Simmons Bank Trims Holdings in The Goldman Sachs Group, Inc. $GS

Simmons Bank lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.0% in the first quarter, Holdings Channel reports. The institutional investor owned 17,714 shares of the investment management company’s stock after selling 556 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.0% of Simmons Bank’s portfolio, making the stock its 24th biggest position. Simmons Bank’s holdings in The Goldman Sachs Group were worth $14,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Norges Bank bought a new position in The Goldman Sachs Group during the 4th quarter valued at $2,515,830,000. Corient Private Wealth LLC increased its position in shares of The Goldman Sachs Group by 1,657.7% in 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 purchasing an additional 2,448,767 shares during the last quarter. Wellington Management Group LLP raised 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 valued at $1,417,997,000 after purchasing an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $488,947,000 after purchasing an additional 450,984 shares in the last quarter. Finally, Diamant Asset Management Inc. lifted its position in shares of The Goldman Sachs Group by 84,499.0% during the first quarter. Diamant Asset Management Inc. now owns 422,995 shares of the investment management company’s stock worth $35,785,000 after purchasing an additional 422,495 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $1,022.03 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The company’s 50-day moving average price is $998.83 and its 200 day moving average price is $929.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $691.30 and a fifty-two week high of $1,125.00. The firm has a market cap of $301.51 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating 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 return on equity of 16.53% and a net margin of 14.13%.The Goldman Sachs Group’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $14.12 earnings per share. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs strategists said AI spending could drive another strong U.S. earnings season, with S&P 500 earnings projected to jump 22%, a bullish macro backdrop that may support investor confidence in Goldman’s market outlook and client activity. Goldman Sees S&P 500 Earnings Jumping 22% on AI Boom
• Positive Sentiment: Goldman maintained a bullish view on gold and said the rally may not be over, which could help keep commodity-related trading and advisory activity elevated. 4 Gold ETFs That Could Regain Momentum As Goldman Sachs Sees $900 Upside For 2026
• Positive Sentiment: Several analysts raised price targets on Goldman Sachs (GS), including Morgan Stanley and BMO Capital Markets, signaling continued Street confidence in the stock’s valuation. Morgan Stanley adjusts price target on Goldman Sachs BMO Capital adjusts PT on Goldman Sachs
• Neutral Sentiment: Goldman also published research on U.S. stock winners tied to AI, software, copper, and Indian bonds, but these calls are more about market themes than a direct fundamental change for GS. Goldman’s overlooked Al basket just ripped 115% Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle
• Neutral Sentiment: Goldman’s view that Iran-related tensions could support metals demand and its recommendation on India’s 30-year bonds add to the firm’s market commentary, but the stock impact is likely indirect. Copper slips as traders eye Iran peace talks and Fed outlook Goldman backs India 30-year bonds as Iran war impact contained

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Daiwa Securities Group lifted their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. BNP Paribas Exane reduced their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Morgan Stanley boosted their price target on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the company an “equal weight” rating in a report on Monday. Finally, BMO Capital Markets boosted their price target on The Goldman Sachs Group from $972.00 to $1,070.00 and gave the company a “market perform” rating in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $974.18.

Insider Buying and Selling

In other news, 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 transaction of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is owned by corporate insiders.

About The Goldman Sachs Group

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.