The Goldman Sachs Group (NYSE:GS) Stock Bought by Rep. Michael A. Rulli

Key Points

• Rep. Michael A. Rulli bought between $1,001 and $15,000 of Goldman Sachs shares on September 3 through a Merrill Lynch managed account. He also recently sold holdings in Microsoft, Wells Fargo, Alphabet, Allstate and Crown Castle, while purchasing Equinix.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, both above analyst expectations. The company also increased its quarterly dividend to $5.00, representing a 2.2% annualized yield.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $1,066.60. Shares opened at $893.52, below their 50-day and 200-day moving averages, while institutional investors own 71.21% of the company.

Representative Michael A. Rulli (Republican-Ohio) recently bought shares of The Goldman Sachs Group, Inc. NYSE: GS. In a filing disclosed on October 2nd, the Representative disclosed that they had bought between $1,001 and $15,000 in The Goldman Sachs Group stock on September 3rd. The trade occurred in the Representative's "MERRILL LYNCH SIMPLE MANAGED ACCOUNT" account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/28/2026.
• Sold $1,001 - $15,000 in shares of Wells Fargo & Company NYSE: WFC on 9/3/2026.
• Sold $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOGL on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Allstate NYSE: ALL on 8/12/2026.
• Purchased $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 8/7/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 8/6/2026.

The Goldman Sachs Group Price Performance

GS stock opened at $893.52 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $260.17 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.29. The stock's fifty day simple moving average is $1,000.26 and its 200-day simple moving average is $986.21. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.91 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 68.4 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were paid a $5.00 dividend. This represents a $20.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio is presently 30.87%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of The Goldman Sachs Group in the second quarter worth about $24,172,123,000. State Street Corp lifted its holdings in shares of The Goldman Sachs Group by 2.1% during the fourth quarter. State Street Corp now owns 19,564,783 shares of the investment management company's stock worth $17,197,444,000 after buying an additional 394,198 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $6,756,772,000. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group in the second quarter worth $69,537,544,000. Finally, Corient Private Wealth LLC raised its stake in The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock valued at $2,282,312,000 after purchasing an additional 2,448,767 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on GS shares. Rothschild & Co Redburn boosted their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, June 25th. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Oppenheimer cut shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a report on Tuesday, June 30th. Weiss Ratings upgraded The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. Finally, Wall Street Zen downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,066.60.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs’ Nasdaq covered-call income fund increased its October distribution, highlighting continued investor demand for the firm’s asset-management products. However, the article notes that a higher payout did not necessarily translate into superior total returns. Goldman’s Nasdaq Income Fund Raised Its October Payout
• Positive Sentiment: Goldman analysts said artificial-intelligence data-center growth remains robust despite local opposition, supporting potential activity in investment banking, financing and markets tied to the AI buildout. AI data center growth won’t be slowed down
• Neutral Sentiment: Jim Cramer described Goldman’s stock as having “come down greatly” and said it could turn higher, offering a supportive but non-fundamental opinion. Jim Cramer on Goldman Sachs
• Neutral Sentiment: Goldman’s research franchise remains active, including bullish calls on selected semiconductor, luxury, consumer and industrial stocks, but these recommendations generally do not directly change GS’s earnings outlook.
• Negative Sentiment: UBS lowered its price target for GS from $1,150 to $1,010 and assigned a Neutral rating. Although the revised target still implies upside from the cited share price, the cut signals reduced valuation confidence and is likely the clearest reason for the stock’s decline. UBS lowers Goldman Sachs price target

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio's 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027. Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio's 6th Congressional District. He declared candidacy for the 2026 election. Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli's career experience includes working as the director of operations with Rulli Bros. Markets.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.