Olstein Capital Management L.P. Trims Stock Holdings in The Goldman Sachs Group, Inc. $GS

Olstein Capital Management L.P. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 57.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,500 shares of the investment management company’s stock after selling 2,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in The Goldman Sachs Group were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Vanguard Group Inc. lifted its holdings in The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after purchasing an additional 418,820 shares in the last quarter. Jennison Associates LLC boosted its position in shares of The Goldman Sachs Group by 40.8% in the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock worth $1,189,293,000 after purchasing an additional 392,319 shares during the period. Danske Bank A S purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $178,941,000. Finally, Evergreen Capital Management LLC increased its stake in shares of The Goldman Sachs Group by 11,400.3% in the third quarter. Evergreen Capital Management LLC now owns 212,180 shares of the investment management company’s stock worth $168,970,000 after purchasing an additional 210,335 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BNP Paribas Exane lowered their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. HSBC increased their price target on The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday. Weiss Ratings raised The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Daiwa Securities Group upped their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $926.76.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman is a founding investor in a new AI services venture with Anthropic and private‑equity partners — a strategic move that could create recurring AI services revenue and deepen client ties. Anthropic and Wall Street Giants Join Forces to Create New A.I. Firm
• Positive Sentiment: Recent quarter beat (Q1 EPS $17.55 vs. $15.92 est.; revenue $17.23B) reinforces that core trading, asset management and advisory profitability remain intact, supporting valuation. The Goldman Sachs Group Trading Up 1.7%
• Positive Sentiment: Goldman announced a quarterly dividend ($4.50 per share; $18 annualized) — a cash return that can support investor sentiment amid uncertainty. GS Dividend Notice
• Positive Sentiment: Goldman research remains influential across tech and energy — analysts reiterated/raised targets on major chip names (Nvidia, AMD) and flagged energy inventory risks, underscoring the firm’s revenue exposure from trading and research services. Goldman Sachs Raises Nvidia Estimates
• Neutral Sentiment: UBS and Daiwa nudged GS price targets slightly higher (UBS to $940; Daiwa to $930) but kept conservative/neutral stances — a modest valuation tailwind without changing consensus view. UBS Adjusts GS Price Target
• Neutral Sentiment: Management changes (additions to the management committee; new CAO appointment) are operationally relevant but not immediate earnings drivers. Goldman Sachs Adds to Management Committee
• Negative Sentiment: Insider selling: Chief Accounting Officer Sheara Fredman sold 10,301 shares (~62% reduction in disclosed holding), a headline that can weigh on sentiment even if driven by non‑company factors. Insider Sale Filing
• Negative Sentiment: Some sell‑side skepticism remains: HSBC kept a “reduce” stance (despite a higher PT), signaling persistent valuation concerns that could cap upside until AI/earnings narratives prove durable. HSBC Adjusts GS Price Target

The Goldman Sachs Group Stock Performance

GS opened at $924.95 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.66 and a current ratio of 0.63. The stock has a market capitalization of $272.87 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.21 and a beta of 1.28. The company has a fifty day moving average of $870.56 and a 200 day moving average of $871.13. The Goldman Sachs Group, Inc. has a fifty-two week low of $558.21 and a fifty-two week high of $984.70.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly 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 net margin of 14.13% and a return on equity of 16.53%. The business had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter in the previous year, the company earned $14.12 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the sale, the executive vice president owned 39,007 shares of the company’s stock, valued at $37,408,883.21. The trade was a 25.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,302 shares of company stock valued at $39,938,686 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

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.