The Goldman Sachs Group, Inc. $GS Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Goldman Sachs stake by 38.8% in the third quarter, adding 36,305 shares to bring its holdings to 129,945 shares, valued at about $116.5 million.
• Goldman reported quarterly earnings of $17.01 per share and revenue of $18.68 billion, beating analyst estimates; revenue rose 23% year over year, and the stock was reported up 4.9%.
• Analysts’ consensus rating is Hold, with an average price target of $1,052.04. The company also announced a quarterly dividend of $5 per share, equivalent to a 2.2% annual yield.

Allspring Global Investments Holdings LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 38.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,945 shares of the investment management company's stock after buying an additional 36,305 shares during the period. Allspring Global Investments Holdings LLC's holdings in The Goldman Sachs Group were worth $116,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. Turim 21 Investimentos Ltda. purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. Strive Financial Group LLC raised its stake in The Goldman Sachs Group by 316.7% in the 2nd 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. raised its stake in The Goldman Sachs Group by 188.9% in the 2nd 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 raised its stake in The Goldman Sachs Group by 100.0% in the 3rd 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 The Goldman Sachs Group during the 2nd quarter worth about $33,000. Institutional investors own 71.21% of the company's stock.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs shares advanced alongside other major banks as Wall Street positioned for a wave of large IPOs, suggesting expectations for stronger investment-banking and underwriting activity. Article: Morgan Stanley Climbs on IPO Deal; Goldman Sachs Rises
• Positive Sentiment: Another report points to a busy capital-markets cycle and record quarterly advisory revenue, reinforcing the case that dealmaking is supporting Goldman’s earnings. Article: Goldman Sachs Is Riding a Busy Capital Markets Cycle
• Positive Sentiment: A valuation analysis says GS still looks inexpensive relative to the returns it earns on invested capital, despite its substantial multiyear share-price appreciation. This supports the view that its gains may be backed by business performance rather than valuation alone. Article: Goldman Sachs Stock Looks Cheap Based on Excess Returns
• Neutral Sentiment: Goldman is marketing part of a large SpaceX financing package for GPU purchases. The deal may generate underwriting business, though the article does not quantify the revenue or Goldman’s risk exposure. Article: Goldman Is Selling SpaceX’s GPU Debt
• Negative Sentiment: One earnings analysis says Goldman’s capital-buffer cushion fell from 3.4 percentage points to 1.0 point over nine months. If sustained, reduced capital headroom could concern investors, although the article excerpt provides limited context. Article: Goldman Sachs FY2026 Q3 Earnings Analysis
• Negative Sentiment: A report says ETFs were net sellers of GS shares on Nov. 5, pointing to some near-term fund-flow pressure. Article: ETFs Are Net Sellers of Goldman Sachs

Analyst Ratings Changes

Several analysts have weighed in on GS shares. Freedom Broker upgraded The Goldman Sachs Group from a "hold" rating to a "buy" rating and dropped their price target for the company from $1,200.00 to $1,100.00 in a research note on Friday, October 23rd. Barclays upped their price objective on shares of 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 lowered shares of The Goldman Sachs Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, October 28th. Royal Bank Of Canada cut their price objective on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 14th. Finally, TD Cowen assumed coverage on shares of The Goldman Sachs Group in a report on Thursday, October 8th. They set a "buy" rating and a $1,050.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $1,052.04.

The Goldman Sachs Group Trading Up 4.9%

Shares of NYSE:GS opened at $907.87 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20. The Goldman Sachs Group, Inc. has a 12-month low of $754.00 and a 12-month high of $1,153.99. The business has a 50 day moving average of $929.87 and a two-hundred day moving average of $956.36. The company has a market capitalization of $261.86 billion, a PE ratio of 13.34, a PEG ratio of 0.87 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly 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 net margin of 15.77% and a return on equity of 20.21%. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the prior year, the firm posted $12.25 earnings per share. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 250 shares of the stock in a transaction that occurred 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 transaction, the insider owned 10,710 shares of the company's stock, valued at $9,534,577.50. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Solomon sold 12,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 12,500 shares of company stock worth $11,380,508 in the last quarter. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company's businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.

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