State of Alaska Department of Revenue Cuts Position in The Goldman Sachs Group, Inc. $GS

Key Points

• State of Alaska Department of Revenue trimmed its position in Goldman Sachs by 7.5% in Q4, selling 2,770 shares and leaving 34,184 shares valued at about $30.05 million.
• Goldman Sachs beat quarterly estimates with $13.55 EPS (vs. $11.52 expected) and $15.71B revenue, and raised its quarterly dividend to $4.50 ($18 annual, ~2.0% yield).
• Insiders sold a total of 117,283 shares (~$112M) over the last quarter, while analysts maintain a consensus "Hold" rating with an average price target of $924.24.

State of Alaska Department of Revenue decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,184 shares of the investment management company's stock after selling 2,770 shares during the period. State of Alaska Department of Revenue's holdings in The Goldman Sachs Group were worth $30,047,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Hartline Investment Corp grew its position in The Goldman Sachs Group by 153.3% in the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after acquiring an additional 860 shares in the last quarter. A4 Wealth Advisors LLC acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $940,000. Stevens Capital Management LP acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $1,392,000. Meridian Wealth Management LLC grew its position in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock valued at $1,857,000 after acquiring an additional 659 shares in the last quarter. Finally, AlTi Global Inc. grew its position in The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after acquiring an additional 13,879 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $906.83 on Monday. The company has a market cap of $267.51 billion, a PE ratio of 17.68, a P/E/G ratio of 1.19 and a beta of 1.32. The company has a fifty day moving average price of $870.43 and a two-hundred day moving average price of $854.50. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The Goldman Sachs Group, Inc. has a 12 month low of $478.58 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts' consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm's revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.95 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were issued a $4.50 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, March 2nd. The Goldman Sachs Group's dividend payout ratio is presently 35.09%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GS. Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. BMO Capital Markets decreased their price target on shares of The Goldman Sachs Group from $985.00 to $905.00 and set a "market perform" rating for the company in a research report on Monday, April 6th. Autonomous Res decreased their price target on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating for the company in a research report on Thursday, January 15th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $815.00 to $826.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 10th. Finally, Morgan Stanley decreased 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. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average price target of $924.24.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 9,589 shares of The Goldman Sachs Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the completion of the transaction, the insider owned 18,533 shares of the company's stock, valued at $17,189,542.83. The trade was a 34.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 11,623 shares of the firm's stock in a transaction 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 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 SEC filing for this sale provides additional information. Insiders have sold a total of 117,283 shares of company stock valued at $112,016,033 over the last quarter. 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: Hedge funds ramped up bullish bets ahead of U.S.–Iran talks, according to Goldman client notes — a flows-driven lift that can boost trading volumes and client activity benefiting GS’s markets and prime brokerage businesses. Hedge funds rush into bullish stocks bets ahead of weekend US-Iran talks, Goldman note says
• Positive Sentiment: Goldman is leveraging nontraditional collateral (SpaceX) and relationships (QIA) to drive fee growth — a concrete revenue tailwind beyond trading and underwriting. Goldman Sachs Taps SpaceX Collateral And QIA Ties For Fee Growth
• Positive Sentiment: Momentum has pushed GS nearer its all‑time highs ahead of earnings, suggesting bullish sentiment and technical support for the stock if results meet/beat expectations. Goldman Sachs stock analysis and earnings preview: will GS hit $1,000?
• Neutral Sentiment: Wall Street expects GS Q1 EPS of ~$16.49 and revenue ~ $16.97B — these set the bar for market reaction; a beat would likely lift the shares, a miss would pressure them. Goldman Sachs is set to report first-quarter earnings — here's what Wall Street expects
• Neutral Sentiment: Macro/sector context: analysts view the financial sector as likely to deliver an “average” quarter; Goldman's individual performance vs. peers will drive relative stock moves. S&P 500 Earnings: Financial Sector Looking At 'Average' Quarter; A Quick Look At Goldman's Numbers
• Neutral Sentiment: The White House is encouraging banks — including Goldman — to pilot Anthropic’s AI models to detect vulnerabilities; this may improve risk controls over time but is not an immediate earnings driver. White House Tells Banks to Use Anthropic to Spot Vulnerabilities
• Negative Sentiment: Geopolitical risk remains the main downside: renewed Iran escalation and President Trump’s statements about the Strait of Hormuz raise volatility and oil‑price risk that can hurt market sentiment and trading revenues. Wary Investors Eye Another Escalation in Iran War
• Negative Sentiment: Goldman analysts warned that damage to Qatar LNG could spike gas prices materially — an energy shock would increase market volatility and could dent consumer/credit sentiment, a negative backdrop for banks. Goldman Sachs Warns Qatar LNG Damage Could 'Makes The Process Very Painful,' Pushing Global Gas Prices Up 50–100%

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.