State of Michigan Retirement System Sells 7,406 Shares of The Goldman Sachs Group, Inc. $GS

State of Michigan Retirement System lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 78,567 shares of the investment management company’s stock after selling 7,406 shares during the quarter. State of Michigan Retirement System’s holdings in The Goldman Sachs Group were worth $69,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hartline Investment Corp boosted its position in shares of The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after buying an additional 860 shares during the last quarter. A4 Wealth Advisors LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter worth about $940,000. Stevens Capital Management LP purchased a new position in The Goldman Sachs Group in the 3rd quarter worth about $1,392,000. Meridian Wealth Management LLC lifted its stake in The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after acquiring an additional 659 shares during the period. Finally, AlTi Global Inc. lifted its stake in The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after acquiring an additional 13,879 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This represents a 30.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 2,846 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares in the company, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 35,119 shares of company stock worth $33,261,418. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $928.66 on Monday. The company has a 50-day moving average price of $868.83 and a 200-day moving average price of $863.42. The Goldman Sachs Group, Inc. has a 52 week low of $531.45 and a 52 week high of $984.70. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $273.94 billion, a P/E ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping 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 net margin of 14.13% and a return on equity of 16.02%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $14.12 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GS shares. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research note on Monday, April 20th. Autonomous Res lowered their price objective on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Rothschild & Co Redburn raised their target price on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Bank of America cut their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Daiwa Securities Group decreased their target price on shares of The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $922.71.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman reported a strong Q1 with revenue and EPS beats and an improving investment banking rebound — this underpins the firm’s earnings trajectory and supports medium-term upside. After Solid Q1
• Positive Sentiment: Goldman’s Alternatives arm is deploying $50M into BLP Digital (agentic AI for finance processes), signaling strategic investment in higher-growth, fee-generating areas. This can boost long-term fee income and product differentiation. Goldman Sachs Alternatives Invests $50M in BLP Digital
• Positive Sentiment: Goldman has been hired to advise on a potential stake sale for Princeton Digital Group (PDG) — an investment banking mandate that could generate meaningful fees if executed. Investment banking deal flow remains a key revenue driver. Warburg Pincus-Backed PDG Taps Goldman
• Neutral Sentiment: ING’s Polish unit completed a PLN 405m deal to take full control of Goldman Sachs TFI — a localized divestiture that reduces GS’s footprint in Poland but is small relative to the firm’s global scale. ING Takes Full Control of Goldman Sachs TFI
• Neutral Sentiment: Goldman Sachs Asset Management announced liquidation plans for two of its smaller fixed‑income ETFs — a tactical fund closure that reduces product complexity but has limited balance-sheet impact. GSAM Announces Liquidation of Two ETFs
• Negative Sentiment: Insider selling: Alex S. Golten sold 1,116 shares at about $936, trimming his position by ~30% — disclosed in an SEC filing. Visible insider sales can weigh on sentiment even when company fundamentals are solid. Insider Sale by Alex S. Golten
• Negative Sentiment: BNP Paribas Exane trimmed its price target to $940 (from $970) and left a neutral rating — a downgrade in target that reduces upside in some analyst models and can pressure sentiment. BNP Paribas Lowers PT to $940
• Negative Sentiment: BofA flagged investor caution on Goldman despite the solid quarter — reminders from major brokers to temper expectations can prompt profit-taking after the earnings run. BofA Flags Investor Caution

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.