Synovus Financial Corp Increases Holdings in The Goldman Sachs Group, Inc. $GS

Synovus Financial Corp increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 21,637 shares of the investment management company’s stock after buying an additional 1,438 shares during the quarter. Synovus Financial Corp’s holdings in The Goldman Sachs Group were worth $17,239,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in The Goldman Sachs Group in the second quarter valued at approximately $2,138,031,000. AGF Management Ltd. raised its stake in shares of The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after buying an additional 466,187 shares during the period. Laurel Wealth Advisors LLC raised its stake in shares of The Goldman Sachs Group by 100,678.6% in the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after buying an additional 403,721 shares during the period. Ameriprise Financial Inc. lifted its position in shares of The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after buying an additional 291,280 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock worth $4,628,507,000 after acquiring an additional 227,604 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GS shares. HSBC upped their price objective on shares of The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Bank of America boosted their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $916.86.

The Goldman Sachs Group Trading Up 2.0%

The Goldman Sachs Group stock opened at $934.23 on Thursday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The stock has a market cap of $280.20 billion, a P/E ratio of 18.21, a PEG ratio of 1.12 and a beta of 1.34. The firm’s fifty day moving average price is $921.63 and its 200-day moving average price is $828.08.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the previous year, the business earned $11.95 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

Insiders Place Their Bets

In related news, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were 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 directly owned 125,527 shares in the company, valued at approximately $117,859,810.84. The trade was a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the completion of the transaction, the chief financial officer directly owned 29,342 shares in the company, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman’s asset & wealth management arm reported durable growth — record fees, $14.9B revenue for 2025 and $3.61T in assets under management, supporting recurring-fee income and a steadier earnings base. Goldman’s Wealth Management Business Emerges as Durable Growth Engine
• Positive Sentiment: Goldman is lead underwriter on Robinhood’s $1B pre-IPO closed-end fund — a sizable deal that should boost investment-banking and underwriting fees and highlights Goldman’s role on large retail-focused mandates. Robinhood Launches $1B Pre-IPO Fund
• Positive Sentiment: Market snapshot pieces show GS shares trading higher than the broader market today, reflecting investor appetite for its fee-generating businesses and recent beats. Goldman Sachs (GS) Rises Higher Than Market
• Neutral Sentiment: CEO David Solomon reiterated support for a “rule‑based” U.S. crypto framework and said he personally owns Bitcoin — signals that Goldman will continue to deepen crypto services for institutional clients, but also ties the firm to a volatile asset class. Solomon calls rule-based system for crypto ‘very, very important’
• Neutral Sentiment: Goldman’s research/coverage activity continues to influence markets (e.g., initiating coverage on LG Electronics India, analyst price-target moves and sector research like rare-earths or EV/battery picks) — these bolster fee and advisory pipelines but are not immediate earnings drivers. Goldman Sachs initiates coverage on LG Electronics India
• Negative Sentiment: Goldman plans to remove race, gender identity and sexual orientation criteria from board-candidate screening — widely reported by the NYT, Fortune and WSJ. The move raises reputational and governance concerns, could draw political scrutiny and potentially unsettle ESG-focused institutional investors. Goldman Sachs to Drop D.E.I. Criteria for Board Members
• Negative Sentiment: Royal Bank of Canada hired Goldman equities trader Noel Reyes to lead equity-algorithm product innovation — a direct talent loss in trading/execution that could modestly weaken Goldman’s equities execution bench over time. RBC Hires Goldman Trader Noel Reyes

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.