Truist Financial Corp Cuts Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Truist Financial reduced its stake in The Goldman Sachs Group by 1.8%, selling 3,395 shares and leaving it with 184,480 shares valued at about $162.16 million (roughly a 0.06% ownership).
• Goldman Sachs beat expectations in the latest quarter, reporting $17.55 EPS versus $15.92 expected and $17.23 billion in revenue (up 14.4% year‑over‑year).
• The firm announced a $4.50 quarterly dividend (annualized $18, yield ~1.9%, ex-dividend June 1), while insiders were net sellers last quarter—including the CFO selling 11,623 shares—with insiders now owning about 0.55% of the stock.

Truist Financial Corp decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,480 shares of the investment management company's stock after selling 3,395 shares during the quarter. Truist Financial Corp owned 0.06% of The Goldman Sachs Group worth $162,158,000 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. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $25,000. Corundum Trust Company INC acquired a new position in shares of The Goldman Sachs Group in the third quarter worth $29,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Graney & King LLC grew its stake in shares of The Goldman Sachs Group by 51.5% in the second quarter. Graney & King LLC now owns 50 shares of the investment management company's stock worth $35,000 after acquiring an additional 17 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of The Goldman Sachs Group by 114.3% in the third quarter. True Wealth Design LLC now owns 45 shares of the investment management company's stock worth $36,000 after acquiring an additional 24 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

Shares of GS stock opened at $923.32 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.56. The firm has a fifty day moving average price of $869.26 and a 200 day moving average price of $867.57. The company has a market cap of $272.37 billion, a P/E ratio of 16.87, a PEG ratio of 1.19 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 12 month low of $547.06 and a 12 month high of $984.70.

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

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group's payout ratio is presently 32.89%.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 11,623 shares of the business's stock in a transaction on Monday, February 9th. The shares were 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. The trade was a 28.37% 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, insider Alex S. Golten sold 1,200 shares of the business's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $933.30, for a total transaction of $1,119,960.00. Following the transaction, the insider owned 4,809 shares of the company's stock, valued at approximately $4,488,239.70. The trade was a 19.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 32,001 shares of company stock worth $30,367,306. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GS shares. BNP Paribas Exane dropped their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating for the company in a research note on Friday, April 24th. 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. Barclays boosted their price target on shares of 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. Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Finally, Royal Bank Of Canada restated a "neutral" rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $922.71.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman is a partner in a reported $1.5 billion Anthropic joint venture with Blackstone to deliver enterprise AI tools and services to private-equity portfolio companies — a direct business opportunity for Goldman in advisory, distribution and private markets fees. Anthropic Eyes $1.5 Billion Joint Venture with Blackstone, Goldman Sachs
• Positive Sentiment: Goldman Research staff appear bullish on broader market upside (S&P 500 target commentary cited in an AI stocks roundup), which supports risk-on positioning and underwriting activity that can benefit Goldman’s trading and investment banking businesses. 10 Most Promising AI Stocks to Invest In
• Neutral Sentiment: Goldman analysts say Japan has the capacity to repeat yen interventions many times at recent scales — a macro insight that markets follow but is unlikely to move Goldman’s fundamentals directly. Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says
• Neutral Sentiment: Goldman’s commodity research finds Russia’s crude exports have remained fairly stable despite recent U.S. sanctions — important for oil market context but only indirectly tied to Goldman’s core revenue drivers. Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
• Negative Sentiment: Goldman’s own research warning that the AI “boom” is seeing returns lag spending introduces skepticism about durable revenue gains from AI adoption — this can pressure AI-related stock valuations and trading volumes. AI boom faces reality check as returns lag behind massive spending
• Negative Sentiment: Goldman research noting hedge funds are cutting tech positions at the fastest pace in a decade is a headwind for tech/AI flow-driven trading and could reduce fee/trading volatility that benefits Goldman. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports

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.

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