BDF Gestion lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 31.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,308 shares of the investment management company’s stock after selling 2,012 shares during the quarter. BDF Gestion’s holdings in The Goldman Sachs Group were worth $3,879,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of GS. Orange County Employees Retirement System purchased a new stake in The Goldman Sachs Group during the second quarter worth $69,537,544,000. BlackRock Inc. purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $24,172,123,000. Bank of America Corp DE bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $6,756,772,000. Bank of New York Mellon Corp bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $2,560,028,000. Finally, International Assets Investment Management LLC bought a new position in shares of The Goldman Sachs Group in the 1st quarter worth $2,024,921,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on GS. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Wells Fargo & Company reduced their target price on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a report on Friday, September 25th. HSBC increased their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the company a “neutral” rating in a report on Friday. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,051.23.
Get Our Latest Stock Analysis on The Goldman Sachs Group
The Goldman Sachs Group Stock Down 0.3%
NYSE:GS traded down $2.43 during mid-day trading on Monday, hitting $878.83. 989,809 shares of the company’s stock traded hands, compared to its average volume of 2,215,550. The company has a fifty day moving average of $974.71 and a 200 day moving average of $990.62. The Goldman Sachs Group, Inc. has a twelve month low of $743.11 and a twelve month high of $1,153.99. The company has a market capitalization of $255.89 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.85 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The firm’s revenue 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. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 69.57 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. The ex-dividend date 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 is 28.76%.
Key Stories Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs upgraded AI infrastructure provider CoreWeave to Buy from Neutral. Although the bank reduced its price target to $106 from $139, the upgrade signals confidence that project financing will remain available despite elevated borrowing costs and could support Goldman’s research reputation and client activity. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls to $106 From $139
- Positive Sentiment: Dangote Cement appointed Goldman Sachs and UBS for a planned $1 billion London listing. The mandate could generate underwriting and advisory fees while reinforcing Goldman’s position in international equity capital markets. Dangote Cement Adds Goldman Sachs and UBS for Planned $1bn London Listing
- Positive Sentiment: Goldman Sachs CEO David Solomon highlighted tokenization of bonds, money-market funds and real estate as a potential new revenue stream. Progress in digital-asset infrastructure could provide longer-term growth opportunities beyond traditional banking. Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
- Positive Sentiment: JPMorgan reportedly raised its price target for GS, providing an additional favorable signal from the analyst community. The Goldman Sachs Group Stock Gets Price Target Boost from JPMorgan Chase
- Neutral Sentiment: Goldman recommended several unloved consumer-facing stocks over large technology companies, reflecting a broader market-allocation view rather than a direct change to GS’s earnings outlook. Big Tech Is Wobbling: Goldman Sachs Says It’s Time to Buy These 23 Unloved Stocks Instead
- Negative Sentiment: Goldman’s caution that Micron may lag other memory-chip stocks could weigh modestly on perceptions of its technology-sector outlook, although the commentary has no direct material impact on GS’s financial results. Memory Stocks Rally as Tech Selloff Unwinds
The Goldman Sachs Group Profile
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.
Recommended Stories
- Five stocks we like better than The Goldman Sachs Group
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
- Insider Buying Is Rising at These 3 Regional Banks, But the Details Matter
- Illinois Tool Works Faces Headwinds—2 Alternatives Stand Out
- Luxury’s Middle Market Is Cracking—These 3 Stocks Could Win
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.
