The Goldman Sachs Group, Inc. $GS Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,603 shares of the investment management company’s stock after selling 1,258 shares during the period. Arizona State Retirement System’s holdings in The Goldman Sachs Group were worth $71,355,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Argent Advisors Inc. increased its holdings in The Goldman Sachs Group by 6.7% during the 3rd quarter. Argent Advisors Inc. now owns 2,834 shares of the investment management company’s stock valued at $2,257,000 after acquiring an additional 179 shares in the last quarter. Pegasus Asset Management Inc. lifted its holdings in shares of The Goldman Sachs Group by 0.3% in the third quarter. Pegasus Asset Management Inc. now owns 13,828 shares of the investment management company’s stock valued at $11,012,000 after purchasing an additional 48 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.4% in the third quarter. Trifecta Capital Advisors LLC now owns 13,133 shares of the investment management company’s stock valued at $10,459,000 after purchasing an additional 177 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of The Goldman Sachs Group by 6.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 27,657 shares of the investment management company’s stock worth $22,025,000 after purchasing an additional 1,684 shares in the last quarter. Finally, SYM FINANCIAL Corp increased its stake in shares of The Goldman Sachs Group by 8.4% during the 3rd quarter. SYM FINANCIAL Corp now owns 414 shares of the investment management company’s stock worth $330,000 after purchasing an additional 32 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $938.56 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The company’s fifty day moving average price is $894.77 and its two-hundred day moving average price is $806.87. The firm has a market capitalization of $281.50 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.15 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $11.95 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 9,589 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the completion of the sale, the insider owned 18,533 shares of the company’s stock, valued at $17,189,542.83. This represents a 34.10% 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, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the sale, the chief accounting officer owned 10,301 shares of the company’s stock, valued at $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 87,513 shares of company stock valued at $83,718,401. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. UBS Group boosted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. HSBC set a $604.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, January 7th. Barclays upped their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Dbs Bank lifted their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $898.00.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Bank of America sees upside to Goldman Sachs’ earnings into 2026, reinforcing expectations for continued operating leverage from investment banking and trading. This analyst view supports the rally in GS shares. Bank of America sees earnings upside at Goldman Sachs
• Positive Sentiment: Goldman’s strong Q4 results and upbeat investment-banking outlook, plus a higher quarterly dividend ($4.50 per share; ex-div date Mar 2), boost income and capital-return narratives that support valuation. Goldman Sachs Soars on Q4 Post, Strong Investment Banking Outlook
• Positive Sentiment: Recent analyst upgrades/target increases (Wells Fargo, Barclays and others) lift sentiment and provide near‑term buy-side support given GS’s discounted multiple vs. peers. MarketBeat GS analyst roundup
• Neutral Sentiment: Goldman is reportedly one of several banks involved in advisory talks as crypto custodian Copper considers an IPO — this highlights fee opportunities in digital-asset infrastructure but is early-stage and uncertain. Crypto custodian Copper weighs IPO — Cointelegraph
• Neutral Sentiment: Ongoing research flow (macro, metals, AI/semiconductor calls) keeps GS visible to institutional clients — supportive of fee-generating client activity but with mixed direct P&L impact. Goldman vs. Evercore — Zacks
• Negative Sentiment: Insider selling: CEO David Solomon and Treasurer Carey Halio (among others) disclosed stock sales last week, including sizable reductions by senior executives — a near-term negative for sentiment even though sales may be routine. David Solomon SEC Form 4
• Negative Sentiment: Additional insider/insider-sale coverage highlights multiple high-profile exits and sizeable position trims, which can pressure sentiment and lead some investors to trim exposure despite the company’s strong fundamentals. TipRanks: Insider selling roundup

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.