Bryn Mawr Capital Management Increases Stake in Goldman Sachs

Bryn Mawr Capital Management LLC has significantly increased its investment in The Goldman Sachs Group, Inc. (NYSE: GS - Free Report) during the 4th quarter. According to its latest filing with the SEC, the firm raised its position in Goldman Sachs by an impressive 1,872.5%. As of now, Bryn Mawr Capital Management LLC holds 130,089 shares of this investment management company's stock after acquiring an additional 123,494 shares throughout the quarter. The Goldman Sachs Group represents around 2.8% of the total holdings of Bryn Mawr Capital Management LLC, making it the seventh largest investment in their portfolio. At the end of the latest reporting period, these shares were valued at approximately $74,492,000.

Investing Trends in Goldman Sachs Stock

This move by Bryn Mawr Capital Management reflects a broader trend among institutional investors who are also adjusting their positions in Goldman Sachs. For instance, Stephens Consulting LLC made a new investment in Goldman Sachs during the same quarter, with an estimated value of around $26,000. Similarly, Asset Planning Inc acquired shares in the company valued at approximately $29,000. Other firms, including DT Investment Partners LLC and Truvestments Capital LLC, also increased their holdings or entered new positions, demonstrating growing confidence in the investment management giant. Currently, institutional investors collectively own 71.21% of Goldman Sachs stock.

Goldman Sachs Stock Performance Overview

As of Wednesday, shares of NYSE: GS opened at $671.44. Goldman Sachs has a 50-day simple moving average of $608.24 and a 200-day simple moving average of $555.16. Over the past year, the stock has experienced a range of $380.85 as the low and $672.19 as the high. Financial metrics indicate a debt-to-equity ratio of 2.32, a current ratio of 0.67, and a quick ratio of 0.67. The company boasts a market capitalization of $208.45 billion with a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.92, and a beta of 1.39.

Earnings Report Insights

The Goldman Sachs Group most recently published its earnings results on January 15th. The company reported earnings of $11.95 per share for the quarter, exceeding analysts' average forecasts of $8.21 by a notable margin. Additionally, Goldman Sachs registered a return on equity of 13.30% with a net profit margin of 11.32%. The revenue for the quarter was reported at $13.87 billion, which surpassed expectations of $12.36 billion, marking a substantial 22.5% increase compared to the same period in the prior year. Analysts anticipate earnings of approximately $47.12 per share for Goldman Sachs in the current year.

Dividend Announcement

The firm also recently declared a quarterly dividend set to be paid on March 28th. Shareholders recorded on February 28th will receive a dividend of $3.00 per share. The ex-dividend date is set for the same day, translating to an annualized dividend of $12.00 and a yield of 1.79%. Goldman Sachs maintains a payout ratio of 29.59% on its dividends.

Insider Trading Activity

In related news, Treasurer Carey Halio sold 3,640 shares of Goldman Sachs stock on January 24th, realizing approximately $2.32 million from the sale at an average price of $636.74 per share. Following this sale, Halio's direct holding in the company decreased to 4,552 shares valued at about $2.90 million. Furthermore, insider Alex S. Golten sold 5,208 shares on January 28th for around $3.31 million, resulting in a 59.50% reduction in his stock ownership. In total, insiders have sold 31,475 shares valued at about $19.69 million in the last three months, with corporate insiders owning 0.57% of Goldman Sachs stock.

Shifts in Analyst Ratings

In recent analyst reports, several brokerages have updated their ratings and target prices for Goldman Sachs. Keefe, Bruyette & Woods raised their price target from $686.00 to $690.00 while maintaining an "outperform" rating. Wells Fargo & Co. also lifted their target price from $600.00 to $680.00, offering an "overweight" rating. Other analysts such as JPMorgan Chase & Co. and Oppenheimer have made similar adjustments to their price targets and ratings, reflecting a general positive sentiment towards Goldman Sachs, although opinions do vary slightly among investment analysts.

Company Overview

Goldman Sachs Business Model

The Goldman Sachs Group, Inc. is a global financial institution offering a wide array of financial services. Its operations encompass segments such as Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment provides various advisory services, including those related to mergers and acquisitions, financing, and secured lending, underscoring the company's comprehensive approach to financial services.

Investment, Stock, Earnings