Main Street Research LLC Takes $739,000 Position in The Goldman Sachs Group, Inc. $GS

Main Street Research LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 874 shares of the investment management company’s stock, valued at approximately $739,000.

Several other hedge funds have also made changes to their positions in GS. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter worth $2,515,830,000. Corient Private Wealth LLC lifted its stake in The Goldman Sachs Group by 1,657.7% in the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after buying an additional 2,448,767 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after acquiring an additional 936,015 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of The Goldman Sachs Group by 428.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after acquiring an additional 450,984 shares during the last quarter. Finally, Diamant Asset Management Inc. grew its position in shares of The Goldman Sachs Group by 84,499.0% during the first quarter. Diamant Asset Management Inc. now owns 422,995 shares of the investment management company’s stock worth $35,785,000 after acquiring an additional 422,495 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 sale, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is owned by corporate insiders.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs announced a major expansion of its retirement and asset-management business, securing roughly $70 billion in retirement plan mandates from Verizon and Lockheed Martin, which expands its outsourced CIO platform and highlights strong institutional demand. Goldman Sachs Secures Massive $70B Retirement Plan Contracts from Verizon and Lockheed Martin
• Positive Sentiment: News that Goldman Sachs is pursuing a large private-markets opportunity and targeting $750 billion in alternative assets under supervision by 2030 supports the long-term growth narrative for its asset and wealth management franchise. Goldman Sachs Sees a $2 Trillion Opportunity in Private Markets
• Positive Sentiment: Several reports highlighted Goldman Sachs as a stock worth watching ahead of Q2 earnings, with commentary pointing to earnings growth, price strength, and generally constructive analyst sentiment. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Neutral Sentiment: Goldman Sachs reportedly tightened internal compliance rules by limiting staff access to prediction markets such as Kalshi and Polymarket, a policy move that is unlikely to materially change fundamentals but reflects a cautious stance toward regulatory risk. Goldman Sachs limits prediction market betting for employees
• Negative Sentiment: Some market commentary remains cautious on banks ahead of earnings, noting that parts of the sector may already be priced for perfection, which could limit upside if results disappoint. A Downgrade Wave Says Bank Stocks Are Priced for Perfection Ahead of Q2 Earnings. Here’s the Bear Case.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Bank of America raised their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,150.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Finally, Daiwa Securities Group increased their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $986.91.

The Goldman Sachs Group Price Performance

NYSE GS opened at $1,055.35 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 1 year low of $691.30 and a 1 year high of $1,125.00. The company has a market cap of $311.34 billion, a PE ratio of 19.29, a PEG ratio of 1.32 and a beta of 1.30. The stock’s 50-day moving average price is $1,014.98 and its two-hundred day moving average price is $937.81.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $14.12 EPS. On average, analysts predict that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s payout ratio is currently 32.89%.

About The Goldman Sachs Group

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.