The Goldman Sachs Group (NYSE:GS) Shares Down 3.8% Following Insider Selling

Key Points

• Goldman Sachs shares fell 3.8% to $892.49 after insider-selling disclosures. CEO David Solomon sold 12,000 shares, while Ericka Leslie sold a combined 250 shares.
• The company recently reported strong quarterly results, with EPS of $17.01 versus the $12.86 consensus and revenue up 23% year over year to $18.68 billion. Goldman also declared a $5 quarterly dividend, representing a 2.2% annualized yield.
• Analyst sentiment remains mixed: the stock carries a consensus “Hold” rating with an average price target of $1,049.52, while its price is trading below both its 50-day and 200-day moving averages.

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s share price was down 3.8% during mid-day trading on Friday following insider selling activity. The stock traded as low as $879.50 and last traded at $892.49. 2,136,263 shares were traded during trading, a decline of 3% from the average daily volume of 2,213,087 shares. The stock had previously closed at $927.73.

Specifically, insider Ericka Leslie sold 100 shares of the company's stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total transaction of $92,628.00. Following the completion of 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ericka Leslie sold 150 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $911.18, for a total value of $136,677.00. Following the transaction, the insider directly owned 10,560 shares in the company, valued at approximately $9,622,060.80. This represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In related news, CEO David Solomon sold 12,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 159,180 shares in the company, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

GS has been the subject of a number of analyst reports. UBS Group set a $942.00 price objective on shares of The Goldman Sachs Group in a research note on Monday. Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Royal Bank Of Canada cut their target price on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 14th. Keefe, Bruyette & Woods decreased their price target on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a "market perform" rating for the company in a report on Wednesday, October 14th. Finally, Citigroup reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,049.52.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs advised on approximately $34.8 billion of mergers and acquisitions in the Middle East and Africa during the first three quarters of 2026. Robust deal activity supports the outlook for investment-banking advisory fees. Goldman Sachs and Rothschild lead MEA M&A financial advisory
• Positive Sentiment: Recent quarterly results remain a fundamental support for GS. Goldman reported $17.01 in earnings per share versus the $12.86 consensus estimate, while revenue rose 23% year over year to $18.68 billion. The company also declared a $5.00 quarterly dividend, equivalent to a 2.2% annualized yield at the cited share price.
• Neutral Sentiment: Goldman Sachs is reportedly negotiating to acquire a controlling stake in South Korean mobility company Tmap Mobility. The deal could expand its investment portfolio and strategic exposure to technology, although the financial terms, timing and potential return are not yet known. Goldman Sachs reportedly looking to acquire controlling stake in Tmap Mobility
• Neutral Sentiment: Goldman research continues to highlight sizable long-term opportunities in autonomous transportation, including projected robotaxi and autonomous-trucking markets. The forecasts reinforce the firm’s research franchise but have limited immediate impact on Goldman’s earnings. Goldman Sachs autonomous vehicle market forecast
• Negative Sentiment: Insider selling may be pressuring sentiment. CEO David Solomon reportedly sold 12,000 shares, while director or executive Ericka Leslie sold a combined 250 shares in transactions disclosed this week. The sales are relatively small compared with Goldman’s market value, but they can raise caution among investors. David Solomon insider sale
• Negative Sentiment: The stock is trading below both its 50-day and 200-day moving averages, indicating weaker near-term momentum. Potential capital deployment for the Tmap transaction may also add uncertainty until Goldman provides more details.

The Goldman Sachs Group Stock Performance

The firm has a fifty day simple moving average of $949.85 and a 200 day simple moving average of $958.33. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The stock has a market cap of $259.87 billion, a price-to-earnings ratio of 12.83, 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 data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The Goldman Sachs Group's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm earned $12.25 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Institutional Investors Weigh In On The Goldman Sachs Group

Several institutional investors and hedge funds have recently bought and sold shares of GS. BlackRock Inc. acquired a new position in The Goldman Sachs Group during the 2nd quarter worth about $24,172,123,000. Bank of America Corp DE acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at about $6,756,772,000. Orange County Employees Retirement System bought a new position in shares of The Goldman Sachs Group in the second quarter worth about $69,537,544,000. Bank of New York Mellon Corp bought a new position in shares of The Goldman Sachs Group in the second quarter worth about $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth approximately $2,024,921,000. Institutional investors own 71.21% of the company's stock.

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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