6,968 The Goldman Sachs Group, Inc. $GS Shares Sold by Gradient Investments LLC

Key Points

• Gradient Investments reduced its Goldman Sachs position by 9.9%, selling 6,968 shares and retaining 63,712 shares valued at approximately $57.4 million. Institutional investors and hedge funds collectively own 71.21% of the stock.
• Goldman Sachs shares fell 0.9% to $879.53, below their 50-day and 200-day moving averages. The stock trades at a P/E ratio of 13.62 and has a market capitalization of roughly $256.1 billion.
• The company reported quarterly earnings of $20.98 per share, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. Goldman also increased its quarterly dividend to $5.00 per share, representing a 2.3% yield.

Gradient Investments LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,712 shares of the investment management company's stock after selling 6,968 shares during the quarter. Gradient Investments LLC's holdings in The Goldman Sachs Group were worth $57,364,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Valeo Financial Advisors LLC increased its stake in The Goldman Sachs Group by 0.9% in the third quarter. Valeo Financial Advisors LLC now owns 8,056 shares of the investment management company's stock valued at $7,253,000 after purchasing an additional 70 shares in the last quarter. New Covenant Trust Company N.A. boosted its stake in shares of The Goldman Sachs Group by 12.1% during the 3rd quarter. New Covenant Trust Company N.A. now owns 527 shares of the investment management company's stock worth $474,000 after buying an additional 57 shares during the last quarter. Quintet Private Bank Europe S.A. increased its holdings in The Goldman Sachs Group by 47.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,170 shares of the investment management company's stock worth $1,053,000 after buying an additional 376 shares during the last quarter. Vann Equity Management LLC grew its holdings in The Goldman Sachs Group by 6.8% during the third quarter. Vann Equity Management LLC now owns 695 shares of the investment management company's stock worth $626,000 after purchasing an additional 44 shares during the period. Finally, HWG Holdings LP increased its holdings in shares of The Goldman Sachs Group by 55.5% during the 3rd quarter. HWG Holdings LP now owns 13,274 shares of the investment management company's stock worth $11,951,000 after acquiring an additional 4,735 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 0.9%

Shares of The Goldman Sachs Group stock traded down $7.68 on Thursday, reaching $879.53. 768,633 shares of the company's stock were exchanged, compared to its average volume of 2,195,685. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The firm's 50-day moving average is $995.67 and its two-hundred day moving average is $987.40. The company has a market capitalization of $256.09 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. 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 released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The firm had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the prior year, the company posted $10.91 earnings per share. The business's revenue was up 39.4% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 67.92 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were issued a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.3%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend was Tuesday, September 1st. The Goldman Sachs Group's payout ratio is currently 30.87%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: TD Cowen initiated coverage with a “buy” rating and a $1,050 price target, implying substantial upside from recent levels. The call adds fresh analyst support ahead of Goldman’s third-quarter earnings report. Benzinga analyst coverage report
• Positive Sentiment: Goldman is reportedly preparing more than $500 million in special equity bonuses for CEO David Solomon and other senior executives, reflecting outperformance versus most rivals over a five-year period. While costly, the awards signal confidence in leadership and long-term results. New York Post bonus report
• Neutral Sentiment: Wall Street projections for the quarter ended September 2026 are focusing on trading, investment banking and asset-management metrics. The preview could increase volatility ahead of Goldman’s earnings release but does not yet provide reported results. Zacks earnings preview
• Neutral Sentiment: A senior Goldman banker is set to co-lead technology banking, a move that could support dealmaking and retain talent, although the immediate financial impact is unclear. The Information banking report
• Negative Sentiment: Goldman and its wealth-management clients were caught up in an EY data breach. Goldman says its own systems were not compromised and client assets remain safe, but the incident creates reputational and potential compliance concerns. Quartz data-breach report
• Negative Sentiment: Citi has reportedly overtaken Goldman in global IPO underwriting after winning several high-profile listings, raising concerns that Goldman could lose future equity-capital-markets mandates and fee revenue. Yahoo Finance IPO underwriting report
• Negative Sentiment: CEO David Solomon has indicated Goldman is not yet ready to raise its 14%–16% through-the-cycle ROE target. Investors may view the lack of an upgrade as evidence that profitability expectations have limited room to improve. TIKR ROE analysis

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Bank of America raised their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Barclays lifted their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Weiss Ratings upgraded The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1,055.09.

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.

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