The Goldman Sachs Group, Inc. $GS Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 69.1% in the 1st quarter, Holdings Channel reports. The fund owned 1,267 shares of the investment management company’s stock after selling 2,827 shares during the quarter. Legacy Capital Group California Inc.’s holdings in The Goldman Sachs Group were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after acquiring an additional 735 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of The Goldman Sachs Group by 22.2% in the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $972.00 to $1,070.00 and gave the stock a “market perform” rating in a research report on Monday, June 29th. Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Finally, Daiwa Securities Group raised their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $1,005.33.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s 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 transaction, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 33,681 shares of company stock valued at $31,737,875. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Down 0.8%

Shares of The Goldman Sachs Group stock opened at $1,047.08 on Tuesday. 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 Goldman Sachs Group, Inc. has a 12-month low of $691.30 and a 12-month high of $1,125.00. The firm has a market capitalization of $308.90 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.30. The stock’s fifty day moving average is $1,020.45 and its 200-day moving average is $939.94.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter last year, the firm posted $14.12 earnings per share. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 60.44 earnings per share for the current year.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Analysts expect Goldman Sachs to post another strong quarter, with bullish commentary pointing to solid trading activity, resilient capital-markets demand, improving wealth-management flows, and the possibility of an earnings beat versus Wall Street estimates.
• Positive Sentiment: Bank of America said major U.S. banks, including Goldman Sachs, could surprise to the upside as strong operating conditions may support higher earnings revisions for the second half of 2026 and into 2027.
• Positive Sentiment: Goldman Sachs’ involvement in advisory and financing activity remains supportive, including work tied to Saudi tech firm NourNet’s potential IPO and continued expansion in growth investing through Goldman Sachs Alternatives.
• Neutral Sentiment: Wall Street is focused on the broader bank-earnings slate this week, which could keep GS shares moving with sector sentiment rather than company-specific news until results are released.
• Neutral Sentiment: Goldman Sachs also published upbeat market views on Indian equities and other themes, but these are more reflective of the firm’s research franchise than an immediate driver of GS stock.
• Negative Sentiment: Some commentary flagged a possible downgrade and warned that Goldman Sachs’ strong run since 2022 may be fading, while a technical-analysis piece said the stock has pulled back and could be vulnerable into earnings. Article Title

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.