Ashton Thomas Private Wealth LLC Decreases Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Ashton Thomas Private Wealth LLC cut its stake in Goldman Sachs by 36.7% in Q4, selling 3,852 shares and leaving 6,650 shares valued at about $5.845 million.
• Insider selling has been significant: CFO Denis P. Coleman sold 11,623 shares for roughly $10.94 million, with insiders offloading 32,273 shares (~$30.6 million) over the past 90 days and now owning just 0.55% of the company.
• Goldman beat Q1 estimates (EPS $17.55 vs. $15.92; revenue $17.23B), highlighted catalysts like an AI‑driven M&A wave and higher oil-price forecasts, and announced a $4.50 quarterly dividend (annualized $18, yield ~1.9%).

Ashton Thomas Private Wealth LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,650 shares of the investment management company's stock after selling 3,852 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in The Goldman Sachs Group were worth $5,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Acropolis Investment Management LLC boosted its position in The Goldman Sachs Group by 1.8% during 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 during the last quarter. Walkner Condon Financial Advisors LLC boosted its position in The Goldman Sachs Group by 2.0% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock worth $505,000 after acquiring an additional 11 shares during the last quarter. Optas LLC boosted its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company's stock worth $2,244,000 after acquiring an additional 11 shares during the last quarter. Terra Nova Asset Management LLC boosted its position in The Goldman Sachs Group by 0.5% during the fourth quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company's stock worth $2,329,000 after acquiring an additional 12 shares during the last quarter. Finally, Bluesphere Advisors LLC boosted its position in The Goldman Sachs Group by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 1,620 shares of the investment management company's stock worth $1,424,000 after acquiring an additional 12 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman has raised its oil-price forecasts (Brent to roughly $90 in Q4), which lifts the bank’s trading, commodities revenue outlook and energy M&A/underwriting opportunities. Goldman Sachs raises oil price forecast as war disruption drags on
• Positive Sentiment: Goldman predicts a multi‑trillion-dollar M&A wave driven by AI and PE exits — a direct tailwind for investment‑banking fees and advisory revenue. Goldman Sachs (GS) Predicts $3.8 Trillion M&A Wave Fueled by AI and Private Equity Sales
• Positive Sentiment: Goldman is advising/positioned on large deals (including being listed among banks to benefit from the SpaceX IPO), which supports future underwriting and advisory fee flow. Gladman Sachs (GS) Is One Of The Stocks To Buy Before SpaceX IPO
• Positive Sentiment: Goldman Alternatives led a $60M Series C in fintech Kashable — signals growth in fee‑generating private markets/alternatives capabilities. Goldman Sachs Alternatives Announces Strategic Investment in Kashable
• Positive Sentiment: Goldman was hired for a strategic review/advisory role on data‑center/PDG matters — a direct source of near‑term investment‑banking fees. AI Boom Fuels Data Center Deals As PDG Considers Potential Stake Sale
• Neutral Sentiment: Goldman’s trading desk warned of potential market pullback (pension‑fund rebalancing etc.), which is a macro headwind for markets but not specific to GS’s business model. Pension-fund rebalancing and other red flags that suggest a stock-market pullback is nearing, according to Goldman Sachs
• Neutral Sentiment: Goldman scaled back a quantum‑computing push after feasibility concerns (small write/readjustment reported); limited near‑term P&L impact but signals caution on long‑horizon tech bets. Goldman Pulls Back After 8 Million Qubit Reality Check, JPMorgan Presses On
• Negative Sentiment: Insider sales totaling roughly $138M over the past year were reported — a potential negative for near‑term sentiment/ownership optics even if routine. Goldman Sachs Group Insiders Sold US$138m Of Shares Suggesting Hesitancy

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. Evercore lowered their price target on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a research report on Monday, April 6th. Royal Bank Of Canada restated a "neutral" rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Rothschild & Co Redburn boosted their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a "neutral" rating in a research report on Friday, April 17th. HSBC lowered their price target on shares of The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Finally, Bank of America lowered their price target on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $922.71.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 11,623 shares of the business's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares of the company's stock, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,273 shares of company stock valued at $30,622,692 over the last 90 days. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $937.52 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.10 and a quick ratio of 0.66. The firm's 50-day moving average is $869.47 and its two-hundred day moving average is $864.54. The Goldman Sachs Group, Inc. has a 12 month low of $531.45 and a 12 month high of $984.70. The company has a market capitalization of $276.56 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.19 and a beta of 1.32.

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 EPS for the quarter, topping analysts' consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the firm earned $14.12 earnings per share. The Goldman Sachs Group's quarterly revenue was up 14.4% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group's payout ratio is 32.89%.

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.

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