The Goldman Sachs Group, Inc. $GS Shares Purchased by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.0% during the first quarter, Holdings Channel reports. The institutional investor owned 7,377 shares of the investment management company’s stock after acquiring an additional 790 shares during the period. The Goldman Sachs Group makes up about 1.3% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 28th largest position. WESPAC Advisors SoCal LLC’s holdings in The Goldman Sachs Group were worth $6,241,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $2,515,830,000. Corient Private Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock worth $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of The Goldman Sachs Group by 428.4% in the 4th 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, Vanguard Group Inc. grew its holdings in shares of The Goldman Sachs Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the subject of several analyst reports. UBS Group upped their target price on The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. BNP Paribas Exane dropped their price target on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Dbs Bank boosted their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. raised 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 report on Friday, June 12th. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $941.82.

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

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated 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 transaction, the insider 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s 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 completion of the transaction, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,681 shares of company stock valued at $31,737,875 in the last three months. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $1,099.46 on Friday. The company has a market capitalization of $324.35 billion, a PE ratio of 20.09, a PEG ratio of 1.43 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 company’s 50 day moving average price is $979.32 and its 200 day moving average price is $919.74. The Goldman Sachs Group, Inc. has a 52 week low of $630.01 and a 52 week high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The company had revenue of $17.23 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $14.12 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.6%. The Goldman Sachs Group’s dividend payout ratio 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.