The Goldman Sachs Group, Inc. $GS Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 346,826 shares of the investment management company's stock after acquiring an additional 8,073 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of The Goldman Sachs Group worth $304,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Acropolis Investment Management LLC lifted its holdings in The Goldman Sachs Group by 1.8% in the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock valued at $554,000 after acquiring an additional 11 shares during the last quarter. Walkner Condon Financial Advisors LLC lifted its holdings in The Goldman Sachs Group by 2.0% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock valued at $505,000 after acquiring an additional 11 shares during the last quarter. Optas LLC lifted its holdings in The Goldman Sachs Group by 0.4% in the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company's stock valued at $2,244,000 after acquiring an additional 11 shares during the last quarter. Pines Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 0.4% in the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock valued at $2,255,000 after acquiring an additional 11 shares during the last quarter. Finally, Terra Nova Asset Management LLC lifted its holdings in The Goldman Sachs Group by 0.5% in the fourth quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company's stock valued at $2,329,000 after acquiring an additional 12 shares during the last quarter. Institutional investors and hedge funds own 71.21% 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 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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a "market perform" rating in a research report on Monday, April 20th. HSBC upped their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday. Weiss Ratings raised shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, April 24th. Daiwa Securities Group upped their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Rothschild & Co Redburn upped their target price on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $926.29.

Insider Buying and Selling

In other news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,302 shares of company stock valued at $39,938,686 in the last three months. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 1.7%

Shares of GS opened at $918.35 on Wednesday. The stock has a market capitalization of $270.91 billion, a PE ratio of 16.78, a P/E/G ratio of 1.16 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 1 year low of $547.06 and a 1 year high of $984.70. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.66 and a current ratio of 0.63. The company's 50-day simple moving average is $869.18 and its 200-day simple moving average is $868.63.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly 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 business had revenue of $17.23 billion for the quarter, compared to analysts' expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $14.12 earnings per share. Analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group's dividend payout ratio is currently 32.89%.

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.

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.