The Goldman Sachs Group, Inc. $GS Stock Sold by Philadelphia Trust Co.

Philadelphia Trust Co. lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.3% during the 3rd quarter, Holdings Channel reports. The firm owned 41,936 shares of the investment management company’s stock after selling 3,788 shares during the quarter. The Goldman Sachs Group comprises 2.5% of Philadelphia Trust Co.’s portfolio, making the stock its 10th largest holding. Philadelphia Trust Co.’s holdings in The Goldman Sachs Group were worth $37,757,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GS. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth about $69,537,544,000. BlackRock Inc. purchased a new stake in The Goldman Sachs Group in the second quarter valued at approximately $24,172,123,000. Bank of America Corp DE acquired a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $6,756,772,000. Bank of New York Mellon Corp acquired a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $2,560,028,000. Finally, Dimensional Fund Advisors LP increased its holdings in The Goldman Sachs Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,840,675 shares of the investment management company’s stock worth $1,556,706,000 after buying an additional 9,770 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. TD Cowen started coverage on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. They set a “buy” rating and a $1,050.00 price target for the company. Freedom Broker upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and decreased their target price for the company from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. HSBC upped 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 report on Monday, September 28th. Wall Street Zen lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays increased their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $1,052.04.

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 Price Performance

Shares of NYSE GS opened at $910.40 on Wednesday. The stock has a market capitalization of $262.59 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99. The firm’s 50 day simple moving average is $927.53 and its 200-day simple moving average is $956.14. 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 posted its earnings results 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 Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The firm had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. During the same period in the previous year, the business posted $12.25 EPS. The business’s revenue was up 23.0% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David Solomon sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were 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 owned 159,180 shares in the company, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ericka Leslie sold 250 shares of the stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the sale, the insider directly owned 10,710 shares in the company, valued at approximately $9,534,577.50. The trade was a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,500 shares of company stock valued at $11,380,508 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

About The Goldman Sachs Group

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.