iA Global Asset Management Inc. Reduces Position in The Goldman Sachs Group, Inc. $GS

iA Global Asset Management Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 19,295 shares of the investment management company’s stock after selling 1,348 shares during the quarter. iA Global Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $16,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Dagco Inc. purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC lifted its stake in 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 worth $27,000 after purchasing an additional 23 shares in the last quarter. Steph & Co. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock valued at $31,737,875 in the last ninety days. Insiders own 0.55% of the company’s stock.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs continues to generate bullish market commentary, including forecasts that gold could rise to $4,900 and that AI-driven earnings growth could lift the S&P 500, reinforcing the firm’s influence and visibility with investors.
• Positive Sentiment: Goldman’s research team highlighted several AI software names and reiterated a constructive outlook for earnings season, signaling confidence in sector opportunities and market conditions.
• Positive Sentiment: The company recently raised its dividend and continues to benefit from a rebound in investment banking fees, which points to improving capital-return and operating trends. Article Title
• Neutral Sentiment: Goldman Sachs was reclassified in major Russell indexes, moving out of some growth benchmarks and into value/defensive categories, which could affect passive fund flows but does not change fundamentals directly.
• Neutral Sentiment: Several Wall Street firms raised price targets on Goldman Sachs, suggesting valuation support remains, though ratings were mostly still neutral rather than outright bullish.
• Negative Sentiment: Oppenheimer turned cautious on major U.S. banks and suggested investors take profits after the sector’s strong run, a headline that may be pressuring Goldman Sachs shares today.
• Negative Sentiment: Another report framed Goldman Sachs and peers as stocks to sell after fresh highs, reinforcing concerns that the recent rally may be running out of room.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Oppenheimer downgraded The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday. Evercore lowered their price objective on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Jefferies Financial Group dropped their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Morgan Stanley raised their target price on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the stock an “equal weight” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $974.18.

The Goldman Sachs Group Price Performance

GS stock opened at $1,012.17 on Wednesday. The business has a fifty day moving average of $1,000.56 and a two-hundred day moving average of $930.53. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The stock has a market cap of $298.60 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52-week low of $691.30 and a 52-week high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $14.12 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.79 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

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.