SMART Wealth LLC Sells 540 Shares of The Goldman Sachs Group, Inc. $GS

SMART Wealth LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 64.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299 shares of the investment management company’s stock after selling 540 shares during the period. SMART Wealth LLC’s holdings in The Goldman Sachs Group were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. Premier Path Wealth Partners LLC boosted its position in The Goldman Sachs Group by 10.9% in the 1st quarter. Premier Path Wealth Partners LLC now owns 2,790 shares of the investment management company’s stock valued at $2,360,000 after buying an additional 275 shares during the last quarter. Caliber Wealth Management LLC KS raised its position in shares of The Goldman Sachs Group by 29.1% during the first quarter. Caliber Wealth Management LLC KS now owns 492 shares of the investment management company’s stock worth $416,000 after acquiring an additional 111 shares during the last quarter. Powell Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 0.4% in the first quarter. Powell Investment Advisors LLC now owns 6,574 shares of the investment management company’s stock valued at $5,562,000 after acquiring an additional 25 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in The Goldman Sachs Group in the first quarter valued at about $275,000. Finally, SevenBridge Financial Group LLC grew its position in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. SevenBridge Financial Group LLC now owns 9,559 shares of the investment management company’s stock worth $8,936,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds 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:

• Positive Sentiment: Goldman Sachs and other major banks passed the Federal Reserve’s 2026 stress tests, paving the way for higher dividends and reinforcing confidence in capital strength and shareholder returns. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test
• Positive Sentiment: Analysts continue to see Goldman Sachs as positioned to beat earnings estimates, with expectations that trading and banking activity could support another strong quarterly report. Why Goldman (GS) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Goldman’s private credit fund reported relatively low redemption requests, suggesting its private-markets business is holding up better than some peers amid industry turbulence. Goldman private credit fund escapes redemption pressure again
• Neutral Sentiment: Goldman named Bosworth as acting general counsel, a routine leadership update that is unlikely to move the stock by itself. Goldman Sachs names Bosworth as acting general counsel
• Negative Sentiment: Oppenheimer turned more cautious on major U.S. banks, with one report specifically arguing investors may want to take profits after the sector’s strong run, which could create some pressure on Goldman shares. America’s Biggest Banks Passed Their Stress Tests. Now They’re Showering Investors With Cash.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the transaction, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider directly owned 15,657 shares of the company’s stock, 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 three months, insiders sold 33,681 shares of company stock worth $31,737,875. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GS. Oppenheimer cut shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $972.00 to $1,070.00 and gave the stock a “market perform” rating in a research note on Monday. 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. Evercore cut their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Finally, Dbs Bank raised their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $974.18.

The Goldman Sachs Group Stock Up 0.8%

Shares of The Goldman Sachs Group stock opened at $1,019.78 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $691.30 and a 1 year high of $1,125.00. The business has a 50-day moving average of $1,002.16 and a two-hundred day moving average of $931.30. The company has a market capitalization of $300.85 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 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 analysts’ expectations of $16.66 billion. During the same quarter in the previous year, the business posted $14.12 EPS. The Goldman Sachs Group’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.79 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

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.