Lee Johnson Capital Management LLC Trims Position in The Goldman Sachs Group, Inc. $GS

Lee Johnson Capital Management LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 47.4% during the 1st quarter, HoldingsChannel reports. The fund owned 2,481 shares of the investment management company’s stock after selling 2,240 shares during the quarter. The Goldman Sachs Group comprises approximately 0.8% of Lee Johnson Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Lee Johnson Capital Management LLC’s holdings in The Goldman Sachs Group were worth $2,099,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GS. Tactive Advisors LLC raised its stake in The Goldman Sachs Group by 30.3% during the first quarter. Tactive Advisors LLC now owns 868 shares of the investment management company’s stock worth $734,000 after purchasing an additional 202 shares during the period. Smith Salley Wealth Management grew its stake in shares of The Goldman Sachs Group by 6.6% in the 1st quarter. Smith Salley Wealth Management now owns 2,728 shares of the investment management company’s stock valued at $2,308,000 after buying an additional 169 shares during the period. Sunbeam Capital Management LLC grew its stake in shares of The Goldman Sachs Group by 4.4% in the 1st quarter. Sunbeam Capital Management LLC now owns 426 shares of the investment management company’s stock valued at $360,000 after buying an additional 18 shares during the period. Spectrum Planning & Advisory Services Inc. increased its holdings in shares of The Goldman Sachs Group by 7.8% during the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 907 shares of the investment management company’s stock worth $767,000 after buying an additional 66 shares during the last quarter. Finally, Evolve Private Wealth LLC increased its holdings in shares of The Goldman Sachs Group by 32.5% during the 1st quarter. Evolve Private Wealth LLC now owns 3,293 shares of the investment management company’s stock worth $2,786,000 after buying an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

More The Goldman Sachs Group News

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

• Negative Sentiment: Goldman Sachs lowered its 2026 year-end gold target by $500 to $4,900, reflecting reduced expectations for Fed rate cuts and increasing risk of rate hikes. Gold Price Target Slashed by Goldman on Fed Rate Hike Risk
• Negative Sentiment: Multiple follow-up reports echoed Goldman’s more cautious gold outlook, reinforcing the view that tighter monetary policy could keep pressure on bullion prices. The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500
• Neutral Sentiment: Goldman also said its gold view remains structurally constructive over the long term, but tactically cautious in the near term as policy uncertainty persists. Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
• Neutral Sentiment: Separately, Goldman Sachs was mentioned in coverage on oil and shipping flows through Hormuz, but that commentary appears more macro-focused than directly material to GS shares. Hormuz Reopens, Yet Businesses Warn Oil Crisis Isn’t Over

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,099.46 on Monday. The firm’s 50 day moving average price is $979.32 and its 200-day moving average price is $920.51. 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 Goldman Sachs Group, Inc. has a one year low of $630.01 and a one year high of $1,125.00. The firm has a market cap of $324.35 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter last year, the firm earned $14.12 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Insider Transactions at The Goldman Sachs Group

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

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Citigroup raised their target price on The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. UBS Group upped their price target on The Goldman Sachs Group from $930.00 to $940.00 in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group lowered their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a report on Monday, April 6th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $941.82.

The Goldman Sachs Group Company 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.