The Goldman Sachs Group, Inc. $GS Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,406 shares of the investment management company’s stock after selling 915 shares during the period. Retirement Systems of Alabama’s holdings in The Goldman Sachs Group were worth $134,519,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GS. Strive Financial Group LLC lifted its position in The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. increased its position in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $25,000. Cherry Tree Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Finally, Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David Solomon sold 12,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the sale, the chief executive officer owned 159,180 shares in the company, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ericka Leslie sold 250 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total value of $222,562.50. Following the sale, the insider owned 10,710 shares in the company, valued at approximately $9,534,577.50. The trade was a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,500 shares of company stock worth $11,380,508 in the last three months. 0.55% of the stock is currently owned by company insiders.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs shares advanced alongside other major banks as Wall Street positioned for a wave of large IPOs, suggesting expectations for stronger investment-banking and underwriting activity. Article: Morgan Stanley Climbs on IPO Deal; Goldman Sachs Rises
• Positive Sentiment: Another report points to a busy capital-markets cycle and record quarterly advisory revenue, reinforcing the case that dealmaking is supporting Goldman’s earnings. Article: Goldman Sachs Is Riding a Busy Capital Markets Cycle
• Positive Sentiment: A valuation analysis says GS still looks inexpensive relative to the returns it earns on invested capital, despite its substantial multiyear share-price appreciation. This supports the view that its gains may be backed by business performance rather than valuation alone. Article: Goldman Sachs Stock Looks Cheap Based on Excess Returns
• Neutral Sentiment: Goldman is marketing part of a large SpaceX financing package for GPU purchases. The deal may generate underwriting business, though the article does not quantify the revenue or Goldman’s risk exposure. Article: Goldman Is Selling SpaceX’s GPU Debt
• Negative Sentiment: One earnings analysis says Goldman’s capital-buffer cushion fell from 3.4 percentage points to 1.0 point over nine months. If sustained, reduced capital headroom could concern investors, although the article excerpt provides limited context. Article: Goldman Sachs FY2026 Q3 Earnings Analysis
• Negative Sentiment: A report says ETFs were net sellers of GS shares on Nov. 5, pointing to some near-term fund-flow pressure. Article: ETFs Are Net Sellers of Goldman Sachs

The Goldman Sachs Group Stock Performance

GS opened at $907.87 on Tuesday. The firm has a market cap of $261.86 billion, a PE ratio of 13.05, a P/E/G ratio of 0.87 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.61 and a debt-to-equity ratio of 3.20. The business has a fifty day simple moving average of $929.87 and a 200-day simple moving average of $956.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $12.25 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. TD Cowen initiated coverage on The Goldman Sachs Group in a research note on Thursday, October 8th. They set a “buy” rating and a $1,050.00 target price for the company. Barclays lifted their target price on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Freedom Broker upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and dropped their price target for the stock from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. Finally, Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,052.04.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.