Triasima Portfolio Management inc. Raises Holdings in The Goldman Sachs Group, Inc. $GS

Triasima Portfolio Management inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,287 shares of the investment management company’s stock after buying an additional 2,049 shares during the quarter. Triasima Portfolio Management inc.’s holdings in The Goldman Sachs Group were worth $6,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Hartline Investment Corp raised its position in The Goldman Sachs Group by 153.3% in the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 860 shares during the period. A4 Wealth Advisors LLC purchased a new position in The Goldman Sachs Group in the third quarter valued at about $940,000. Stevens Capital Management LP purchased a new position in The Goldman Sachs Group in the third quarter valued at about $1,392,000. Meridian Wealth Management LLC raised its position in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares during the period. Finally, AlTi Global Inc. raised its position in The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after purchasing an additional 13,879 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the topic of several research reports. Argus raised their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Morgan Stanley cut their price objective on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Jefferies Financial Group cut their price objective on 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. JPMorgan Chase & Co. reissued a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Finally, Daiwa Securities Group cut their price objective on The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $922.71.

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the transaction, the executive vice president directly owned 39,007 shares in the company, valued at approximately $37,408,883.21. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex S. Golten sold 1,200 shares of The Goldman Sachs Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $933.30, for a total value of $1,119,960.00. Following the completion of the transaction, the insider owned 4,809 shares of the company’s stock, valued at $4,488,239.70. This trade represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 32,001 shares of company stock worth $30,367,306. Corporate insiders own 0.55% 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 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 Stock Down 0.0%

Shares of NYSE GS opened at $923.32 on Monday. The firm has a market cap of $272.37 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.19 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 stock’s 50-day simple moving average is $869.26 and its 200-day simple moving average is $867.57. 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $14.12 earnings per share. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

About The Goldman Sachs Group

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.