The Goldman Sachs Group (NYSE:GS) Stock Unloaded Sen. David McCormick

Senator David McCormick (R-Pennsylvania) recently sold shares of The Goldman Sachs Group, Inc. (NYSE:GS). In a filing disclosed on March 29th, the Senator disclosed that they had sold between $1,000,001 and $5,000,000 in The Goldman Sachs Group stock on February 28th.

Senator David McCormick also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/20/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/13/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/11/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/10/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/5/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 3/3/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/28/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/27/2025.
• Purchased $15,001 – $50,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/26/2025.
• Purchased $50,001 – $100,000 in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) on 2/25/2025.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $543.04 on Friday. The stock has a market capitalization of $169.45 billion, a PE ratio of 13.39, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. The firm has a fifty day simple moving average of $608.15 and a 200 day simple moving average of $571.66. 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 Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the business earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of large investors have recently bought and sold shares of GS. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at about $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GS. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a research note on Friday. Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Barclays increased their price target 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. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $590.60.

About Senator McCormick

David McCormick (Republican Party) is a member of the U.S. Senate from Pennsylvania. He assumed office on January 3, 2025. His current term ends on January 3, 2031.

McCormick (Republican Party) ran for election to the U.S. Senate to represent Pennsylvania. He won in the general election on November 5, 2024.

David McCormick was born in Washington, Pennsylvania, and lives in Pennsylvania. He served in the U.S. Army 82nd Airborne Division as a paratrooper, during which time he was deployed to the Middle East during the First Gulf War and reached the rank of Captain. McCormick received his bachelor’s degree in mechanical engineering from the United States Military Academy at West Point and his Ph.D. in international affairs from Princeton University. His professional experience includes working as the CEO of a tech startup and of Bridgewater Associates, an investment management firm, and under secretary in both the Department of Commerce and the Department of the Treasury.

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.