The Goldman Sachs Group, Inc. $GS Stake Raised by SlateStone Wealth LLC

SlateStone Wealth LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,781 shares of the investment management company’s stock after acquiring an additional 842 shares during the quarter. SlateStone Wealth LLC’s holdings in The Goldman Sachs Group were worth $8,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acropolis Investment Management LLC raised its position in The Goldman Sachs Group by 1.8% in the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock worth $554,000 after acquiring an additional 11 shares in the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 2.0% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock worth $505,000 after buying an additional 11 shares during the period. Optas LLC raised its holdings in The Goldman Sachs Group by 0.4% during the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock worth $2,244,000 after buying an additional 11 shares during the period. Pines Wealth Management LLC raised its holdings in The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after buying an additional 11 shares during the period. Finally, Welch & Forbes LLC raised its holdings in The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after buying an additional 11 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Evercore cut their price objective on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. UBS Group boosted their price objective on The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. CICC Research boosted their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, HSBC boosted their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $943.95.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs is being positioned to benefit from a wave of high-profile IPO activity, with reports saying it is a lead bookrunner on SpaceX and will help lead Anthropic’s offering, reinforcing optimism about future banking and advisory revenue.
• Positive Sentiment: Goldman Sachs is also expanding its digital-assets push, launching a tokenized real estate fund with partners including Apex Group and Archax, which may support the firm’s image as an innovator in blockchain and asset tokenization.
• Neutral Sentiment: Several articles highlighted Goldman Sachs research and executives commenting positively on AI-driven market trends and investor appetite, but these were mostly commentary rather than direct company-specific financial updates.
• Neutral Sentiment: Goldman Sachs analysts also issued or adjusted ratings on other companies such as Broadcom, Accenture, Q2 Holdings, and Hewlett Packard Enterprise; these moves reflect the firm’s broader research activity but are not direct catalysts for GS shares.
• Negative Sentiment: There was also a recent note that Goldman Sachs shares had dipped more than the broader market in an earlier session, suggesting some volatility, though the latest news flow is more supportive overall.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 1,116 shares of the company’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. This represents a 30.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated 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 transaction, 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. Insiders have sold 33,681 shares of company stock worth $31,737,875 over the last quarter. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,093.03 on Friday. The company has a market capitalization of $322.46 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $592.90 and a fifty-two week high of $1,095.90. 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 business’s 50-day moving average is $932.60 and its 200-day moving average is $899.87.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.53% and a net margin of 14.13%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $14.12 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date 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 currently 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.