Capital Asset Advisory Services LLC Lowers Position in The Goldman Sachs Group, Inc. $GS

Capital Asset Advisory Services LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,859 shares of the investment management company’s stock after selling 740 shares during the period. Capital Asset Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $6,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of GS. Norges Bank bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $2,515,830,000. Corient Private Wealth LLC lifted its holdings in The Goldman Sachs Group by 1,657.7% during the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock worth $2,282,312,000 after buying an additional 2,448,767 shares during the period. Wellington Management Group LLP lifted its holdings in The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after buying an additional 936,015 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock valued at $488,947,000 after acquiring an additional 450,984 shares in the last quarter. Finally, Diamant Asset Management Inc. boosted its position in The Goldman Sachs Group by 84,499.0% during the 1st quarter. Diamant Asset Management Inc. now owns 422,995 shares of the investment management company’s stock valued at $35,785,000 after acquiring an additional 422,495 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs and other major banks passed the Federal Reserve’s 2026 stress tests, paving the way for higher dividends and reinforcing confidence in capital strength and shareholder returns. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test
• Positive Sentiment: Analysts continue to see Goldman Sachs as positioned to beat earnings estimates, with expectations that trading and banking activity could support another strong quarterly report. Why Goldman (GS) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Goldman’s private credit fund reported relatively low redemption requests, suggesting its private-markets business is holding up better than some peers amid industry turbulence. Goldman private credit fund escapes redemption pressure again
• Neutral Sentiment: Goldman named Bosworth as acting general counsel, a routine leadership update that is unlikely to move the stock by itself. Goldman Sachs names Bosworth as acting general counsel
• Negative Sentiment: Oppenheimer turned more cautious on major U.S. banks, with one report specifically arguing investors may want to take profits after the sector’s strong run, which could create some pressure on Goldman shares. America’s Biggest Banks Passed Their Stress Tests. Now They’re Showering Investors With Cash.

Analysts Set New Price Targets

Several research firms have recently commented on GS. Jefferies Financial Group reduced their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Rothschild & Co Redburn raised their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley lifted their target price on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the company an “equal weight” rating in a research note on Monday. CICC Research increased their price target on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Finally, Oppenheimer cut shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $974.18.

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 sale, the insider owned 15,657 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 in the last three months. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $1,019.78 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $691.30 and a 12 month high of $1,125.00. The stock has a fifty day moving average price of $1,002.16 and a 200-day moving average price of $931.30. 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 $300.85 billion, a PE ratio of 18.64, a P/E/G ratio of 1.31 and a beta of 1.30.

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 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 firm had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter last year, the firm earned $14.12 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.79 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

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.