Rafferty Asset Management LLC Reduces Holdings in The Goldman Sachs Group, Inc. $GS

Rafferty Asset Management LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,189 shares of the investment management company’s stock after selling 1,453 shares during the quarter. Rafferty Asset Management LLC’s holdings in The Goldman Sachs Group were worth $80,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 3.6% in the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock worth $4,628,507,000 after purchasing an additional 227,604 shares during the last quarter. Bank of New York Mellon Corp boosted its position in The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after buying an additional 157,473 shares during the period. Norges Bank bought a new stake in The Goldman Sachs Group in the 2nd quarter worth $2,138,031,000. Ameriprise Financial Inc. grew its holdings in The Goldman Sachs Group by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after acquiring an additional 291,280 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of The Goldman Sachs Group by 2.8% during the second quarter. Franklin Resources Inc. now owns 1,815,660 shares of the investment management company’s stock valued at $1,285,032,000 after acquiring an additional 48,835 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Autonomous Res dropped their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, HSBC upped their target price on The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $916.86.

More The Goldman Sachs Group News

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

• Positive Sentiment: Q4 results showed earnings strength: EPS beat expectations and net income rose year‑over‑year, which supports valuation narratives and underpins several bullish analyst price targets and buy ratings.
• Neutral Sentiment: Goldman analysts continue to publish market-impact research (e.g., estimating a $5–$6 oil risk premium from U.S.–Iran tensions) — a reminder the firm’s macro/research franchise remains active and can drive trading flows for clients. U.S.-Iran tensions adding $5-$6 oil risk premium, Goldman analysts say
• Neutral Sentiment: Goldman’s research team is active across coverage (recent analyst moves on Segro and Iberdrola show ongoing industry engagement), which supports recurring revenue from institutional clients but is unlikely to move the stock dramatically on its own. Segro: Solid Operations but Limited Upside and Valuation Constraints Drive Shift to Hold
• Negative Sentiment: Technical risk: Barron’s flags GS trading near a critical support ~ $875 — a decisive breakdown could trigger broader selling in financials and amplify the decline in GS shares as technical traders rush for exits. All Eyes on Goldman Sachs as Key Support Wobbles
• Negative Sentiment: Cash-flow and insider activity concerns: recent reporting highlighted a large drop in operating cash flow and extensive insider selling, which can weigh on sentiment and raises questions about liquidity/treasury trends even as EPS was up. Goldman Sachs Group Inc. (GS) Releases Q4 2025 Earnings: Revenue Down, EPS Up; Operating Cash Flow Plunges
• Negative Sentiment: Talent risk: press reports indicate Millennium Management hired Goldman’s equities co‑chief — an executive departure that can concern investors about bench strength in investment banking/equities leadership. Hedge Fund and Insider Trading News: David Tepper, Steve Cohen, Ray Dalio, Brevan Howard, Millennium Management, Citadel Investment Group, Candel Therapeutics Inc (CADL), Meta Platforms Inc (META), and More
• Negative Sentiment: Reputation/ESG noise: commentary on Goldman’s DEI challenges adds a reputational overhang that can amplify selling during risk‑off episodes. Goldman Sachs And The Fragility Of Corporate DEI

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 1,092 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the completion of the transaction, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 117,283 shares of company stock valued at $112,016,033. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 7.7%

NYSE:GS opened at $857.90 on Friday. The firm has a market capitalization of $254.58 billion, a P/E ratio of 16.73, a PEG ratio of 1.14 and a beta of 1.34. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The company’s 50-day simple moving average is $924.23 and its 200 day simple moving average is $836.28.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter last year, the firm earned $11.95 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 2.1%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

About The Goldman Sachs Group

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.