The Goldman Sachs Group (NYSE:GS) Stock Falls 3.8% on Insider Selling

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) dropped 3.8% on Friday following insider selling activity. The stock traded as low as $879.50 and last traded at $892.49. 2,136,263 shares changed hands during trading, a decline of 3% from the average session volume of 2,213,087 shares. The stock had previously closed at $927.73.

Specifically, insider Ericka Leslie sold 100 shares of The Goldman Sachs Group stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the completion of the sale, the insider directly owned 10,460 shares of the company’s stock, valued at approximately $9,688,888.80. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ericka Leslie sold 150 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $911.18, for a total value of $136,677.00. Following the sale, the insider owned 10,560 shares of the company’s stock, valued at approximately $9,622,060.80. The trade was a 1.40% decrease in their position. The SEC filing for this sale provides additional information. In related news, CEO David Solomon sold 12,000 shares of the firm’s 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 transaction, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings lowered The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. 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 target price on the stock. UBS Group set a $942.00 target price on shares of The Goldman Sachs Group in a research note on Monday. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,049.52.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs advised on approximately $34.8 billion of mergers and acquisitions in the Middle East and Africa during the first three quarters of 2026. Robust deal activity supports the outlook for investment-banking advisory fees. Goldman Sachs and Rothschild lead MEA M&A financial advisory
• Positive Sentiment: Recent quarterly results remain a fundamental support for GS. Goldman reported $17.01 in earnings per share versus the $12.86 consensus estimate, while revenue rose 23% year over year to $18.68 billion. The company also declared a $5.00 quarterly dividend, equivalent to a 2.2% annualized yield at the cited share price.
• Neutral Sentiment: Goldman Sachs is reportedly negotiating to acquire a controlling stake in South Korean mobility company Tmap Mobility. The deal could expand its investment portfolio and strategic exposure to technology, although the financial terms, timing and potential return are not yet known. Goldman Sachs reportedly looking to acquire controlling stake in Tmap Mobility
• Neutral Sentiment: Goldman research continues to highlight sizable long-term opportunities in autonomous transportation, including projected robotaxi and autonomous-trucking markets. The forecasts reinforce the firm’s research franchise but have limited immediate impact on Goldman’s earnings. Goldman Sachs autonomous vehicle market forecast
• Negative Sentiment: Insider selling may be pressuring sentiment. CEO David Solomon reportedly sold 12,000 shares, while director or executive Ericka Leslie sold a combined 250 shares in transactions disclosed this week. The sales are relatively small compared with Goldman’s market value, but they can raise caution among investors. David Solomon insider sale
• Negative Sentiment: The stock is trading below both its 50-day and 200-day moving averages, indicating weaker near-term momentum. Potential capital deployment for the Tmap transaction may also add uncertainty until Goldman provides more details.

The Goldman Sachs Group Stock Down 3.8%

The firm’s 50 day moving average is $949.85 and its two-hundred day moving average is $958.33. The firm has a market cap of $259.87 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82.

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 for the quarter, topping the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the business posted $12.25 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a 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 presently 28.76%.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently added to or reduced their stakes in GS. Turim 21 Investimentos Ltda. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Strive Financial Group LLC boosted its holdings in shares of The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after buying an additional 19 shares during the period. BOK Financial Private Wealth Inc. boosted its holdings in shares of The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying 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 third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter worth $33,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

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.