The Goldman Sachs Group, Inc. $GS Shares Sold by Capital Research Global Investors

Capital Research Global Investors decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 22.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 174,257 shares of the investment management company’s stock after selling 51,867 shares during the period. Capital Research Global Investors’ holdings in The Goldman Sachs Group were worth $153,172,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stevens Capital Management LP purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth about $1,392,000. AlTi Global Inc. increased its holdings in The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock worth $23,707,000 after purchasing an additional 13,879 shares during the period. Wealthfront Advisers LLC increased its holdings in The Goldman Sachs Group by 1.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 48,681 shares of the investment management company’s stock worth $38,767,000 after purchasing an additional 780 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth about $3,083,000. Finally, Profund Advisors LLC increased its holdings in The Goldman Sachs Group by 7.5% during the 3rd quarter. Profund Advisors LLC now owns 8,053 shares of the investment management company’s stock worth $6,413,000 after purchasing an additional 565 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs’ stock has been buoyed by a stronger tone in financial shares overall, with sector updates showing banks and financials moving higher during the session, which supports GS as a bellwether for the group.
• Positive Sentiment: Several articles highlight Goldman’s bullish research calls and market commentary, including additions to its U.S. Conviction List and upbeat views on stocks with upside potential, reinforcing investor confidence in the firm’s market positioning.
• Positive Sentiment: Coverage also noted Goldman Sachs CEO David Solomon’s comments that the market has enough capital to fund major AI IPOs such as SpaceX, Anthropic, and OpenAI, which underscores Goldman’s role in high-profile capital markets activity.
• Neutral Sentiment: Goldman Sachs’ warning that the market is showing increasing signs of exuberance around AI and other growth themes may be seen as prudent risk management rather than a direct negative for earnings.
• Neutral Sentiment: Reports that Goldman pushed its Fed rate-cut expectations out to 2027 after strong U.S. jobs data could affect rate-sensitive sectors, but the direct impact on GS is unclear and may simply reflect a firmer macro backdrop.
• Negative Sentiment: The biggest offset is the broader weakness in financial stocks reported late Monday, which could cap upside if investors rotate out of banks and brokers.
• Negative Sentiment: News that chief legal officer Kathy Ruemmler will remain as an adviser after resigning over Epstein ties adds an overhang of reputational and governance scrutiny, even if it is not a core business issue.

Analysts Set New Price Targets

GS has been the topic of several recent research reports. HSBC upped their price target on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Morgan Stanley cut their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. UBS Group upped their price target on The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $943.95.

The Goldman Sachs Group Trading Up 0.7%

GS opened at $1,045.74 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $609.31 and a one year high of $1,098.36. The company has a market cap of $308.50 billion, a P/E ratio of 19.11, a PEG ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50-day simple moving average is $941.04 and its 200-day simple moving average is $903.62.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the prior year, the business posted $14.12 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 1,116 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 33,681 shares of company stock worth $31,737,875. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.