The Goldman Sachs Group, Inc. $GS Position Cut by Congress Asset Management Co.

06 Oct 2026, 23:08 by Tristan Rich · The Markets Daily

Congress Asset Management Co. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,701 shares of the investment management company’s stock after selling 41,392 shares during the period. Congress Asset Management Co.’s holdings in The Goldman Sachs Group were worth $126,681,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GS. Bank of New Hampshire raised its position in The Goldman Sachs Group by 83.9% in the 3rd quarter. Bank of New Hampshire now owns 1,881 shares of the investment management company’s stock valued at $1,694,000 after purchasing an additional 858 shares during the last quarter. RVW Wealth LLC boosted its stake in The Goldman Sachs Group by 1.0% during the 3rd quarter. RVW Wealth LLC now owns 1,199 shares of the investment management company’s stock worth $1,080,000 after purchasing an additional 12 shares during the period. Byrne Asset Management LLC grew its position in The Goldman Sachs Group by 97.3% during the 3rd quarter. Byrne Asset Management LLC now owns 513 shares of the investment management company’s stock worth $460,000 after purchasing an additional 253 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in The Goldman Sachs Group by 5.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,165 shares of the investment management company’s stock worth $1,049,000 after purchasing an additional 57 shares during the last quarter. Finally, Park National Corp OH increased its stake in The Goldman Sachs Group by 45.0% in the third quarter. Park National Corp OH now owns 474 shares of the investment management company’s stock valued at $427,000 after purchasing an additional 147 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $4.30 during mid-day trading on Tuesday, hitting $897.76. The stock had a trading volume of 2,048,461 shares, compared to its average volume of 2,203,163. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The firm has a market cap of $261.40 billion, a PE ratio of 13.86, a PEG ratio of 0.93 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company’s 50-day simple moving average is $1,000.26 and its 200-day simple moving average is $986.21.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the previous year, the firm earned $10.91 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 68.4 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were issued a $5.00 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is presently 30.87%.

Key Stories Impacting The Goldman Sachs Group

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

Positive Sentiment: Despite the pullback, Goldman Sachs’ valuation continues to offer potential upside. BMO’s $970 target and UBS’s $1,010 target remain above the recent trading level, suggesting analysts see recovery potential if earnings and capital-markets activity remain strong. BMO price-target report
Positive Sentiment: Goldman’s research team remains constructive on broader equities, forecasting a possible record high for the S&P 500 by year-end. A stronger market could support Goldman’s trading, investment-banking, and asset-management businesses. Goldman Sachs S&P 500 outlook
Neutral Sentiment: Goldman Sachs’ warnings that rising interest rates could worsen the U.S. debt burden—including a forecast that debt-to-GDP may reach 132% by 2035—highlight macroeconomic risks but do not directly change the company’s earnings outlook. Goldman Sachs U.S. debt warning
Negative Sentiment: CEO David Solomon has indicated Goldman is not ready to raise its 14%–16% through-the-cycle return-on-equity target. That restraint suggests management sees limited near-term visibility for improving profitability and may weigh on valuation ahead of the company’s October 13 earnings report. Goldman Sachs ROE target analysis
Negative Sentiment: Goldman Sachs and Man Group were identified as victims of an EY data breach. The disclosure adds reputational, cybersecurity, and potential remediation risks, although the financial impact is not yet clear. EY data-breach report
Negative Sentiment: BMO lowered its price target to $970 and UBS cut its target to $1,010, with both firms maintaining neutral or market-perform views. The revisions reinforce concerns that the stock’s earnings growth and valuation recovery may take time. Goldman Sachs analyst-target updates

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. BMO Capital Markets lowered their price target on The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating on the stock in a report on Tuesday. Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,055.60.

Read Our Latest Stock Analysis on GS

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.