The Goldman Sachs (GS) CEO David M Solomon Sells $11M of Stock
Key Points
- David M Solomon, Chairman and CEO of Goldman Sachs, sold 12,000 shares at an average price of $910.72, totaling about $10.9 million.
- After the trade, David M Solomon holds 159,180 $GS shares, down 7.01% from before the trade.
- The stock closed at $911.77 on the day of the sale and has recently traded around $912, which is about equal to the closing price.
- Goldman Sachs has a current dividend yield of 2.24% and a market cap of about $260.1 billion.
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David M Solomon, the Chairman and CEO of The Goldman Sachs Group, Inc. (GS), sold 12,000 shares on October 27, 2026. The sale was valued at approximately $10.9 million, based on an average price of $910.72 per share. This transaction was reported in a Form 4 filing with the SEC.
GS
The Goldman Sachs Group, Inc.
Inside David M Solomon's Trade
Following this sale, Solomon holds 159,180 shares of Goldman Sachs, cutting his stake by about 7.01%. This marks a significant reduction in his ownership of the company.
Other Institutional Activity in Goldman Sachs
In recent filings, BSN Capital Partners cut its holdings in Goldman Sachs by 99,518 shares, reducing its stake by 49.3%. They now hold 102,499 shares worth about $100.5 million. AMF Tjanstepension also reduced its position, selling 1,680 shares and ending with 127,168 shares valued at approximately $114.5 million. Other funds, such as Accurate Wealth Management and Kmg Fiduciary Partners, also reported decreases in their share counts.
The Goldman Sachs Group, Inc. Stock Up 4.1%
Goldman Sachs closed at $911.77 on October 27, 2026, and has recently traded around $912, which is about equal to the closing price. The stock is currently below its 50-day and 200-day moving averages by about 4.7% and 4.8%, respectively. It is also about 21% below its 52-week high of $1,153.99.
Recent Earnings
Goldman Sachs reported trailing twelve-month revenue of approximately $71.0 billion, with an EPS of $69.55. The next earnings report is scheduled for January 19, 2027.
Insider Buying and Selling at The Goldman Sachs Group, Inc.
Since July 2026, Ericka T Leslie, an officer at Goldman Sachs, sold a total of 1,025 shares across several transactions. The most recent sale was on October 22, 2026, when she sold 250 shares for about $222,562.
Analysts Set New Price Targets
On October 23, 2026, Freedom Broker upgraded Goldman Sachs to a Buy rating with a price target of $1,100, down from $1,200. Other analysts, including Citigroup and JP Morgan, maintained their Neutral ratings with targets of $1,000 and $970, respectively. The consensus recommendation remains a Buy with a mean target price of $1,031.14.
About Goldman Sachs
Goldman Sachs is a global financial institution that provides a range of financial services for corporations, financial institutions, governments, and individuals. It operates across various segments, including Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.
Bottom Line
Investors will be watching for Goldman Sachs' upcoming earnings report on January 19, 2027, and any further insider trades. Solomon's recent sale adds to the scrutiny of insider transactions as the company navigates its market position.
Related Filing Alerts
Source: David M Solomon's Form 4 filing on $GS (Oct 27, 2026). Written by software, not financial advice. How we make alerts