Prudential PLC Decreases Stake in The Goldman Sachs Group, Inc. $GS

Prudential PLC lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,840 shares of the investment management company’s stock after selling 1,257 shares during the quarter. Prudential PLC’s holdings in The Goldman Sachs Group were worth $29,745,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC increased its holdings in The Goldman Sachs Group by 1.8% in the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock worth $554,000 after acquiring an additional 11 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock worth $505,000 after acquiring an additional 11 shares during the last quarter. Optas LLC increased its holdings in The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock worth $2,244,000 after acquiring an additional 11 shares during the last quarter. Pines Wealth Management LLC increased its holdings in The Goldman Sachs Group by 0.4% in the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after acquiring an additional 11 shares during the last quarter. Finally, Welch & Forbes LLC increased its holdings in The Goldman Sachs Group by 0.8% in the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total value of $9,571,380.17. Following the transaction, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at $5,889,079.46. The trade was a 61.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 over the last three months. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Up 5.0%

GS stock opened at $1,093.03 on Friday. 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 firm has a market capitalization of $322.46 billion, a PE ratio of 19.98, a PEG ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group, Inc. has a twelve month low of $592.90 and a twelve month high of $1,095.90. The stock has a 50-day simple moving average of $932.60 and a two-hundred day simple moving average of $899.87.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data 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 company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the previous year, the firm earned $14.12 earnings per share. The Goldman Sachs Group’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.6%. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GS. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Morgan Stanley reduced their target price on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Dbs Bank lifted their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Evercore reduced their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $943.95.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is being positioned to benefit from a wave of high-profile IPO activity, with reports saying it is a lead bookrunner on SpaceX and will help lead Anthropic’s offering, reinforcing optimism about future banking and advisory revenue.
• Positive Sentiment: Goldman Sachs is also expanding its digital-assets push, launching a tokenized real estate fund with partners including Apex Group and Archax, which may support the firm’s image as an innovator in blockchain and asset tokenization.
• Neutral Sentiment: Several articles highlighted Goldman Sachs research and executives commenting positively on AI-driven market trends and investor appetite, but these were mostly commentary rather than direct company-specific financial updates.
• Neutral Sentiment: Goldman Sachs analysts also issued or adjusted ratings on other companies such as Broadcom, Accenture, Q2 Holdings, and Hewlett Packard Enterprise; these moves reflect the firm’s broader research activity but are not direct catalysts for GS shares.
• Negative Sentiment: There was also a recent note that Goldman Sachs shares had dipped more than the broader market in an earlier session, suggesting some volatility, though the latest news flow is more supportive overall.

The Goldman Sachs Group 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.