Narwhal Capital Management Sells 4,372 Shares of The Goldman Sachs Group, Inc. $GS

Narwhal Capital Management reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,599 shares of the investment management company’s stock after selling 4,372 shares during the quarter. The Goldman Sachs Group comprises approximately 1.6% of Narwhal Capital Management’s holdings, making the stock its 13th largest position. Narwhal Capital Management’s holdings in The Goldman Sachs Group were worth $21,182,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GS. Jessup Wealth Management Inc grew its stake in The Goldman Sachs Group by 4.0% during the third quarter. Jessup Wealth Management Inc now owns 2,161 shares of the investment management company’s stock valued at $1,721,000 after acquiring an additional 84 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of The Goldman Sachs Group by 10.7% during the 3rd quarter. Valmark Advisers Inc. now owns 362 shares of the investment management company’s stock valued at $288,000 after purchasing an additional 35 shares during the last quarter. Trueblood Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 1.9% during the third quarter. Trueblood Wealth Management LLC now owns 2,313 shares of the investment management company’s stock valued at $1,842,000 after purchasing an additional 44 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of The Goldman Sachs Group by 30.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 34,552 shares of the investment management company’s stock worth $27,515,000 after purchasing an additional 8,022 shares during the last quarter. Finally, Webster Bank N. A. lifted its position in shares of The Goldman Sachs Group by 4.6% in the third quarter. Webster Bank N. A. now owns 796 shares of the investment management company’s stock worth $634,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.5%

NYSE:GS opened at $939.04 on Friday. The firm has a 50-day simple moving average of $852.31 and a 200-day simple moving average of $783.16. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $961.69. The firm has a market cap of $281.65 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.00 and a beta of 1.33. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65.

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

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were paid a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Analyst Upgrades and Downgrades

GS has been the subject of several research analyst reports. Citigroup raised their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $855.00 to $970.00 and gave the company an “overweight” rating in a report on Monday, January 5th. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $785.00 to $980.00 and gave the company a “market perform” rating in a research note on Tuesday. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $849.61.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman expects a one-time ~46-cent per‑share boost to Q4 2025 EPS as it exits the Apple Card business and releases $2.48B of loan-loss reserves; the transition to JPMorgan includes markdowns but the reserve release is an immediate earnings tailwind. Goldman Projects 46-Cent EPS Gain in Q4 From Apple Card Transition
• Positive Sentiment: Broker support is piling up — notable price‑target raises (Barclays and others) and bullish notes have increased momentum and investor confidence in GS’s earnings trajectory. Barclays Turns More Confident on Goldman Sachs (GS)
• Neutral Sentiment: Goldman research continues to move markets in other names (e.g., raising Reliance Industries target), underscoring its influential research franchise but with limited direct impact on GS’s operating results. Goldman Sachs raises Reliance Industries’ share price target ahead of Q3 results next week. Here’s why
• Neutral Sentiment: Goldman strategists warn that elevated equity valuations pose downside risk for markets — a macro caveat that can temper appetite for cyclical/risk assets even as GS benefits from its own one‑offs and fees. Goldman Strategists Say High Valuations Put Equities at Risk
• Negative Sentiment: Analysts flag the upcoming January earnings report as a potential volatility point — some models expect a decline in core earnings (outside the Apple Card reserve release), so results or management commentary could produce near‑term swings. Analysts Estimate Goldman Sachs (GS) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Some commentary questions whether GS’s recent ~66% one‑year rally is fully justified — elevated expectations raise the risk of downside if macro or trading revenues soften. Is Goldman Sachs Group (GS) Pricing Reflect Recent 66% One Year Rally Accurately

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.