Ashton Thomas Private Wealth LLC Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Ashton Thomas Private Wealth LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 149.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,502 shares of the investment management company’s stock after acquiring an additional 6,295 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $8,363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GS. Hartline Investment Corp lifted its position in shares of The Goldman Sachs Group by 153.3% during the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after buying an additional 860 shares in the last quarter. A4 Wealth Advisors LLC acquired a new position in The Goldman Sachs Group during the third quarter worth $940,000. Meridian Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 39.4% during the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares in the last quarter. National Pension Service grew its position in shares of The Goldman Sachs Group by 3.1% in the third quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock valued at $530,205,000 after purchasing an additional 19,796 shares during the period. Finally, Chung Wu Investment Group LLC increased its stake in shares of The Goldman Sachs Group by 114.4% during the third quarter. Chung Wu Investment Group LLC now owns 2,080 shares of the investment management company’s stock worth $1,656,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman upgraded its 2026 outlook and raised its dividend, which supports valuation and income expectations for shareholders — a key reason some investors remain constructive on GS. A Look At Goldman Sachs (GS) Valuation After 2026 Outlook Upgrade And Dividend Increase
• Positive Sentiment: Management sees strong momentum in investment banking and trading, which are higher‑margin segments and can lift revenue and EPS if momentum continues. That supports the bullish earnings narrative. Goldman Sachs (GS) sees strong momentum in investment banking and trading segments
• Neutral Sentiment: Goldman’s Growth Equity arm led a $75M Series C in Fieldguide (agentic AI for audit/advisory) — expands alternatives/VC exposure and signals focus on AI-enabled fintech investments, but uses capital and is longer‑term upside. Fieldguide Raises $75M Series C from Goldman Sachs Goldman Sachs leads $75 million funding round for Fieldguide
• Neutral Sentiment: Goldman Sachs BDC issued $400M of senior notes — typical financing for a closed‑end BDC but increases leverage at the BDC level; limited direct impact on GS parent but relevant for consolidated alternatives exposure. Goldman Sachs BDC Issues $400 Million Senior Notes
• Neutral Sentiment: Goldman disclosed ~3.1–3.3% stakes/voting interests in Qiagen via shares and derivatives — active portfolio positioning that reflects trading/investment activity but is not a material change to firm fundamentals. Goldman Sachs Reports 3.11% Stake in QIAGEN via Shares and Derivatives Goldman Sachs Discloses 3.26% Voting Interest in QIAGEN
• Positive Sentiment: Analyst commentary (Zacks and others) highlights strong earnings growth and price strength, supporting the case that GS remains a core name to watch for earnings-driven upside. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Negative Sentiment: CEO commentary forecasting “slower” talent growth this year signals more cautious hiring/expense control; investors may interpret this as management expecting a tougher growth environment or limiting future revenue expansion. Goldman Sachs CEO forecasts ‘slower’ talent growth this year, Bloomberg reports

The Goldman Sachs Group Trading Down 0.8%

Shares of GS opened at $938.91 on Wednesday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The firm has a market capitalization of $281.61 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.16 and a beta of 1.34. The firm has a 50-day moving average price of $903.81 and a 200 day moving average price of $813.18. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $11.95 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the transaction, the treasurer owned 2,017 shares of the company’s stock, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,513 shares of company stock valued at $83,718,401 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. BMO Capital Markets lifted their price target on 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. JPMorgan Chase & Co. increased 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. Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Finally, Autonomous Res dropped their target price on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $898.62.

The Goldman Sachs Group Company Profile

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.