Wesbanco Bank Inc. Reduces Position in The Goldman Sachs Group, Inc. $GS

Wesbanco Bank Inc. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,128 shares of the investment management company’s stock after selling 1,028 shares during the quarter. Wesbanco Bank Inc.’s holdings in The Goldman Sachs Group were worth $7,269,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $26,000. First PREMIER Bank bought a new position in The Goldman Sachs Group in the 3rd quarter worth $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth $29,000. Elevation Wealth Partners LLC increased its stake in 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 worth $32,000 after buying an additional 20 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in The Goldman Sachs Group during the second quarter valued at about $31,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. Argus upped their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Citigroup increased their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Autonomous Res cut 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 research note on Thursday, January 15th. Finally, BMO Capital Markets raised their price objective on The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $916.86.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the transaction, the chief executive officer directly owned 125,527 shares in the company, valued at approximately $117,859,810.84. This represents a 0.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 19,796 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $964.27, for a total value of $19,088,688.92. Following the completion of the sale, the director directly owned 103,390 shares in the company, valued at approximately $99,695,875.30. The trade was a 16.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 87,513 shares of company stock worth $83,718,401. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $944.49 on Tuesday. The company’s 50 day moving average is $911.93 and its 200 day moving average is $819.03. The company has a market cap of $283.28 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. 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, Inc. has a twelve month low of $439.38 and a twelve month 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 analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the previous year, the company earned $11.95 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is 31.20%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman projects a rebound in U.S. IPO activity and forecasts record IPO proceeds of about $160 billion in 2026 — a direct revenue tailwind for GS’s investment banking and underwriting businesses. Goldman Sachs (GS) Forecasts U.S. IPO Market Will Hit a Record $160 Billion This Year
• Positive Sentiment: Analyst activity and price-target moves remain supportive: several firms have issued buy/overweight ratings and some price targets have been raised recently, reinforcing positive expectations for GS shares. The Goldman Sachs Group (NYSE:GS) Price Target Raised to $802.00
• Positive Sentiment: Coverage and stock-picking research (e.g., software rebounds, REIT picks, memory/semiconductor cycle calls) highlight GS’s trading and research franchises — these product lines can boost fee and trading revenues if their calls materialize. 4 Beaten‑Down Software Stocks To Buy After Sector Crash: Goldman Sachs
• Neutral Sentiment: Goldman released thematic reports (REIT top picks; memory shortage trade) that position the firm as a market voice — helpful for franchise prestige but indirect for near-term stock moves. Goldman Sachs REIT Stocks: Top 12 Stock Picks
• Neutral Sentiment: Coverage notes (memory/semiconductor shortages) flag potential upside in GS client sectors — this supports fee pipelines but is contingent on market cycles. The Memory Shortage Trade: 7 Stocks Goldman Says Can Keep Running
• Negative Sentiment: Goldman traders warn that algorithmic and trend-following funds remain net sellers, which could trigger further market volatility and weigh on GS’s trading revenues and client flows. That risk warning is pressuring sentiment despite the firm’s bullish research calls. Goldman Traders Warn Stock Selling Isn’t Over in Choppy Market
• Negative Sentiment: Macro caution from Goldman (its “panic index” commentary) and media coverage caution investors not to get complacent; elevated fear indicators could amplify downside in a pullback. Don’t get comfortable with the global stock rally today: Goldman’s Panic Index is approaching ‘max fear’
• Negative Sentiment: High-frequency summaries point to substantial insider selling (per Quiver/aggregates), which can create perception risk even if sales are routine. Goldman Sachs Stock (GS) Opinions on Anthropic AI Adoption

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.