The Goldman Sachs Group, Inc. $GS Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems reduced its Goldman Sachs stake by 11.9% in the third quarter, selling 4,680 shares and retaining 34,676 shares valued at approximately $31.2 million. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with EPS of $17.01 and revenue of $18.68 billion, exceeding analyst expectations and marking 23% year-over-year revenue growth.
• The stock recently traded down 3.8%, while analysts maintained a consensus “Hold” rating with an average price target of $1,049.52. Goldman also declared a quarterly dividend of $5 per share, equivalent to a 2.2% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,676 shares of the investment management company's stock after selling 4,680 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in The Goldman Sachs Group were worth $31,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group in the first quarter valued at $25,000. Strive Financial Group LLC grew its position in shares of The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock worth $25,000 after acquiring an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. grew its position in shares of The Goldman Sachs Group by 188.9% during the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock worth $26,000 after acquiring an additional 17 shares during the last quarter. Cherry Tree Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 100.0% during the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock worth $27,000 after acquiring an additional 15 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $33,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 3.8%

Shares of The Goldman Sachs Group stock opened at $892.49 on Friday. The business has a fifty day simple moving average of $947.65 and a 200-day simple moving average of $958.04. 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 firm has a market cap of $259.87 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same period in the previous year, the company earned $12.25 earnings per share. The Goldman Sachs Group's revenue was up 23.0% compared to the same quarter last year. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group's dividend payout ratio is currently 28.76%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Ericka T. Leslie sold 250 shares of the firm's stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the completion of the sale, the insider directly owned 10,710 shares of the company's stock, valued at $9,534,577.50. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David M. Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the transaction, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. The trade was a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,500 shares of company stock worth $11,380,508 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. TD Cowen assumed coverage on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. They issued a "buy" rating and a $1,050.00 price objective on the stock. Bank of America upped their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. HSBC raised their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a "hold" rating in a research note on Monday, September 28th. Loop Capital set a $1,050.00 price target on The Goldman Sachs Group in a report on Thursday, October 8th. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $1,049.52.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs reportedly is negotiating to acquire a controlling stake in South Korea’s Tmap Mobility. The potential transaction could expand the firm’s alternative-investment and technology exposure, although deal terms and financial impact remain uncertain. Goldman Sachs reportedly looking to acquire controlling stake in Tmap Mobility
• Positive Sentiment: Goldman Sachs advised on approximately $34.8 billion of Middle East and Africa M&A transactions during the first three quarters of 2026, supporting the outlook for investment-banking fees as deal activity improves. Goldman Sachs and Rothschild lead MEA M&A financial advisory
• Positive Sentiment: Goldman Sachs continues to receive favorable long-term commentary. Its latest reported quarter significantly exceeded expectations, with EPS of $17.01 and revenue of $18.68 billion, while the dividend remains supported by a relatively modest payout ratio. Why Goldman Sachs is a top stock for the long term
• Neutral Sentiment: Goldman’s research team continues to promote growth themes including artificial intelligence and autonomous transportation. These reports strengthen the firm’s research and advisory profile but have limited direct impact on near-term GS earnings. Autonomous vehicle stocks backed by hedge funds
• Negative Sentiment: Insider Ericka Leslie sold 100 shares at an average price of $926.28 after selling another 150 shares the prior day. CEO David Solomon also reportedly sold 12,000 shares. The transactions are small relative to total ownership and do not establish a fundamental problem, but repeated insider selling can weigh on investor sentiment. Goldman Sachs insider selling

The Goldman Sachs Group Company 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.

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