State of Michigan Retirement System lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,567 shares of the investment management company's stock after selling 7,406 shares during the period. State of Michigan Retirement System's holdings in The Goldman Sachs Group were worth $69,060,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Dagco Inc. bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $26,000. Corundum Trust Company INC bought a new stake in shares of The Goldman Sachs Group in the third quarter worth about $29,000. Graney & King LLC increased its holdings in The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company's stock valued at $35,000 after purchasing an additional 17 shares during the period. Finally, True Wealth Design LLC increased its holdings in The Goldman Sachs Group by 114.3% during the 3rd quarter. True Wealth Design LLC now owns 45 shares of the investment management company's stock valued at $36,000 after purchasing an additional 24 shares during the period. Institutional investors own 71.21% of the company's stock.
Insiders Place Their Bets
In other news, insider Alex S. Golten sold 1,200 shares of the company's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $933.30, for a total value of $1,119,960.00. Following the sale, the insider directly owned 4,809 shares of the company's stock, valued at $4,488,239.70. This represents a 19.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 272 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares of the company's stock, valued at approximately $117,859,810.84. The trade was a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,119 shares of company stock valued at $33,261,418 in the last 90 days. Corporate insiders own 0.55% of the company's stock.
Key The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman reported a strong Q1 with revenue and EPS beats and an improving investment banking rebound — this underpins the firm’s earnings trajectory and supports medium-term upside. After Solid Q1
- Positive Sentiment: Goldman’s Alternatives arm is deploying $50M into BLP Digital (agentic AI for finance processes), signaling strategic investment in higher-growth, fee-generating areas. This can boost long-term fee income and product differentiation. Goldman Sachs Alternatives Invests $50M in BLP Digital
- Positive Sentiment: Goldman has been hired to advise on a potential stake sale for Princeton Digital Group (PDG) — an investment banking mandate that could generate meaningful fees if executed. Investment banking deal flow remains a key revenue driver. Warburg Pincus-Backed PDG Taps Goldman
- Neutral Sentiment: ING’s Polish unit completed a PLN 405m deal to take full control of Goldman Sachs TFI — a localized divestiture that reduces GS’s footprint in Poland but is small relative to the firm’s global scale. ING Takes Full Control of Goldman Sachs TFI
- Neutral Sentiment: Goldman Sachs Asset Management announced liquidation plans for two of its smaller fixed‑income ETFs — a tactical fund closure that reduces product complexity but has limited balance-sheet impact. GSAM Announces Liquidation of Two ETFs
- Negative Sentiment: Insider selling: Alex S. Golten sold 1,116 shares at about $936, trimming his position by ~30% — disclosed in an SEC filing. Visible insider sales can weigh on sentiment even when company fundamentals are solid. Insider Sale by Alex S. Golten
- Negative Sentiment: BNP Paribas Exane trimmed its price target to $940 (from $970) and left a neutral rating — a downgrade in target that reduces upside in some analyst models and can pressure sentiment. BNP Paribas Lowers PT to $940
- Negative Sentiment: BofA flagged investor caution on Goldman despite the solid quarter — reminders from major brokers to temper expectations can prompt profit-taking after the earnings run. BofA Flags Investor Caution
Analysts Set New Price Targets
GS has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a "market perform" rating in a report on Monday, April 20th. Rothschild & Co Redburn boosted their target price on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a research note on Friday, April 17th. Morgan Stanley decreased their target price on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an "equal weight" rating for the company in a report on Tuesday, March 31st. Barclays raised their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an "overweight" rating in a research note on Monday, January 5th. Finally, Bank of America cut 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 report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $922.71.
Read Our Latest Analysis on The Goldman Sachs Group
The Goldman Sachs Group Stock Performance
The Goldman Sachs Group stock opened at $928.66 on Monday. The Goldman Sachs Group, Inc. has a fifty-two week low of $531.45 and a fifty-two week high of $984.70. The stock's 50 day simple moving average is $868.83 and its two-hundred day simple moving average is $863.42. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.66 and a current ratio of 1.10. The stock has a market cap of $273.94 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.32.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The business's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $14.12 EPS. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group's dividend payout ratio is 32.89%.
About The Goldman Sachs Group
(
Free Report)
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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