Providence First Trust Co Cuts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Providence First Trust Co reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,626 shares of the investment management company's stock after selling 1,309 shares during the quarter. Providence First Trust Co's holdings in The Goldman Sachs Group were worth $1,429,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GS. Brighton Jones LLC boosted its holdings in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC increased its stake in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the period. Sivia Capital Partners LLC increased its stake in The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company's stock worth $1,098,000 after purchasing an additional 735 shares during the period. Schnieders Capital Management LLC. lifted its position in The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company's stock valued at $581,000 after purchasing an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of The Goldman Sachs Group by 22.2% during the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company's stock valued at $1,522,000 after purchasing an additional 391 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GS. Royal Bank Of Canada restated a "neutral" rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Morgan Stanley dropped their price target on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 31st. Autonomous Res cut their price target on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating on the stock in a report on Thursday, January 15th. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Monday, April 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a "market perform" rating in a report on Friday, January 16th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $926.29.

The Goldman Sachs Group Stock Up 1.7%

GS stock opened at $918.35 on Wednesday. The business has a 50 day moving average of $869.18 and a 200 day moving average of $868.63. The Goldman Sachs Group, Inc. has a twelve month low of $547.06 and a twelve month high of $984.70. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The firm has a market cap of $270.91 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $16.66 billion. During the same period in the prior year, the firm posted $14.12 EPS. The firm's quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is currently 32.89%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman is a founding investor/partner in a new enterprise AI services firm with Anthropic and Blackstone to deploy Anthropic’s Claude across private-equity portfolio companies and mid-market firms — a move that could create recurring AI services revenue and deepen client relationships. Anthropic and Wall Street Giants Join Forces to Create New A.I. Firm
• Positive Sentiment: Coverage highlighting Goldman’s AI pivot — including a reported $1.5B Anthropic venture and firmwide tech overhaul — reinforces expectations that AI will reshape Goldman's revenue mix and cost base over the medium term. That narrative supports EPS/efficiency upside. Goldman's AI Pivot: Reshaping Revenues, Operations & Long-Term Growth
• Positive Sentiment: Goldman’s most recent quarter beat consensus (Q1 EPS $17.55 vs. $15.92 est., revenue $17.23B) — a reminder that core profitability and trading/asset management momentum underpin the stock’s valuation. The Goldman Sachs Group Trading Up 1.7%
• Neutral Sentiment: Daiwa Securities raised its price target on GS to $930 (maintaining a neutral rating), a modest upward signal on valuation but not a buy endorsement. Daiwa Securities Adjusts Price Target on Goldman Sachs to $930
• Neutral Sentiment: Macro/interest-rate positioning remains relevant: commentary about a potential Fed chair shift (Kevin Warsh) could redistribute bank-sector winners and losers depending on future rate and volatility dynamics. This is a sector-level risk/opp rather than a GS-specific development. The New Fed Chair Trade: Who Wins When Warsh Takes the Helm?
• Negative Sentiment: Insider selling: GS Chief Accounting Officer Sheara J. Fredman sold 10,301 shares at about $929, cutting her holding ~62% — a sizeable disclosed sale that some investors may view as a near-term negative signal (though insiders sell for many reasons). Insider Sale: Sheara J. Fredman
• Negative Sentiment: HSBC raised its price target but kept a "reduce" rating on GS, signaling that some sell-side analysts still see downside/valuation risk despite the AI narrative. HSBC Adjusts Price Target on Goldman Sachs to $765

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group 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 completion of the sale, the chief financial officer directly owned 29,342 shares in the company, valued at $27,627,546.94. The trade was a 28.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 2,704 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the transaction, the executive vice president owned 9,428 shares in the company, valued at approximately $9,060,213.72. This trade represents a 22.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 42,302 shares of company stock worth $39,938,686. 0.55% of the stock is owned by insiders.

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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