Y.D. More Investments Ltd cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 85.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217 shares of the investment management company’s stock after selling 1,249 shares during the quarter. Y.D. More Investments Ltd’s holdings in The Goldman Sachs Group were worth $184,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $25,000. Garton & Associates Financial Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $26,000. Manning & Napier Advisors LLC boosted its holdings in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Steph & Co. acquired a new position in The Goldman Sachs Group during the 1st quarter worth $27,000. Finally, Lifetime Wealth Management P.C. acquired a new position in The Goldman Sachs Group during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on GS. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings raised The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Jefferies Financial Group lowered their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,005.33.
The Goldman Sachs Group Stock Down 0.8%
Shares of NYSE GS opened at $1,047.08 on Tuesday. The business has a 50-day moving average of $1,020.45 and a two-hundred day moving average of $939.94. The company has a market capitalization of $308.90 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1 year low of $691.30 and a 1 year high of $1,125.00. 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 Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the prior year, the business posted $14.12 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 60.44 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock worth $31,737,875 in the last three months. 0.55% of the stock is owned by company insiders.
Key The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Analysts expect Goldman Sachs to post another strong quarter, with bullish commentary pointing to solid trading activity, resilient capital-markets demand, improving wealth-management flows, and the possibility of an earnings beat versus Wall Street estimates.
- Positive Sentiment: Bank of America said major U.S. banks, including Goldman Sachs, could surprise to the upside as strong operating conditions may support higher earnings revisions for the second half of 2026 and into 2027.
- Positive Sentiment: Goldman Sachs’ involvement in advisory and financing activity remains supportive, including work tied to Saudi tech firm NourNet’s potential IPO and continued expansion in growth investing through Goldman Sachs Alternatives.
- Neutral Sentiment: Wall Street is focused on the broader bank-earnings slate this week, which could keep GS shares moving with sector sentiment rather than company-specific news until results are released.
- Neutral Sentiment: Goldman Sachs also published upbeat market views on Indian equities and other themes, but these are more reflective of the firm’s research franchise than an immediate driver of GS stock.
- Negative Sentiment: Some commentary flagged a possible downgrade and warned that Goldman Sachs’ strong run since 2022 may be fading, while a technical-analysis piece said the stock has pulled back and could be vulnerable into earnings. Article Title
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.
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