Smithbridge Asset Management Inc. DE Sells 5,224 Shares of The Goldman Sachs Group, Inc. $GS

Posted by Stanley Muller on Jul 2nd, 2026

Smithbridge Asset Management Inc. DE lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 31.3% during the first quarter, Holdings Channel reports. The institutional investor owned 11,492 shares of the investment management company’s stock after selling 5,224 shares during the quarter. The Goldman Sachs Group accounts for 1.4% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 24th largest holding. Smithbridge Asset Management Inc. DE’s holdings in The Goldman Sachs Group were worth $9,722,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GS. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $2,515,830,000. Corient Private Wealth LLC grew its position in shares of The Goldman Sachs Group by 1,657.7% in the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after purchasing an additional 2,448,767 shares in the last quarter. Wellington Management Group LLP raised 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 valued at $1,417,997,000 after purchasing an additional 936,015 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of The Goldman Sachs Group by 428.4% during 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 during the period. Finally, Diamant Asset Management Inc. lifted its holdings in The Goldman Sachs Group by 84,499.0% during the 1st 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 in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the 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 sale, the insider owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,681 shares of company stock worth $31,737,875 over the last ninety days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $1,019.78 on Thursday. The company has a 50 day simple moving average of $1,002.16 and a two-hundred day simple moving average of $931.30. The company has a market capitalization of $300.85 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.31 and a beta of 1.30. 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 company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion for 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 business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $14.12 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 59.79 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Trending Headlines about The Goldman Sachs Group

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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup boosted their price target on shares of The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Evercore lowered their price target 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. HSBC lifted their price target on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $974.18.

Check Out Our Latest Report on GS

The Goldman Sachs Group Company Profile

(Free Report)

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.