Sumitomo Mitsui Trust Group Inc. Cuts Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Sumitomo Mitsui Trust Group cut its stake in The Goldman Sachs Group by 5.4%, selling 54,008 shares to end the quarter with 952,337 shares worth $837.1 million (0.32% of GS) per its latest SEC filing.
• Goldman Sachs beat quarterly estimates with $13.55 EPS and $15.71 billion in revenue, and raised its quarterly dividend to $4.50 (annualized $18, ~2.0% yield).
• Analyst sentiment is mixed — a consensus "Hold" with a $924.24 target — while institutional investors own 71.21% of the stock and insiders sold roughly 117,283 shares (~$112 million) last quarter.

Sumitomo Mitsui Trust Group Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 952,337 shares of the investment management company's stock after selling 54,008 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.32% of The Goldman Sachs Group worth $837,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in The Goldman Sachs Group by 1.9% in the third quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company's stock valued at $5,304,824,000 after purchasing an additional 121,676 shares during the period. Invesco Ltd. raised its position in The Goldman Sachs Group by 3.5% in the third quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company's stock valued at $2,319,905,000 after purchasing an additional 97,387 shares during the period. Legal & General Group Plc raised its position in The Goldman Sachs Group by 1.4% in the third quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company's stock valued at $1,680,393,000 after purchasing an additional 28,642 shares during the period. Ameriprise Financial Inc. raised its position in The Goldman Sachs Group by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company's stock valued at $1,345,924,000 after purchasing an additional 291,280 shares during the period. Finally, Wellington Management Group LLP raised its position in The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company's stock valued at $1,417,997,000 after purchasing an additional 936,015 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Bank of America boosted their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a "buy" rating in a research report on Friday, January 16th. UBS Group cut their target price on The Goldman Sachs Group from $990.00 to $930.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 7th. Autonomous Res dropped 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 note on Thursday, January 15th. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an "overweight" rating in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a "market perform" rating in a research note on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $924.24.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $906.83 on Friday. The company has a fifty day simple moving average of $870.43 and a two-hundred day simple moving average of $854.07. The company has a market cap of $267.51 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.19 and a beta of 1.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The Goldman Sachs Group, Inc. has a 52 week low of $478.58 and a 52 week high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results 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 company's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.95 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

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

Insider Activity

In related news, CAO Sheara J. Fredman sold 4,863 shares of the business's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the completion of the transaction, the chief accounting officer owned 10,301 shares in the company, valued at approximately $9,515,548.75. The trade was a 32.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 13,151 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the transaction, the executive vice president owned 39,007 shares of the company's stock, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 117,283 shares of company stock valued at $112,016,033. 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 traders report record “fast-money” flows into U.S. equities, which boosts expectations for elevated trading revenue and P&L for the bank’s markets business. Goldman Traders See Record Fast-Money Heading Into US Stocks
• Positive Sentiment: The Fed has closed its 2018 FX enforcement action against Goldman after compliance upgrades, removing a long‑standing regulatory overhang and lowering legal/compliance risk. GS Clears Regulatory Hurdle as Fed Ends 2018 FX Enforcement Action
• Positive Sentiment: Reports say Goldman is quietly offering share‑backed financing to help shepherd the SpaceX IPO, signaling lucrative advisory and capital‑markets roles on potential mega‑IPOs. That can translate into fee income and client-engagement upside. Goldman Sachs Offers Share-Backed Loans Behind the Scenes to Shepherd SpaceX IPO – Source
• Positive Sentiment: Unite Group and a student‑housing landlord hired Goldman to run asset sales and portfolio repositioning, highlighting ongoing advisory mandate wins that support investment‑banking fee prospects. Student Landlord Unite Hires Goldman to Ramp up Asset Sales
• Positive Sentiment: Analysts and coverage pieces (Zacks, MarketBeat) point to earnings strength and recent price momentum, keeping investor focus on GS’s diversified revenue mix and strong ROE as catalysts. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Neutral Sentiment: UBS trimmed its price target on GS to $930 (from $990) but kept a Neutral rating — a modest headwind for sentiment but not a change in consensus conviction. UBS Lowers Goldman Sachs (GS) Target Despite Stable Long-Term Estimates
• Neutral Sentiment: Coverage pieces on Goldman’s HALO trade and product innovations are being circulated; they underscore the firm’s client‑facing strategy but have mixed near‑term flow implications. Goldman’s HALO Trade Could Be the 2026 Edge Investors Are Missing
• Negative Sentiment: Goldman’s private‑credit fund narrowly avoided a redemption crisis, a reminder of liquidity and product‑risk exposures in its asset‑management arm that could weigh on investor confidence if issues recur. Goldman Sachs private credit fund narrowly misses a redemption crisis

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).

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.