The Goldman Sachs Group, Inc. $GS Shares Bought by Sunbelt Securities Inc.

Key Points

• Sunbelt Securities boosted its stake in Goldman Sachs by 333.4% in Q3 to 3,896 shares (about $3.10M), and other institutions also increased positions, leaving institutional investors with 71.21% ownership.
• Goldman beat estimates for the quarter — EPS $13.55 vs. $11.52 expected and revenue $15.71B vs. $14.30B — and raised its quarterly dividend to $4.50 (annualized $18.00, ~2.2% yield).
• Despite the buy-side activity and a push into private credit (targeting $300B by 2029), insiders have been net sellers — the CFO sold 11,623 shares and insiders sold about 117,283 shares (~$112M) in the last 90 days — while analysts' consensus target sits near $919.29.

Sunbelt Securities Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 333.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,896 shares of the investment management company's stock after buying an additional 2,997 shares during the quarter. Sunbelt Securities Inc.'s holdings in The Goldman Sachs Group were worth $3,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hartline Investment Corp lifted its holdings in shares of The Goldman Sachs Group by 153.3% in the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after purchasing an additional 860 shares during the last quarter. A4 Wealth Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth $940,000. Stevens Capital Management LP acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth $1,392,000. Meridian Wealth Management LLC lifted its position in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock valued at $1,857,000 after purchasing an additional 659 shares during the period. Finally, AlTi Global Inc. boosted its stake in shares of The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after buying an additional 13,879 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.6%

GS opened at $807.28 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The business has a 50-day moving average of $904.79 and a two-hundred day moving average of $845.08. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $239.56 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the firm posted $11.95 EPS. The company's revenue was down 3.0% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group's payout ratio is 35.09%.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 11,623 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the sale, the chief financial officer directly owned 29,342 shares in the company, valued at $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 272 shares of the firm's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares in the company, valued at approximately $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,283 shares of company stock valued at $112,016,033 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman is aggressively expanding in private credit, targeting a $300 billion portfolio by 2029 — a strategic growth push that could meaningfully boost fee income and diversify revenue away from cyclical trading and IB activity. Expansion in Private Credit
• Positive Sentiment: Goldman Sachs Asset Management is targeting $13 billion for a new junior-debt fund — positive for AUM growth and recurring fee revenue if fundraising succeeds. AM Targets $13B
• Positive Sentiment: Goldman reiterated a bullish macro view (including a higher S&P 500 target) and has been publishing sector/commodity calls that can drive client flow and trading volumes if markets follow — supportive for FICC and equities businesses. S&P 500 Forecast
• Neutral Sentiment: Goldman cut India’s FY27 growth forecast to 6.4% and warned the rupee could slide to ~95 vs. the dollar over a year — important macro research that may weigh on Asia-facing deal flow and markets but is not a direct earnings event for GS. India Growth Forecast
• Neutral Sentiment: Related coverage: Goldman warned the rupee could hit 95 and that RBI may need to tighten if energy-driven inflation rises — market-moving research that could boost demand for FX and rates trading. Rupee Warning Financial Post: Rupee
• Neutral Sentiment: Goldman research warns the current Middle East shock will hit refined fuels (diesel, jet) harder than crude — such commodity views drive client hedging and trading activity but are indirect for GS’s core earnings. Fuels Impact
• Negative Sentiment: Goldman flagged that hedge funds are aggressively shorting financial stocks — sector-wide short pressure could weigh on GS shares and reduce capital-markets activity if investor risk appetite falls. Hedge Funds Shorting Financials
• Negative Sentiment: Nomura hired an ex-Goldman derivatives salesperson to boost sales — incremental competitor hiring can chip at client relationships and trading desks in specific regions. Nomura Hire
• Negative Sentiment: Former Goldman CEO and other commentators sounding alarms on private-credit risks raise headline risk around the fast-growing area GS is expanding into — could pressure sentiment on financials if concerns escalate. Private Credit Warning

Analysts Set New Price Targets

A number of research firms recently commented on GS. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a "market perform" rating in a report on Tuesday, January 20th. Jefferies Financial Group increased their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Evercore reiterated an "outperform" rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. HSBC upped their target price on shares of The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. Finally, Barclays raised their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an "overweight" rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $919.29.

The Goldman Sachs Group Profile

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.

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