The Goldman Sachs Group, Inc. $GS Shares Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 32.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,293 shares of the investment management company’s stock after purchasing an additional 807 shares during the period. Evolve Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in GS. Dagco Inc. bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $25,000. Garton & Associates Financial Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC boosted its stake in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Lifetime Wealth Management P.C. acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $29,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth about $31,000. 71.21% of the stock is currently owned by institutional investors.

Key Stories Impacting The Goldman Sachs Group

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

• Negative Sentiment: Goldman Sachs lowered its 2026 year-end gold target by $500 to $4,900, reflecting reduced expectations for Fed rate cuts and increasing risk of rate hikes. Gold Price Target Slashed by Goldman on Fed Rate Hike Risk
• Negative Sentiment: Multiple follow-up reports echoed Goldman’s more cautious gold outlook, reinforcing the view that tighter monetary policy could keep pressure on bullion prices. The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500
• Neutral Sentiment: Goldman also said its gold view remains structurally constructive over the long term, but tactically cautious in the near term as policy uncertainty persists. Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
• Neutral Sentiment: Separately, Goldman Sachs was mentioned in coverage on oil and shipping flows through Hormuz, but that commentary appears more macro-focused than directly material to GS shares. Hormuz Reopens, Yet Businesses Warn Oil Crisis Isn’t Over

The Goldman Sachs Group Stock Performance

GS opened at $1,099.46 on Monday. 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 cap of $324.35 billion, a PE ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 1.30. The business has a fifty day simple moving average of $979.32 and a 200-day simple moving average of $920.51. The Goldman Sachs Group, Inc. has a fifty-two week low of $630.01 and a fifty-two week high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 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 analyst estimates of $16.66 billion. During the same period in the previous year, the firm earned $14.12 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Insider Activity

In other news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Dbs Bank raised their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Daiwa Securities Group raised their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Finally, HSBC boosted their price target on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $941.82.

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.