Matrix Asset Advisors Inc. NY Sells 2,635 Shares of The Goldman Sachs Group, Inc. $GS

29 Jun 2026, 10:01 by Michael Walen · The Markets Daily

Matrix Asset Advisors Inc. NY cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,361 shares of the investment management company’s stock after selling 2,635 shares during the quarter. The Goldman Sachs Group comprises approximately 2.0% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 20th largest position. Matrix Asset Advisors Inc. NY’s holdings in The Goldman Sachs Group were worth $21,455,000 at the end of the most recent quarter.

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

The Goldman Sachs Group Stock Performance

GS opened at $1,021.45 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 stock’s 50 day moving average price is $996.38 and its two-hundred day moving average price is $928.65. The firm has a market capitalization of $301.34 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $685.39 and a 12-month high of $1,125.00.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 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 during the quarter, compared to analyst estimates of $16.66 billion. During the same period in the previous year, the company earned $14.12 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business 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 dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.8%. The Goldman Sachs Group’s payout ratio is 32.89%.

More The Goldman Sachs Group News

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

Positive Sentiment: Goldman Sachs highlighted three stocks positioned to benefit from the projected $757 billion AI capex supercycle, reinforcing its influence and constructive stance on major growth themes. Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle
Positive Sentiment: Investors are looking ahead to Goldman Sachs’ second-quarter earnings, with expectations for double-digit earnings growth, which could support sentiment if results confirm strength in trading and investment banking. Here’s What to Expect From Goldman Sachs’ Next Earnings Report
Neutral Sentiment: Rothschild & Co Redburn raised its price target on Goldman Sachs but maintained a neutral rating, suggesting the shares may be fairly valued after their run-up. MarketScreener report on Rothschild & Co Redburn target change
Neutral Sentiment: Goldman Sachs remains in the market spotlight, with investors heavily searching the stock and watching for catalysts, but this is more a sentiment indicator than a direct fundamental driver. Investors Heavily Search The Goldman Sachs Group, Inc. (GS): Here is What You Need to Know

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction 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 completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,681 shares of company stock valued at $31,737,875 in the last 90 days. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Daiwa Securities Group upped their price target on 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. CICC Research raised their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Morgan Stanley set a $900.00 price objective on The Goldman Sachs Group in a research note on Friday, June 12th. Jefferies Financial Group reduced their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Dbs Bank upped their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $960.68.

Read Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Company Profile

(Free Report)

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.