Hartford Investment Management Co. Sells 784 Shares of The Goldman Sachs Group, Inc. $GS

Hartford Investment Management Co. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,761 shares of the investment management company’s stock after selling 784 shares during the period. Hartford Investment Management Co.’s holdings in The Goldman Sachs Group were worth $14,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GS. Elm Partners Management LLC increased its holdings in shares of The Goldman Sachs Group by 5.5% during the third quarter. Elm Partners Management LLC now owns 344 shares of the investment management company’s stock worth $274,000 after buying an additional 18 shares in the last quarter. Cornerstone Planning Group LLC grew its position in The Goldman Sachs Group by 68.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 138 shares of the investment management company’s stock worth $109,000 after acquiring an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in The Goldman Sachs Group by 41.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 220 shares of the investment management company’s stock worth $175,000 after purchasing an additional 64 shares in the last quarter. Pettee Investors Inc. increased its holdings in The Goldman Sachs Group by 36.2% in the 3rd quarter. Pettee Investors Inc. now owns 3,723 shares of the investment management company’s stock worth $2,965,000 after purchasing an additional 990 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in The Goldman Sachs Group by 12.0% in the third quarter. Raleigh Capital Management Inc. now owns 541 shares of the investment management company’s stock valued at $431,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Analyst sentiment: a recent price‑target raise to $940 adds upside validation from the Street and supports the stock’s strength. Price Target Raised to $940.00
• Positive Sentiment: Goldman’s earnings/earnings outlook continue to underpin the rally — recent results beat EPS and revenue expectations, supporting valuation metrics and analyst interest (Zacks highlights GS as a stock to watch for earnings growth and price strength). Earnings Growth & Price Strength Make Goldman Sachs a Stock to Watch
• Positive Sentiment: Growth Equity deployment: Goldman led a $75M Series C in Fieldguide (AI-native audit/advisory platform), showcasing deal flow and potential long‑term upside for its alternatives and growth equity franchises. Fieldguide Raises $75M Series C from Goldman Sachs
• Neutral Sentiment: Strategic stake disclosure: Goldman disclosed a 3.26% voting interest in Qiagen (QGEN) — signals portfolio positioning but not an outright control/activist move. Goldman Sachs Discloses 3.26% Voting Interest in QIAGEN
• Neutral Sentiment: Research/products: Goldman research is actively publishing macro and commodity views (e.g., bullish take on gold and “core GDP” nowcasts), which support trading and client revenue but are incremental to fundamentals. Can Gold Keep Rising? Goldman Sachs Says Yes Nowcasting “Core GDP”
• Neutral Sentiment: Analyst/stock picks coverage: Goldman’s own equity research continues to publish actionable picks (coverage items may help advisory and commissions revenue but are not material to near‑term stock moves). Goldman Sachs Picks 2 Stocks
• Negative Sentiment: Insider selling: company insiders reported sales (Treasurer ~$2.64M; CEO ~$255k). While insider sales can be routine, they may create short‑term investor caution. Treasurer Sells $2.64M CEO Sells $255k
• Neutral Sentiment: Affiliate capital markets activity: Goldman Sachs BDC issued $400M of senior notes — relevant for the BDC (GSBD) credit profile but only indirectly affects GS parent equity. Goldman Sachs BDC Issues $400 Million Senior Notes

Analyst Ratings Changes

Several research firms have recently issued reports on GS. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. BNP Paribas Exane upped their price target on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Argus raised their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a report on Friday, January 16th. Finally, BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $898.62.

The Goldman Sachs Group Stock Performance

GS stock opened at $946.35 on Tuesday. The firm has a market cap of $283.84 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The stock has a 50-day moving average price of $901.09 and a 200-day moving average price of $811.55. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.

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

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 4,863 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the transaction, the chief accounting officer owned 10,301 shares in the company, valued at $9,515,548.75. The trade was a 32.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the sale, the treasurer owned 2,017 shares of the company’s stock, valued at $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,513 shares of company stock worth $83,718,401 over the last ninety days. 0.55% of the stock is owned by company insiders.

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.