Providence First Trust Co Sells 1,309 Shares of The Goldman Sachs Group, Inc. $GS

Providence First Trust Co decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 44.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,626 shares of the investment management company’s stock after selling 1,309 shares during the quarter. Providence First Trust Co’s holdings in The Goldman Sachs Group were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of The Goldman Sachs Group by 110.8% in 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 purchasing an additional 936,015 shares in the last quarter. Vanguard Group Inc. grew its holdings in The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after purchasing an additional 418,820 shares during the period. Jennison Associates LLC raised its stake in shares of The Goldman Sachs Group by 40.8% in the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock worth $1,189,293,000 after buying an additional 392,319 shares during the period. Danske Bank A S bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $178,941,000. Finally, Evergreen Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 11,400.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 212,180 shares of the investment management company’s stock valued at $168,970,000 after buying an additional 210,335 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman is a founding investor/partner in a new enterprise AI services firm with Anthropic and Blackstone to deploy Anthropic’s Claude across private-equity portfolio companies and mid-market firms — a move that could create recurring AI services revenue and deepen client relationships. Anthropic and Wall Street Giants Join Forces to Create New A.I. Firm
• Positive Sentiment: Coverage highlighting Goldman’s AI pivot — including a reported $1.5B Anthropic venture and firmwide tech overhaul — reinforces expectations that AI will reshape Goldman’s revenue mix and cost base over the medium term. That narrative supports EPS/efficiency upside. Goldman’s AI Pivot: Reshaping Revenues, Operations & Long-Term Growth
• Positive Sentiment: Goldman’s most recent quarter beat consensus (Q1 EPS $17.55 vs. $15.92 est., revenue $17.23B) — a reminder that core profitability and trading/asset management momentum underpin the stock’s valuation. The Goldman Sachs Group Trading Up 1.7%
• Neutral Sentiment: Daiwa Securities raised its price target on GS to $930 (maintaining a neutral rating), a modest upward signal on valuation but not a buy endorsement. Daiwa Securities Adjusts Price Target on Goldman Sachs to $930
• Neutral Sentiment: Macro/interest-rate positioning remains relevant: commentary about a potential Fed chair shift (Kevin Warsh) could redistribute bank-sector winners and losers depending on future rate and volatility dynamics. This is a sector-level risk/opp rather than a GS-specific development. The New Fed Chair Trade: Who Wins When Warsh Takes the Helm?
• Negative Sentiment: Insider selling: GS Chief Accounting Officer Sheara J. Fredman sold 10,301 shares at about $929, cutting her holding ~62% — a sizeable disclosed sale that some investors may view as a near-term negative signal (though insiders sell for many reasons). Insider Sale: Sheara J. Fredman
• Negative Sentiment: HSBC raised its price target but kept a “reduce” rating on GS, signaling that some sell-side analysts still see downside/valuation risk despite the AI narrative. HSBC Adjusts Price Target on Goldman Sachs to $765

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 13,151 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the sale, the executive vice president directly owned 39,007 shares of the company’s stock, valued at $37,408,883.21. This represents a 25.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the 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 transaction, the chief accounting officer owned 6,338 shares of the company’s stock, valued at $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,302 shares of company stock valued at $39,938,686 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GS. UBS Group reissued a “neutral” rating and issued a $930.00 target price on shares of The Goldman Sachs Group in a report on Monday, April 13th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research note on Friday, January 16th. BMO Capital Markets lifted their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research note on Monday, April 20th. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $926.29.

The Goldman Sachs Group Trading Up 1.7%

The Goldman Sachs Group stock opened at $918.35 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $547.06 and a 1 year high of $984.70. The firm’s 50 day moving average price is $869.18 and its 200-day moving average price is $868.63. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.66. The stock has a market cap of $270.91 billion, a P/E ratio of 16.78, a PEG ratio of 1.16 and a beta of 1.28.

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 company had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company posted $14.12 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

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.