Vestcor Inc Acquires 1,789 Shares of The Goldman Sachs Group, Inc. $GS

Vestcor Inc raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 28.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,118 shares of the investment management company’s stock after acquiring an additional 1,789 shares during the period. Vestcor Inc’s holdings in The Goldman Sachs Group were worth $6,465,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the third quarter worth approximately $26,000. First PREMIER Bank bought a new stake in The Goldman Sachs Group during the third quarter valued at approximately $28,000. Corundum Trust Company INC bought a new stake in The Goldman Sachs Group during the third quarter valued at approximately $29,000. Clearstead Trust LLC purchased a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $31,000. Finally, Elevation Wealth Partners LLC grew its stake in The Goldman Sachs Group by 100.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 2,846 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the sale, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. This trade represents a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex S. Golten sold 1,092 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $936.89, for a total value of $1,023,083.88. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: UBS raised its price target on GS, citing a stronger capital markets outlook — a signal to investors that analysts expect continued fee and underwriting strength. Article Title
• Positive Sentiment: Goldman is pitching a new product to hedge funds letting them take long or short positions on corporate loans, which could grow trading flow and fee opportunities in credit markets. Article Title
• Positive Sentiment: Goldman Sachs Alternatives invested in Schellman to expand AI governance and compliance offerings — a strategic move to boost fee-bearing private markets and services revenue tied to AI oversight demand. Article Title
• Positive Sentiment: Goldman is positioned on IPO pipeline activity (e.g., Nscale funding and pre-IPO work), suggesting potential future underwriting and advisory fees. Article Title
• Neutral Sentiment: Goldman research and market notes (on momentum trades, ETF flows and oil) are guiding client positioning but are informational rather than immediate revenue drivers. Article Title
• Neutral Sentiment: Goldman commentary on oil and commodities highlights volatility and longer-term scenarios for energy prices — relevant for trading desks but not a direct corporate-credit event. Article Title
• Neutral Sentiment: Regulatory transparency filings show Goldman holdings in Ontex; routine disclosure that has limited market impact. Article Title
• Negative Sentiment: Goldman-led lenders are bracing for losses on debt tied to Arclin after demand cooled — a credit loss scenario that could pressure provisions or mark-to-market results for underwriting/loan exposures. Article Title
• Negative Sentiment: Broader market moves — bond sell-offs on inflation fears and rising ETF short activity — raise trading volatility that can both help or hurt GS trading revenues; the immediate read is higher risk to near-term results. Article Title

The Goldman Sachs Group Price Performance

GS opened at $832.42 on Tuesday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $917.40 and its 200 day simple moving average is $842.60. The firm has a market cap of $247.02 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.01 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the prior year, the firm posted $11.95 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 2.2%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Jefferies Financial Group increased their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. BMO Capital Markets raised their price target on The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $916.86.

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.