The Goldman Sachs Group, Inc. $GS Shares Sold by Heritage Investors Management Corp

Posted by George Bondi on Nov 2nd, 2026

Heritage Investors Management Corp lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 51,359 shares of the investment management company’s stock after selling 1,862 shares during the period. The Goldman Sachs Group makes up 1.3% of Heritage Investors Management Corp’s holdings, making the stock its 16th largest holding. Heritage Investors Management Corp’s holdings in The Goldman Sachs Group were worth $46,242,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GS. BlackRock Inc. acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at $24,172,123,000. Bank of America Corp DE bought a new position in shares of The Goldman Sachs Group in the second quarter valued at about $6,756,772,000. Orange County Employees Retirement System bought a new position in shares of The Goldman Sachs Group in the second quarter valued at about $69,537,544,000. Bank of New York Mellon Corp bought a new position in shares of The Goldman Sachs Group in the second quarter valued at about $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $2,024,921,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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

Positive Sentiment: Goldman Sachs reportedly is negotiating to acquire a controlling stake in South Korea’s Tmap Mobility. The potential transaction could expand the firm’s alternative-investment and technology exposure, although deal terms and financial impact remain uncertain. Goldman Sachs reportedly looking to acquire controlling stake in Tmap Mobility
Positive Sentiment: Goldman Sachs advised on approximately $34.8 billion of Middle East and Africa M&A transactions during the first three quarters of 2026, supporting the outlook for investment-banking fees as deal activity improves. Goldman Sachs and Rothschild lead MEA M&A financial advisory
Positive Sentiment: Goldman Sachs continues to receive favorable long-term commentary. Its latest reported quarter significantly exceeded expectations, with EPS of $17.01 and revenue of $18.68 billion, while the dividend remains supported by a relatively modest payout ratio. Why Goldman Sachs is a top stock for the long term
Neutral Sentiment: Goldman’s research team continues to promote growth themes including artificial intelligence and autonomous transportation. These reports strengthen the firm’s research and advisory profile but have limited direct impact on near-term GS earnings. Autonomous vehicle stocks backed by hedge funds
Negative Sentiment: Insider Ericka Leslie sold 100 shares at an average price of $926.28 after selling another 150 shares the prior day. CEO David Solomon also reportedly sold 12,000 shares. The transactions are small relative to total ownership and do not establish a fundamental problem, but repeated insider selling can weigh on investor sentiment. Goldman Sachs insider selling

Wall Street Analyst Weigh In

Several analysts recently commented on GS shares. TD Cowen initiated coverage on shares of The Goldman Sachs Group in a report on Thursday, October 8th. They set a “buy” rating and a $1,050.00 target price for the company. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. BMO Capital Markets lowered their price target on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,049.52.

View Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Trading Down 0.2%

Shares of NYSE:GS opened at $892.49 on Monday. The business’s 50 day simple moving average is $947.65 and its 200 day simple moving average is $958.04. The Goldman Sachs Group, Inc. has a 1 year low of $754.00 and a 1 year high of $1,153.99. 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 company has a market capitalization of $259.87 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.84 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating the consensus estimate of $12.86 by $4.15. The firm had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $12.25 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a $5.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 28.76%.

Insiders Place Their Bets

In related news, CEO David M. Solomon sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the sale, the chief executive officer owned 159,180 shares of the company’s stock, valued at $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ericka T. Leslie sold 250 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the sale, the insider directly owned 10,710 shares of the company’s stock, valued at $9,534,577.50. This represents a 2.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,500 shares of company stock worth $11,380,508 in the last 90 days. 0.55% of the stock is owned by company insiders.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.