The Goldman Sachs Group, Inc. $GS Stock Holdings Reduced by Narwhal Capital Management

Narwhal Capital Management trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,430 shares of the investment management company’s stock after selling 3,509 shares during the period. The Goldman Sachs Group makes up about 1.3% of Narwhal Capital Management’s holdings, making the stock its 18th largest holding. Narwhal Capital Management’s holdings in The Goldman Sachs Group were worth $19,295,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $25,000. Strive Financial Group LLC grew its holdings in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. grew its holdings in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the period. Cherry Tree Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth about $33,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the transaction, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ericka Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction dated 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 approximately $9,534,577.50. This represents a 2.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,500 shares of company stock valued at $11,380,508 over the last 90 days. 0.55% of the stock is currently owned by company 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?

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. Citigroup reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 14th. Barclays lifted their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. HSBC boosted their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Finally, UBS Group decreased their price objective on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,052.04.

The Goldman Sachs Group Trading Up 0.5%

GS opened at $910.40 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.20. The business has a fifty day simple moving average of $927.53 and a 200-day simple moving average of $956.14. The firm has a market cap 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $12.25 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

The Goldman Sachs Group Company 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.