NJ State Employees Deferred Compensation Plan Sells 1,940 Shares of The Goldman Sachs Group, Inc. $GS

NJ State Employees Deferred Compensation Plan reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,610 shares of the investment management company’s stock after selling 1,940 shares during the quarter. The Goldman Sachs Group makes up about 1.0% of NJ State Employees Deferred Compensation Plan’s portfolio, making the stock its 12th largest holding. NJ State Employees Deferred Compensation Plan’s holdings in The Goldman Sachs Group were worth $9,246,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $26,000. First PREMIER Bank acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $28,000. Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth $29,000. Dogwood Wealth Management LLC raised its stake in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after buying an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman led global M&A in 2025, advising on roughly $1.48 trillion of deals — a direct revenue and market-share win for GS’s investment-banking franchise. Goldman Sachs tops global M&A rankings with $1.48 trillion in deals
• Positive Sentiment: Jefferies bumped GS’s price target sharply to $1,087 and maintained a Buy — a sizable endorsement that supports upside for the stock. Jefferies adjusts price target on Goldman Sachs
• Positive Sentiment: Wells Fargo raised its GS target to $970 with an Overweight rating and Barclays has lifted its target as well — analyst momentum is lifting investor confidence in GS’s near-term upside. Wells Fargo boosts The Goldman Sachs Group price target to $970.00
• Positive Sentiment: Goldman is tied to active IPO activity — Discord has filed confidentially and tapped Goldman as an underwriter, signaling continued capital-markets fee opportunities. Discord Quietly Files For US IPO Tapping Goldman Sachs And JPMorgan
• Positive Sentiment: Goldman’s research expects improved regulatory clarity to drive institutional crypto adoption — a positive structural growth theme for trading, prime services and custody revenues. Goldman Sachs sees regulation driving next wave of institutional crypto adoption
• Neutral Sentiment: Daiwa raised its GS target to $927 but kept a Neutral rating — the change trims downside risk but isn’t a strong buy signal. Daiwa Securities adjusts price target on Goldman Sachs
• Neutral Sentiment: Goldman analysts are making mixed thematic calls (e.g., S&P 7,600 in 2026 but valuations are a wildcard) — useful for long-term allocation but adds near-term uncertainty. Goldman 2026 Call: S&P 500 To 7,600 — But Valuations Are The Wild Card
• Neutral Sentiment: Goldman research flagged a potential US power-grid capacity crunch by 2030 — a sector-level insight that may guide energy/infrastructure investment banking but is not an immediate revenue driver. Goldman Sachs Warns US Grids Face Power Crunch by 2030
• Negative Sentiment: Goldman strategists cautioned markets face a difficult environment and highlighted risks — a reminder that macro volatility or valuation pressure could weigh on GS’s trading and markets revenue. Why stocks will sidestep 1920s and 1987 parallels, according to Goldman Sachs

The Goldman Sachs Group Trading Up 0.7%

Shares of NYSE GS opened at $955.05 on Wednesday. The stock has a market capitalization of $286.45 billion, a P/E ratio of 19.40, a PEG ratio of 1.11 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $961.69. The business’s 50 day moving average is $843.27 and its two-hundred day moving average is $778.94. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same period last year, the business earned $8.40 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $4.00 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday, October 21st. HSBC lifted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $855.00 to $970.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada upped their price objective on The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Finally, Citigroup upped their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $852.28.

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.