The Goldman Sachs Group, Inc. $GS Stock Sold by State of Alaska Department of Revenue

Posted by Stanley Muller on Oct 15th, 2026

State of Alaska Department of Revenue reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,082 shares of the investment management company’s stock after selling 1,322 shares during the period. State of Alaska Department of Revenue’s holdings in The Goldman Sachs Group were worth $31,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. BlackRock Inc. acquired a new position in The Goldman Sachs Group during the second quarter worth about $24,172,123,000. Bank of America Corp DE acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $6,756,772,000. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $69,537,544,000. Corient Private Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 1,657.7% in the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after purchasing an additional 2,448,767 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $2,560,028,000. 71.21% of the stock is currently owned by institutional investors.

Key Headlines Impacting The Goldman Sachs Group

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

Positive Sentiment: Goldman reported $17.01 in adjusted EPS and $18.68 billion in revenue, exceeding estimates of $12.86 and $16.83 billion, respectively. Revenue increased 23% year over year, supported by a 72% surge in equities revenue and 21% growth in investment-banking fees. Goldman Q3 Earnings Beat on Strong Equities and Investment Banking Revenues
Positive Sentiment: The firm also reported record or near-record activity across several businesses, including $4.1 trillion in assets under supervision and $2.1 trillion in wealth-management assets. CEO David Solomon said capital-markets activity remains strong and that Goldman is not pursuing a leadership transition. Goldman Sachs Profits Jump as CEO Says No Plans to Exit
Neutral Sentiment: Goldman declared a $5-per-share quarterly dividend, equivalent to $20 annually and a roughly 2.3% yield. Its Builders and Innovators Summit recognitions and new alternatives transactions provide visibility for the franchise but are unlikely to materially affect near-term earnings. Big Banks Report Strong Earnings—So Why Are Shares Falling?
Negative Sentiment: Despite the results, investors are selling the stock amid hotter inflation data, concerns that abrupt interest-rate moves could pressure trading and financing activity, and broader market weakness. Analysts at Citi and RBC cut their price targets to $1,000 and $1,010 and kept neutral or sector-perform ratings, while Morgan Stanley maintained a Hold rating because of late-cycle risks. Analysts Lower Forecasts on Goldman Sachs After Q3 Results
Negative Sentiment: The reaction reflects a market-wide shift in which strong earnings are being treated as insufficient when expectations and valuations are already elevated. Rising AI-related financing costs and uncertainty over the sustainability of dealmaking gains add to the pressure. Why Great Earnings Are Being Punished Right Now

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Weiss Ratings downgraded The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Royal Bank Of Canada cut their price target on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,050.55.

Read Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 0.5%

NYSE GS traded up $4.53 on Thursday, reaching $883.25. The company had a trading volume of 1,304,978 shares, compared to its average volume of 2,214,724. The firm has a market cap of $257.18 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.98 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The business has a 50 day moving average of $980.74 and a two-hundred day moving average of $989.49.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the previous year, the business earned $12.25 EPS. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group, Inc. will post 67.48 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.