Washington Trust Bank Has $25.10 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Washington Trust Bank lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,550 shares of the investment management company’s stock after selling 1,263 shares during the period. The Goldman Sachs Group makes up about 1.8% of Washington Trust Bank’s holdings, making the stock its 14th biggest holding. Washington Trust Bank’s holdings in The Goldman Sachs Group were worth $25,095,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $25,000. Manning & Napier Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Corundum Trust Company INC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $29,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Graney & King LLC lifted its stake in shares of The Goldman Sachs Group by 51.5% in the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GS shares. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research note on Friday, January 16th. Autonomous Res dropped their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Jefferies Financial Group dropped 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 note on Monday, April 6th. Finally, UBS Group raised their price objective on The Goldman Sachs Group from $930.00 to $940.00 in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $942.24.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs Alternatives announced the acquisition of FGI Worldwide, a move that expands its private equity platform and broadens FGI’s working-capital financing and trade-credit insurance offerings. The deal suggests Goldman is continuing to grow its alternatives franchise, which can support fee-based revenue over time. Article: Goldman Sachs Alternatives acquires FGI Worldwide
• Positive Sentiment: Analysts and market commentary continue to highlight Goldman Sachs’ solid momentum, with one report noting the stock has rallied strongly over the past year as investment banking rebounds, AI-related initiatives expand, and the firm streamlines operations. That narrative can reinforce investor confidence in GS’ earnings power and valuation support. Article: Goldman soars 58.4% in a year: how to play the stock now?
• Neutral Sentiment: Goldman Sachs also published research and market calls on currencies, Asian markets, and U.S. rates, including a delayed forecast for Federal Reserve rate cuts to late 2026. These views matter for trading sentiment, but they are more macro commentary than direct company news. Article: Goldman Sachs delays Fed cut outlook to December 2026
• Negative Sentiment: The main potential headwind is Goldman’s more hawkish rate outlook, which signals sticky inflation and higher-for-longer borrowing costs. That could weigh on broader markets and risk appetite, even if it does not directly change Goldman’s operating outlook today. Article: Goldman, BofA Delay Fed Cut Calls After ‘Last Straw’ Jobs Data

The Goldman Sachs Group Stock Performance

GS opened at $945.38 on Tuesday. The business’s 50-day moving average price is $871.19 and its two-hundred day moving average price is $873.66. The Goldman Sachs Group, Inc. has a 1 year low of $582.50 and a 1 year high of $984.70. The company has a market capitalization of $278.90 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.21 and a beta of 1.28. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter last year, the business posted $14.12 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS 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. Shareholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction dated 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 owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 42,679 shares of company stock worth $40,272,963. Company insiders own 0.55% of the company’s stock.

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.