The Goldman Sachs Group (NYSE:GS) CEO David Solomon Sells 12,000 Shares of Stock

Key Points

• CEO David Solomon sold 12,000 Goldman Sachs shares at an average price of $910.72, generating approximately $10.93 million and reducing his position by 7.01%.
• Goldman Sachs reported strong quarterly results, with EPS of $17.01 and revenue of $18.68 billion, both above analyst estimates; revenue increased 23% year over year.
• The company declared a quarterly dividend of $5 per share, equivalent to $20 annually and a 2.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $1,049.52.

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) CEO David Solomon sold 12,000 shares of the firm's stock in a transaction dated Tuesday, October 27th. The stock was 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. This trade represents a 7.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $18.82 on Tuesday, reaching $912.10. 1,850,335 shares of the company traded hands, compared to its average volume of 2,218,525. The company has a 50 day moving average of $959.71 and a 200 day moving average of $958.88. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The firm has a market capitalization of $265.58 billion, a PE ratio of 13.11, a PEG ratio of 0.83 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted 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 Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter in the prior year, the business earned $12.25 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 23.0% on a year-over-year basis. Equities analysts forecast 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. Shareholders of record on Wednesday, December 2nd will be issued 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 28.76%.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs and Morgan Stanley are expected to lead the planned Anthropic initial public offering. The mandate could generate underwriting and advisory fees while strengthening Goldman’s position in the growing AI-finance market. Coveted Roles in Anthropic’s Upcoming IPO Lift Goldman Sachs, Morgan Stanley
• Positive Sentiment: Recent research describes GS as an attractive post-earnings value, citing stronger investment banking, active trading, improving earnings estimates and a lower valuation than Morgan Stanley. Goldman’s latest quarter also exceeded consensus on earnings and revenue. Goldman or Morgan Stanley: Which Stock Is Better Bet Post Q3 Results?
• Positive Sentiment: Goldman ranked first among North American M&A advisers by transaction value, advising on roughly $510.5 billion of deals through the first three quarters of 2026. This supports expectations for continued investment-banking fees as deal activity improves. Goldman Sachs and Houlihan Lokey lead North American M&A financial advisers
• Neutral Sentiment: Goldman launched a Small Business AI Institute with a potential $500 million commitment and technology support from Anthropic, Google, Meta and OpenAI. The initiative may deepen client relationships, but its near-term financial return is uncertain. What Does Goldman Sachs Gain From Its Small Business AI Push?
• Negative Sentiment: Reports of investors de-risking from AI stocks and Goldman’s warnings that the AI-driven economic boost may be nearing a peak could weigh on trading sentiment, deal volumes and risk appetite. The firm also cut its KOSPI target amid concerns over elevated AI-related valuations. AI’s boost to the U.S. economy is nearing its peak
• Negative Sentiment: Insider Ericka Leslie sold 250 GS shares for approximately $222,563. The sale reduced her position by 2.28%, but its relatively small size limits its significance for Goldman’s fundamentals.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at about $53,720,000. Envestnet Portfolio Solutions Inc. increased its stake in The Goldman Sachs Group by 14.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company's stock worth $17,606,000 after purchasing an additional 2,230 shares during the period. Sax Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 148.7% in the 2nd quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company's stock worth $3,569,000 after purchasing an additional 2,110 shares during the period. Baird Financial Group Inc. increased its stake in The Goldman Sachs Group by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 110,233 shares of the investment management company's stock worth $111,487,000 after purchasing an additional 3,063 shares during the period. Finally, Liontrust Investment Partners LLP lifted its position in The Goldman Sachs Group by 1,007.5% in the first quarter. Liontrust Investment Partners LLP now owns 9,602 shares of the investment management company's stock valued at $8,123,000 after purchasing an additional 8,735 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

GS has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a "neutral" rating in a research report on Friday, October 16th. Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Wells Fargo & Company lowered their target price 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 research note on Friday, September 25th. Barclays boosted their target price 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. Finally, Evercore restated an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $1,049.52.

About The Goldman Sachs Group

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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