The Goldman Sachs Group, Inc. $GS Shares Sold by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,684 shares of the investment management company’s stock after selling 611 shares during the period. The Goldman Sachs Group accounts for about 4.8% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 4th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in The Goldman Sachs Group were worth $24,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Harbor Capital Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the third quarter worth about $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 100.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 20 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $911.91 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70. The company has a market capitalization of $273.51 billion, a P/E ratio of 17.78, a PEG ratio of 1.15 and a beta of 1.34. The business has a 50 day moving average price of $905.73 and a 200 day moving average price of $813.87. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the business earned $11.95 earnings per share. The Goldman Sachs Group’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal 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 paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 31.20%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman says investment banking and trading segments have strong momentum — this supports revenue upside for GS and helps justify recent multiple expansion. Goldman Sachs sees strong momentum in investment banking and trading segments
• Positive Sentiment: Analysts and write-ups are noting an upgraded 2026 outlook and a dividend increase, which supports GS’s valuation narrative and income appeal for investors. A Look At Goldman Sachs (GS) Valuation After 2026 Outlook Upgrade And Dividend Increase
• Positive Sentiment: Goldman participated in a $70M Series C for TRM Labs (crypto/blockchain analytics), signaling continued GS backing of fintech and digital-asset infrastructure — a strategic move that can expand GS’s deal flow and private‑markets exposure. TRM Labs completes $70M investment round at $1B, becomes crypto unicorn
• Neutral Sentiment: Goldman Sachs Alternatives made a sustainable‑investing minority investment in LearnWell — positive for ESG positioning but unlikely to move near‑term earnings materially. LearnWell Announces Investment from Goldman Sachs Alternatives
• Neutral Sentiment: GS is getting a lot of investor attention in media roundups (Zacks and others) — higher visibility can boost flows but also increases short‑term volatility. The Goldman Sachs Group, Inc. (GS) is Attracting Investor Attention
• Neutral Sentiment: Goldman analyst activity — new coverage and notes (e.g., Healthpeak, Alexandria, Glencore) keep GS at the center of institutional research and trading flow generation; useful for fee income but mixed for near‑term stock impact. Goldman Sachs Highlights Improving Occupancy and Cash Flow Visibility at Healthpeak Properties Inc. (DOC)
• Neutral Sentiment: Regulatory/position filings: Goldman disclosed a 3.11% economic position in Qiagen via shares and derivatives — routine for a bank with large prop/asset‑management operations; watch for regulatory or strategic follow‑up. Goldman Sachs Reports 3.11% Stake in QIAGEN via Shares and Derivatives
• Negative Sentiment: Goldman’s CEO flagged “slower” talent growth this year — a cautionary sign that management may be tightening hiring/growth plans; investors sometimes view slower headcount growth as reduced future revenue cadence. Goldman Sachs CEO forecasts ‘slower’ talent growth this year

Analysts Set New Price Targets

GS has been the subject of several recent research reports. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Royal Bank Of Canada upped their price objective on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. BMO Capital Markets raised their target price 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. UBS Group reiterated a “neutral” rating and set a $990.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday. Finally, Jefferies Financial Group increased their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $907.43.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 18,533 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction that occurred 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 $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,513 shares of company stock worth $83,718,401 in the last three months. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group 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.