Arizona State Retirement System Has $71.36 Million Position in The Goldman Sachs Group, Inc. $GS

Arizona State Retirement System cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,603 shares of the investment management company’s stock after selling 1,258 shares during the quarter. Arizona State Retirement System’s holdings in The Goldman Sachs Group were worth $71,355,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GS. Harbor Capital Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group during the third quarter valued at $29,000. Elevation Wealth Partners LLC grew its stake in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 20 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares in the company, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the sale, the treasurer owned 2,017 shares of the company’s stock, valued at approximately $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 87,513 shares of company stock valued at $83,718,401. 0.55% of the stock is owned by company insiders.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Bank of America sees upside to Goldman Sachs’ earnings into 2026, reinforcing expectations for continued operating leverage from investment banking and trading. This analyst view supports the rally in GS shares. Bank of America sees earnings upside at Goldman Sachs
• Positive Sentiment: Goldman’s strong Q4 results and upbeat investment-banking outlook, plus a higher quarterly dividend ($4.50 per share; ex-div date Mar 2), boost income and capital-return narratives that support valuation. Goldman Sachs Soars on Q4 Post, Strong Investment Banking Outlook
• Positive Sentiment: Recent analyst upgrades/target increases (Wells Fargo, Barclays and others) lift sentiment and provide near‑term buy-side support given GS’s discounted multiple vs. peers. MarketBeat GS analyst roundup
• Neutral Sentiment: Goldman is reportedly one of several banks involved in advisory talks as crypto custodian Copper considers an IPO — this highlights fee opportunities in digital-asset infrastructure but is early-stage and uncertain. Crypto custodian Copper weighs IPO — Cointelegraph
• Neutral Sentiment: Ongoing research flow (macro, metals, AI/semiconductor calls) keeps GS visible to institutional clients — supportive of fee-generating client activity but with mixed direct P&L impact. Goldman vs. Evercore — Zacks
• Negative Sentiment: Insider selling: CEO David Solomon and Treasurer Carey Halio (among others) disclosed stock sales last week, including sizable reductions by senior executives — a near-term negative for sentiment even though sales may be routine. David Solomon SEC Form 4
• Negative Sentiment: Additional insider/insider-sale coverage highlights multiple high-profile exits and sizeable position trims, which can pressure sentiment and lead some investors to trim exposure despite the company’s strong fundamentals. TipRanks: Insider selling roundup

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GS shares. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Daiwa Capital Markets raised their price objective on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Bank of America lifted their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Argus increased their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Citigroup raised their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $898.00.

The Goldman Sachs Group Stock Performance

GS opened at $938.56 on Friday. The stock’s 50 day simple moving average is $894.77 and its 200-day simple moving average is $806.87. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The stock has a market cap of $281.50 billion, a PE ratio of 18.30, a P/E/G ratio of 1.15 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping 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 firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter last year, the company earned $11.95 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is 31.20%.

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.