Public Employees Retirement Association of Colorado Trims Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Public Employees Retirement Association of Colorado reduced its Goldman Sachs stake by 3.4% in Q4, selling 1,331 shares and ending with 38,090 shares valued at about $33.5 million.
• Insiders have been selling shares: Alex S. Golten and Kathryn H. Ruemmler both trimmed holdings, and insiders sold 33,681 shares worth about $31.7 million over the last 90 days.
• Goldman Sachs reported stronger-than-expected earnings, with Q2 EPS of $17.55 and revenue of $17.23 billion, while also declaring a $4.50 quarterly dividend and maintaining a 1.7% yield.

Public Employees Retirement Association of Colorado cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,090 shares of the investment management company's stock after selling 1,331 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in The Goldman Sachs Group were worth $33,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $25,000. Manning & Napier Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after purchasing an additional 23 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $31,000. Cornerstone Financial Management LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $33,000. Finally, Entrust Financial LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 1,116 shares of the firm's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm's stock in a transaction dated Wednesday, May 6th. The shares were 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 in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,681 shares of company stock valued at $31,737,875. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is benefiting from high-profile underwriting and advisory work, including the SpaceX IPO and Prometheus’ massive funding round, both of which highlight stronger capital-markets activity and potential fee growth. SpaceX IPO Crowds Pre-Market Sentiment
• Positive Sentiment: Goldman Sachs’ optimistic 2026 market outlook and views that AI infrastructure spending could stay elevated support the investment-banking and markets narrative for GS. Goldman Sachs doubles down on stock market outlook for 2026
• Neutral Sentiment: JPMorgan raised its price target on Goldman Sachs but kept a neutral rating, suggesting valuation remains rich even after the stock’s strong run. JPMorgan adjusts price target on Goldman Sachs to 900 from 826
• Neutral Sentiment: Separate commentary that Goldman Sachs sees the market as trending higher and favors sectors tied to AI and growth is constructive, but it is more of a broad-market read than a direct company-specific catalyst. Goldman Sachs doubles down on stock market outlook for 2026

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $1,062.44 on Monday. The company has a market cap of $313.43 billion, a P/E ratio of 19.42, a PEG ratio of 1.38 and a beta of 1.30. 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, Inc. has a one year low of $609.59 and a one year high of $1,098.36. The business's 50-day simple moving average is $957.30 and its 200 day simple moving average is $910.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for 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 company's revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $14.12 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 59.08 earnings per share 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. Investors of record on Monday, June 1st will be issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 32.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GS shares. Zacks Research downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. HSBC raised their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Citigroup raised their price objective on The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Bank of America cut their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Finally, Wells Fargo & Company cut their price objective on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating on the stock in a report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $941.82.

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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