Focused Alpha LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 69.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 665 shares of the investment management company’s stock after selling 1,481 shares during the quarter. Focused Alpha LLC’s holdings in The Goldman Sachs Group were worth $599,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GS. Strive Financial Group LLC raised its position in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its position in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $25,000. Cherry Tree Wealth Management LLC grew its stake 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 purchasing an additional 15 shares during the period. Finally, Steph & Co. bought a new stake in The Goldman Sachs Group in the first quarter valued at about $27,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have issued reports on GS. Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Barclays increased their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Finally, Keefe, Bruyette & Woods decreased their price objective 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 report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,050.32.
View Our Latest Research Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Down 0.7%
Shares of GS stock opened at $875.00 on Tuesday. 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, Inc. has a 1 year low of $743.11 and a 1 year high of $1,153.99. The firm’s fifty day moving average price is $971.59 and its two-hundred day moving average price is $990.83. The firm has a market capitalization of $254.77 billion, a P/E ratio of 12.58, a PEG ratio of 0.85 and a beta of 1.29.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter in the prior year, the firm posted $12.25 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 69.57 EPS for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is 28.76%.
The Goldman Sachs Group News Summary
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs is expanding its tokenization efforts across trading, payments and wealth management. Investors may view the initiative as a potential long-term source of fee revenue and improved financial-market infrastructure. Could Goldman Sachs Tokenization Push Reshape Its Future Business Mix?
- Positive Sentiment: Goldman and Evercore are exploring evergreen private-equity funds that could allow firms to hold assets for 10 to 15 years or longer. Such structures could create additional asset-management and advisory opportunities for GS. Goldman, Evercore Explore Funds That Would Let PE Firms Hold Assets for 15 Years
- Positive Sentiment: Recent commentary characterizes GS as undervalued, while Goldman’s strategists continue to expect a year-end rally in the S&P 500. Those views could support confidence in the firm’s valuation and capital-markets outlook. Goldman Sachs is still betting on a nice year-end rally for the S&P 500
- Neutral Sentiment: Goldman Sachs upgraded CoreWeave to Buy despite lowering its price target, highlighting the bank’s research influence and exposure to AI-related financing activity. The call primarily affects CoreWeave rather than GS’s earnings directly. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls
- Negative Sentiment: BMO Capital Markets lowered its GS price target to $950 from $970 and maintained a Market Perform rating. Although the revised target still implies upside from the reported $875 reference price, the reduction signals more limited near-term conviction. Goldman Sachs price target lowered to $950 from $970 at BMO Capital
- Negative Sentiment: Goldman expects an already weak housing market to deteriorate further, with mortgage rates above 7% and housing activity largely stagnant. Prolonged weakness could restrain mortgage, consumer-finance and broader economic activity. It’s a rough housing market, and Goldman Sachs expects it to get worse
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.
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