Contravisory Investment Management Inc. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,310 shares of the investment management company’s stock after selling 562 shares during the period. The Goldman Sachs Group accounts for 2.1% of Contravisory Investment Management Inc.’s holdings, making the stock its 10th biggest holding. Contravisory Investment Management Inc.’s holdings in The Goldman Sachs Group were worth $10,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the stock. Acropolis Investment Management LLC grew its stake in The Goldman Sachs Group by 1.8% in the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock worth $554,000 after purchasing an additional 11 shares in the last quarter. Walkner Condon Financial Advisors LLC raised its position in The Goldman Sachs Group by 2.0% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock valued at $505,000 after purchasing an additional 11 shares in the last quarter. Optas LLC raised its position in The Goldman Sachs Group by 0.4% during the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after purchasing an additional 11 shares in the last quarter. Pines Wealth Management LLC lifted its holdings in shares of 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 buying an additional 11 shares during the period. Finally, Welch & Forbes LLC grew its position in shares of The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after buying an additional 11 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,681 shares of company stock valued at $31,737,875 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.
Trending Headlines about The Goldman Sachs Group
- Positive Sentiment: Goldman Sachs boosted its dividend after passing the Federal Reserve’s 2026 stress test, signaling stronger capital resilience and leaving room for larger shareholder returns. Goldman Sachs Increases Dividend After Strong Fed Review
- Positive Sentiment: Wells Fargo raised its price target on Goldman Sachs to $1,195 and kept an Overweight rating, implying more upside if earnings and trading results stay strong. Wells Fargo target raise on Goldman Sachs
- Positive Sentiment: Analysts said Goldman’s equities trading revenue could top $5 billion again in Q2, reflecting sustained market volatility and active client trading that should support results. Goldman’s Equities Trading Momentum Points to Another Strong Quarter
- Positive Sentiment: Goldman Sachs is expected to post double-digit earnings growth in its upcoming second-quarter report, which could further support the stock if it beats expectations. Here’s What to Expect From Goldman Sachs’ Next Earnings Report
- Neutral Sentiment: Rothschild & Co Redburn lifted its price target to $920 but kept a Neutral rating, which suggests a more cautious view despite the higher target. Rothschild & Co Redburn adjusts PT on Goldman Sachs
- Neutral Sentiment: Goldman also remained active in advisory and financing markets, including leading a $110 million AI-focused funding round for Taktile, highlighting continued deal-making but not a direct stock catalyst. Taktile Secures $110M in Goldman Sachs-Led Series C to Power AI Transformation in Financial Institutions
- Negative Sentiment: One market note said Goldman Sachs increased its estimate of U.S. jobs displaced by generative AI to more than 9% over 10 years, a headline that could feed broader concerns about labor disruption and regulation. Goldman Sachs Says AI Will Eliminate 15 Million US Jobs
The Goldman Sachs Group Trading Down 1.1%
GS opened at $1,065.08 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The firm has a market cap of $314.21 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.40 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $670.51 and a 12 month high of $1,125.00. The stock has a fifty day moving average price of $993.94 and a 200-day moving average price of $927.55.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter last year, the company earned $14.12 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.
Analyst Ratings Changes
Several brokerages have recently commented on GS. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the company an “overweight” rating in a research note on Wednesday. Daiwa Securities Group upped their price objective on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Bank of America dropped their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Finally, Rothschild & Co Redburn boosted their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $960.68.
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.
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