The Goldman Sachs Group, Inc. $GS Stock Position Lowered by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,804 shares of the investment management company’s stock after selling 713 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in The Goldman Sachs Group were worth $47,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in The Goldman Sachs Group in the 2nd quarter worth $24,172,123,000. Bank of America Corp DE acquired a new position in The Goldman Sachs Group during the second quarter worth $6,756,772,000. Orange County Employees Retirement System acquired a new position in The Goldman Sachs Group during the second quarter worth $69,537,544,000. Bank of New York Mellon Corp purchased a new position in The Goldman Sachs Group during the second quarter valued at $2,560,028,000. Finally, International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at $2,024,921,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 2.0%

Shares of GS stock opened at $893.17 on Tuesday. The stock’s fifty day moving average is $959.71 and its two-hundred day moving average is $958.88. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The firm has a market capitalization of $260.07 billion, a P/E ratio of 12.84, a PEG ratio of 0.83 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping 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 19.55%. The company had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. During the same quarter in the previous year, the company posted $12.25 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs and Morgan Stanley will lead the planned initial public offering of Anthropic, giving Goldman a potentially significant underwriting and advisory opportunity as investor interest in AI remains high. Coveted Roles in Anthropic’s Upcoming IPO Lift Goldman Sachs, Morgan Stanley
• Positive Sentiment: Analyst commentary highlights Goldman’s stronger investment-banking growth, trading momentum, solid third-quarter results and lower valuation relative to Morgan Stanley. Another research note cited potential upside of 21.6% and described GS as a buy based on earnings and valuation. Goldman or Morgan Stanley: Which Stock Is Better Bet Post Q3 Results? Buy GS and C on Solid Q3 Earnings, Attractive Valuation and Upside
• Positive Sentiment: Goldman led North American M&A advisers by transaction value, advising on approximately $510.5 billion of deals through the first three quarters of 2026, supporting its fee-generating investment-banking franchise. Goldman Sachs and Houlihan Lokey lead North American M&A financial advisers
• Positive Sentiment: Freedom Broker upgraded Goldman’s stock rating, while 35 ETFs reportedly added GS holdings, providing additional supportive sentiment and potential demand. Goldman Sachs Stock Rating Upgraded
• Neutral Sentiment: Goldman launched a Small Business AI Institute with a commitment of up to $500 million and support from Anthropic, Google, Meta and OpenAI. The initiative could deepen client relationships and create long-term growth, but also represents a substantial investment. What Does Goldman Sachs Gain From Its Small Business AI Push?
• Negative Sentiment: Goldman strategist warnings that AI’s economic boost may be nearing its peak, along with a sharp reduction in the firm’s KOSPI target amid AI valuation and volatility concerns, could weigh on risk appetite and raise questions about the sustainability of AI-related activity. AI’s boost to the U.S. economy is nearing its peak
• Negative Sentiment: Insider Ericka Leslie sold 250 GS shares for approximately $222,563, reducing her holdings by 2.28%. The relatively small transaction is unlikely to materially change Goldman’s fundamentals but may be viewed as a modest cautionary signal.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Ericka Leslie sold 250 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total transaction of $222,562.50. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GS shares. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Barclays upped their price target on shares of 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. Wall Street Zen raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a report on Friday, September 25th. Finally, HSBC boosted their price objective on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. One research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,049.52.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.