New York Life Investment Management LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,496 shares of the investment management company’s stock after selling 595 shares during the period. New York Life Investment Management LLC’s holdings in The Goldman Sachs Group were worth $36,461,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in GS. Sky Investment Group LLC boosted its stake in shares of The Goldman Sachs Group by 0.9% during the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after acquiring an additional 10 shares during the period. Warren Street Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after acquiring an additional 10 shares during the period. DecisionMap Wealth Management LLC raised its stake in The Goldman Sachs Group by 3.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock valued at $354,000 after acquiring an additional 11 shares during the period. Marathon Mission Inc. raised its stake in The Goldman Sachs Group by 1.6% in the 2nd quarter. Marathon Mission Inc. now owns 779 shares of the investment management company’s stock valued at $788,000 after acquiring an additional 12 shares during the period. Finally, Global Financial Private Client LLC raised its stake in The Goldman Sachs Group by 1.4% in the 2nd quarter. Global Financial Private Client LLC now owns 883 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 12 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other The Goldman Sachs Group news, CEO David M. Solomon sold 12,000 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the transaction, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This trade represents a 7.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ericka T. Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total value 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. Over the last ninety days, insiders sold 12,500 shares of company stock worth $11,380,508. Insiders own 0.55% of the company’s stock.
Analyst Upgrades and Downgrades
GS has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price objective on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating for the company in a research report on Monday, October 19th. Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, October 8th. Wall Street Zen lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada dropped their price objective on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company cut their target price on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $1,052.04.
Check Out Our Latest Report on GS
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: CEO David Solomon said demand for AI infrastructure financing remains strong, pointing to client activity and the bank’s role in AI-sector transactions. That could support financing and advisory opportunities for Goldman Sachs, though the revenue impact was not quantified. Goldman Sachs sees strong demand for AI infrastructure financing
- Neutral Sentiment: Goldman Sachs is among 21 financial institutions backing Project Faro, which has secured about $270 million in total funding for a planned U.S. stablecoin venture. The group is targeting a 2027 launch, but Goldman’s individual contribution and the project’s potential returns were not disclosed, making the near-term financial effect uncertain. Goldman and Citi help fund $270 million stablecoin venture
- Neutral Sentiment: A Goldman Sachs analyst reportedly projected that Anthropic could generate $685 billion in annual revenue by 2030. This is a forecast about an AI company—not Goldman Sachs—and is relevant mainly as a sign of the scale of the AI opportunity its banking and financing businesses may serve. Goldman Sachs predicts Anthropic could generate $685 billion in annual revenue
- Negative Sentiment: A Zacks analysis cited slowing earnings as a risk heading into 2027, tempering the positive outlook from AI-related growth opportunities. Is Goldman Sachs an attractive investment option heading into 2027?
The Goldman Sachs Group Price Performance
The Goldman Sachs Group stock opened at $910.40 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99. The stock’s 50 day moving average is $927.53 and its 200-day moving average is $956.14. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $262.59 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.85 and a beta of 1.29.
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 earnings per share for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $12.25 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 28.76%.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc. is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.
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