Rep. Jefferson Shreve Unloads Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Goldman Sachs Group, Inc. (NYSE:GS). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in The Goldman Sachs Group stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

The Goldman Sachs Group Stock Down 2.0%

Shares of NYSE GS opened at $709.40 on Friday. The firm’s 50-day moving average is $669.82 and its two-hundred day moving average is $610.85. The company has a market capitalization of $217.67 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $737.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The Goldman Sachs Group’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.62 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 26.44%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. HSBC reiterated a “reduce” rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $660.00.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oarsman Capital Inc. lifted its position in The Goldman Sachs Group by 1.5% during the 2nd quarter. Oarsman Capital Inc. now owns 5,438 shares of the investment management company’s stock worth $3,849,000 after acquiring an additional 81 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of The Goldman Sachs Group by 31.5% during the second quarter. Bank of Jackson Hole Trust now owns 834 shares of the investment management company’s stock worth $590,000 after purchasing an additional 200 shares in the last quarter. Providence First Trust Co boosted its stake in shares of The Goldman Sachs Group by 0.9% in the second quarter. Providence First Trust Co now owns 2,845 shares of the investment management company’s stock valued at $2,014,000 after purchasing an additional 24 shares during the period. Pettee Investors Inc. grew its holdings in The Goldman Sachs Group by 12.8% during the 2nd quarter. Pettee Investors Inc. now owns 2,733 shares of the investment management company’s stock valued at $1,934,000 after purchasing an additional 310 shares in the last quarter. Finally, Zhang Financial LLC increased its stake in The Goldman Sachs Group by 1.6% during the 2nd quarter. Zhang Financial LLC now owns 5,843 shares of the investment management company’s stock worth $4,135,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock worth $14,423,221 in the last quarter. 0.55% of the stock is owned by corporate insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.