The Goldman Sachs Group, Inc. $GS Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. increased its Goldman Sachs stake by 49.1% in the third quarter, bringing its holdings to 19,544 shares valued at approximately $17.63 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported quarterly earnings of $17.01 per share, beating estimates of $12.86, while revenue rose 23% year over year to $18.68 billion. The company also declared a $5 quarterly dividend, equivalent to a 2.2% annual yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $1,052.04; GS recently opened at $898.77. Insider selling, including a 12,000-share sale by CEO David Solomon, may weigh on sentiment.

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 49.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,544 shares of the investment management company's stock after acquiring an additional 6,439 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in The Goldman Sachs Group were worth $17,630,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sky Investment Group LLC boosted its holdings in shares of The Goldman Sachs Group by 0.9% in the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock worth $1,181,000 after buying an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC grew its position in The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock valued at $272,000 after buying an additional 10 shares during the period. Meadow Creek Wealth Advisors LLC increased its holdings in The Goldman Sachs Group by 1.7% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock worth $569,000 after buying an additional 11 shares during the last quarter. DecisionMap Wealth Management LLC increased its holdings in The Goldman Sachs Group by 3.2% during the second quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock worth $354,000 after buying an additional 11 shares during the last quarter. Finally, Millstone Evans Group LLC increased its holdings in The Goldman Sachs Group by 3.7% during the first quarter. Millstone Evans Group LLC now owns 337 shares of the investment management company's stock worth $285,000 after buying an additional 12 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: The SPDR Dow Jones Industrial Average ETF (DIA) added Goldman Sachs as part of a purchase of approximately $130.6 million spread across all 30 holdings. The resulting incremental demand may provide modest technical support for GS. DIA Adds Goldman Sachs and Caterpillar
• Neutral Sentiment: UBS lowered its GS price target from $1,010 to $1,000 while maintaining a “neutral” rating. Although the revised target still implies meaningful upside from the referenced share price, the cut signals limited conviction and may restrain gains. UBS Goldman Sachs rating
• Neutral Sentiment: Goldman reportedly restricted bankers and traders from using certain AI tools, including Anthropic’s Claude Code and Microsoft’s GitHub, limiting access primarily to engineers. The move could reduce compliance and data-security risks, but may also slow productivity gains and broader AI adoption. Goldman Sachs AI-tool restrictions
• Neutral Sentiment: Goldman raised its oil-price forecasts and said Brent crude could reach $140 per barrel if Middle East tensions cause prolonged supply disruptions. Higher volatility could benefit Goldman’s commodities and trading businesses, but geopolitical stress and elevated energy costs pose broader market and economic risks. Goldman oil-price forecast
• Negative Sentiment: Reports highlighted insider selling involving Goldman Sachs, which can weigh on investor sentiment by suggesting that certain insiders are reducing exposure, even though such sales do not necessarily indicate deteriorating fundamentals. Goldman Sachs insider selling

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. TD Cowen assumed coverage on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. They set a "buy" rating and a $1,050.00 target price for the company. Freedom Broker upgraded shares of The Goldman Sachs Group from a "hold" rating to a "buy" rating and decreased their price target for the stock from $1,200.00 to $1,100.00 in a research note on Friday, October 23rd. Wells Fargo & Company lowered their price target on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an "overweight" rating on the stock in a report on Friday, September 25th. Finally, Loop Capital set a $1,050.00 price target on shares of The Goldman Sachs Group in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average target price of $1,052.04.

The Goldman Sachs Group Stock Up 0.5%

GS stock opened at $898.77 on Tuesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The company has a market capitalization of $261.70 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.87 and a beta of 1.29. 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 stock has a fifty day moving average of $944.80 and a 200-day moving average of $957.85.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating the consensus estimate of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The company's revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.25 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed 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. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group's payout ratio is currently 28.76%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David Solomon sold 12,000 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were 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 of the company's stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ericka Leslie sold 100 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the sale, the insider owned 10,460 shares in the company, valued at approximately $9,688,888.80. This represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,500 shares of company stock worth $11,380,508 in the last three months. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.

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.