after buying an additional 91 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $226,000. Procyon Advisors LLC lifted its position in The Goldman Sachs Group by 5.5% in the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock worth $411,000 after buying an additional 43 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $85,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About The Goldman Sachs Group

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.