The Goldman Sachs Group, Inc. $GS Shares Sold by Heartland Bank & Trust Co

Key Points

• Heartland Bank & Trust Co. cut its stake in The Goldman Sachs Group by 85.4%, selling 1,502 shares and leaving it with 257 shares worth about $226,000 per its SEC filing.
• Company insiders have sold a total of 32,001 shares valued at approximately $30.37M in the past three months, including CFO Denis P. Coleman’s sale of 11,623 shares and Alex S. Golten’s sale of 1,200 shares.
• Goldman beat Q1 estimates with $17.55 EPS (vs. $15.92 est.) and $17.23B revenue, and announced a quarterly dividend of $4.50 (annualized $18, yield 2.0%) payable June 29 with an ex-dividend date of June 1.

Heartland Bank & Trust Co lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 85.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 257 shares of the investment management company's stock after selling 1,502 shares during the quarter. Heartland Bank & Trust Co's holdings in The Goldman Sachs Group were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Acropolis Investment Management LLC grew its position in The Goldman Sachs Group by 1.8% during the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock valued at $554,000 after buying an additional 11 shares during the period. Walkner Condon Financial Advisors LLC grew its position in The Goldman Sachs Group by 2.0% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock valued at $505,000 after buying an additional 11 shares during the period. Optas LLC grew its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company's stock valued at $2,244,000 after buying an additional 11 shares during the period. Pines Wealth Management LLC grew its position in The Goldman Sachs Group by 0.4% during 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 buying an additional 11 shares during the period. Finally, Terra Nova Asset Management LLC grew its position in shares of 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 purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman is a lead partner in a new enterprise AI services joint venture with Anthropic, Blackstone and Hellman & Friedman that will deploy Anthropic’s Claude model into private‑equity portfolio companies; the tie-up (reported as a ~$1.5B initiative with large commitments from investors) could generate advisory/implementation fees, expand Goldman's private markets product set and give the bank early access to AI capabilities. Goldman, Blackstone partner with Anthropic on AI services firm
• Neutral Sentiment: Goldman’s research flags a “reality check” for the AI boom — adoption is accelerating but measurable financial payoffs remain limited for many companies, which could temper expectations for near‑term revenue upside from AI-driven client activity. AI boom faces reality check as returns lag behind massive spending
• Neutral Sentiment: Goldman’s macro/commodities team projects materially higher gold prices (reports cite ~ $5,400 year‑end target), a call that underscores the bank’s influential market research but has an indirect effect on GS’s own earnings outside trading and markets revenues. Binance Gold Reserves Soar 344% as Wall Street Eyes New Highs for Gold in 2026
• Neutral Sentiment: Goldman research noting hedge funds are cutting tech exposure at the fastest pace in a decade highlights market‑wide positioning shifts; that can affect GS’s trading and prime brokerage flows but is not a direct company operational update. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports
• Negative Sentiment: HSBC raised its Goldman Sachs price target to $765 but kept a "Reduce" rating — the maintained cautious rating and a PT below the current share price is a negative near‑term signal for sentiment among some institutional investors. HSBC adjusts price target on Goldman Sachs to 765
• Negative Sentiment: Goldman faced public pushback over a survey headline (widely shared claim that many high‑earners live paycheck‑to‑paycheck), which has drawn media scrutiny and could be a reputational headwind for consumer‑facing research/retail narratives. Ben Carlson Calls Out the Goldman Survey

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $902.91 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.10 and a quick ratio of 0.66. The firm has a market capitalization of $266.35 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.19 and a beta of 1.28. The company's 50-day moving average is $869.26 and its two-hundred day moving average is $867.57. The Goldman Sachs Group, Inc. has a 1-year low of $547.06 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same period in the prior year, the business posted $14.12 EPS. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group's dividend payout ratio is currently 32.89%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,200 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 4,809 shares in the company, valued at approximately $4,488,239.70. This represents a 19.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 11,623 shares of the company's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the transaction, the chief financial officer owned 29,342 shares in the company, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 32,001 shares of company stock worth $30,367,306. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GS shares. Jefferies Financial Group dropped their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. BMO Capital Markets boosted 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 report on Monday, April 20th. Autonomous Res decreased their target price on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating on the stock in a report on Thursday, January 15th. UBS Group reiterated a "neutral" rating and issued a $930.00 target price on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, BNP Paribas Exane decreased their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $924.43.

The Goldman Sachs Group Company 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.

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