Fort Washington Investment Advisors Inc. OH cut its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,653 shares of the investment management company’s stock after selling 5,117 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in The Goldman Sachs Group were worth $62,713,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $24,172,123,000. Bank of America Corp DE bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $6,756,772,000. Orange County Employees Retirement System acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at about $69,537,544,000. Corient Private Wealth LLC grew its stake in shares of The Goldman Sachs Group by 1,657.7% in the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in The Goldman Sachs Group during the second quarter worth about $2,560,028,000. 71.21% of the stock is owned by institutional investors and hedge funds.
The Goldman Sachs Group Price Performance
GS stock opened at $877.07 on Thursday. The company’s 50-day moving average price is $980.74 and its two-hundred day moving average price is $989.49. The firm has a market cap of $255.38 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.98 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82. The Goldman Sachs Group, Inc. has a 12 month low of $740.01 and a 12 month high of $1,153.99.
The Goldman Sachs Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 30.87%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on GS. Weiss Ratings cut shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. TD Cowen initiated coverage on shares of The Goldman Sachs Group in a report on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price objective for the company. 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. Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,050.55.
Check Out Our Latest Stock Analysis on The Goldman Sachs Group
The Goldman Sachs Group News Roundup
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Exceptional Q3 earnings beat: Goldman reported $17.01 in diluted EPS and $18.68 billion in revenue, surpassing estimates of $12.86 and $16.83 billion, respectively. Net income rose 29% year over year to $5.29 billion, while revenue increased 23%. Wall Street’s earnings split: Goldman’s $18.7 billion blowout quarter—and why JPMorgan and BofA fell short
- Positive Sentiment: Trading and investment banking drove growth: Equities revenue surged 72% to $6.44 billion, and investment-banking fees climbed 21% as underwriting and deal activity improved. The results made Goldman one of the strongest performers among major banks reporting this quarter. Goldman Q3 Earnings Beat on Strong Equities & IB Revenues
- Positive Sentiment: Capital returns and business breadth remain supportive: Goldman declared a $5 quarterly dividend and returned $4.49 billion to common shareholders, including $3 billion of repurchases. Management also highlighted record wealth-management assets and a diversified business model. Goldman Sachs Q3 Revenue Rises 23% as Diluted EPS Reaches $17.01
- Neutral Sentiment: Management remains constructive but cautious: CEO David Solomon described the market environment as favorable and said the underlying economy remains strong, while warning that abrupt interest-rate moves could create headwinds. Goldman also cited AI infrastructure financing opportunities alongside higher AI-related costs and rate risks. Goldman CEO David Solomon Warns Rate Headwinds
- Negative Sentiment: Analyst target cuts and macro pressure are limiting enthusiasm: Citigroup lowered its target to $1,000 and RBC cut its target to $1,010, both adopting neutral or sector-perform ratings. Hotter inflation data and concerns about elevated rates and late-cycle risks have weighed on the stock despite the earnings beat. These Analysts Lower Their Forecasts on Goldman Sachs After Q3 Results
The Goldman Sachs Group Profile
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.
Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.
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