Key Points
- CEO David Solomon sold 12,000 Goldman Sachs shares at an average price of $910.72, generating approximately $10.9 million and reducing his direct ownership by 7.01%.
- Goldman Sachs reported quarterly EPS of $17.01 and revenue of $18.68 billion, exceeding analyst estimates and marking 23% year-over-year revenue growth.
- The company declared a quarterly dividend of $5.00 per share, equivalent to $20.00 annually and a 2.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $1,049.52.
The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) CEO David 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
The Goldman Sachs Group Stock Up 2.1%
NYSE:GS opened at $912.10 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The firm's 50-day simple moving average is $954.02 and its 200 day simple moving average is $958.43.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the prior year, the firm earned $12.25 EPS. The business's revenue for the quarter was up 23.0% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
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 dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs and Morgan Stanley are expected to lead Anthropic’s planned initial public offering. The mandate could generate meaningful underwriting and advisory fees while reinforcing Goldman’s position in the fast-growing AI capital-markets ecosystem. Coveted Roles in Anthropic’s Upcoming IPO Lift Goldman Sachs, Morgan Stanley
- Positive Sentiment: Recent research remains constructive after Goldman reported quarterly earnings well above consensus, with revenue growth driven by Global Banking & Markets and Asset & Wealth Management. Analysts have highlighted stronger deal activity, trading momentum, an attractive valuation and potential upside. Is Goldman Sachs Undervalued Following Strong Third Quarter Results?
- Positive Sentiment: Goldman advised on approximately $510.5 billion of North American transactions through the first three quarters of 2026 and ranked first by value in consumer M&A. Strong deal volumes support its investment-banking fee outlook. Goldman Sachs and Houlihan Lokey lead North American M&A financial advisers
- Neutral Sentiment: Goldman launched a Small Business AI Institute with a commitment of up to $500 million and technology support from Anthropic, Google, Meta and OpenAI. The program may strengthen client relationships over time, but its near-term financial return is uncertain. What Does Goldman Sachs Gain From Its Small Business AI Push?
- Negative Sentiment: CEO David Solomon sold 12,000 shares for approximately $10.9 million, reducing his direct holdings by 7.01%. Insider sales do not necessarily indicate weaker fundamentals, but the size of the transaction may temper investor confidence. SEC filing for David Solomon share sale
- Negative Sentiment: Goldman has warned that investors are reducing risk in AI stocks, while strategists cut their KOSPI outlook amid lower AI-related valuations and increased volatility. Weaker risk appetite could affect trading activity and market-based revenues. AI’s boost to the U.S. economy may be nearing its peak
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GS. Strive Financial Group LLC boosted its holdings in shares of The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. increased its stake in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. Cherry Tree Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock worth $27,000 after buying an additional 15 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth $33,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Zacks Research lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 18th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $955.00 to $970.00 and gave the company a "neutral" rating in a research report on Friday, October 16th. Bank of America upped their target price on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Barclays raised their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $1,049.52.
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About The Goldman Sachs Group
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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.
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