Philadelphia Trust Co. Sells 3,788 Shares of The Goldman Sachs Group, Inc. $GS

Philadelphia Trust Co. reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,936 shares of the investment management company’s stock after selling 3,788 shares during the quarter. The Goldman Sachs Group accounts for approximately 2.5% of Philadelphia Trust Co.’s investment portfolio, making the stock its 10th largest holding. Philadelphia Trust Co.’s holdings in The Goldman Sachs Group were worth $37,757,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in GS. AMG National Trust Bank boosted its stake in shares of The Goldman Sachs Group by 2.1% during the third quarter. AMG National Trust Bank now owns 1,016 shares of the investment management company’s stock valued at $915,000 after purchasing an additional 21 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in The Goldman Sachs Group by 5.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 2,571 shares of the investment management company’s stock valued at $2,315,000 after buying an additional 123 shares during the period. Keybank National Association OH raised its stake in The Goldman Sachs Group by 2.1% in the third quarter. Keybank National Association OH now owns 20,854 shares of the investment management company’s stock worth $18,776,000 after buying an additional 430 shares in the last quarter. MKP Capital Management L.L.C. raised its stake in The Goldman Sachs Group by 176.1% in the third quarter. MKP Capital Management L.L.C. now owns 323,000 shares of the investment management company’s stock worth $290,816,000 after buying an additional 206,000 shares in the last quarter. Finally, 71 West Capital Partners lifted its holdings in The Goldman Sachs Group by 1.7% during the third quarter. 71 West Capital Partners now owns 3,266 shares of the investment management company’s stock worth $2,941,000 after buying an additional 56 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka Leslie sold 250 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the transaction, the insider directly owned 10,710 shares of the company’s stock, valued at $9,534,577.50. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,500 shares of company stock valued at $11,380,508 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Key The Goldman Sachs Group News

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

• Positive Sentiment: CEO David Solomon said demand for AI infrastructure financing remains strong, pointing to client activity and the bank’s role in AI-sector transactions. That could support financing and advisory opportunities for Goldman Sachs, though the revenue impact was not quantified. Goldman Sachs sees strong demand for AI infrastructure financing
• Neutral Sentiment: Goldman Sachs is among 21 financial institutions backing Project Faro, which has secured about $270 million in total funding for a planned U.S. stablecoin venture. The group is targeting a 2027 launch, but Goldman’s individual contribution and the project’s potential returns were not disclosed, making the near-term financial effect uncertain. Goldman and Citi help fund $270 million stablecoin venture
• Neutral Sentiment: A Goldman Sachs analyst reportedly projected that Anthropic could generate $685 billion in annual revenue by 2030. This is a forecast about an AI company—not Goldman Sachs—and is relevant mainly as a sign of the scale of the AI opportunity its banking and financing businesses may serve. Goldman Sachs predicts Anthropic could generate $685 billion in annual revenue
• Negative Sentiment: A Zacks analysis cited slowing earnings as a risk heading into 2027, tempering the positive outlook from AI-related growth opportunities. Is Goldman Sachs an attractive investment option heading into 2027?

The Goldman Sachs Group Trading Up 0.5%

Shares of NYSE:GS opened at $910.40 on Wednesday. The business’s 50-day moving average is $927.53 and its 200 day moving average is $956.14. The Goldman Sachs Group, Inc. has a 1 year low of $754.00 and a 1 year high of $1,153.99. The firm has a market capitalization of $262.59 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.85 and a beta of 1.29. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.61 and a quick ratio of 0.61.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business posted $12.25 earnings per share. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Loop Capital set a $1,050.00 price target on The Goldman Sachs Group in a report on Thursday, October 8th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research report on Wednesday, July 15th. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Freedom Broker raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and dropped their price objective for the company from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,052.04.

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.