Nisa Investment Advisors LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 13.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 94,367 shares of the investment management company’s stock after buying an additional 11,163 shares during the period. Nisa Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $84,964,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. purchased a new position in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. Strive Financial Group LLC boosted its holdings in shares of The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its holdings in shares of The Goldman Sachs Group by 188.9% during the second 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. Steph & Co. purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at $27,000. Finally, Cherry Tree Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 100.0% in the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
The Goldman Sachs Group Stock Up 1.0%
Shares of The Goldman Sachs Group stock opened at $884.42 on Wednesday. The company has a fifty day moving average price of $968.62 and a 200 day moving average price of $991.00. 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 twelve month low of $743.11 and a twelve month high of $1,153.99. The stock has a market cap of $257.52 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (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 firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the prior year, the firm earned $12.25 EPS. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 70.26 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a $5.00 dividend. 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 is presently 28.76%.
Analysts Set New Price Targets
Several research firms recently commented on GS. UBS Group dropped their target price on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Wells Fargo & Company lowered their price target on 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. Finally, Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. 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 issued a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $1,050.32.
Read Our Latest Stock Report on The Goldman Sachs Group
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, an actively managed and options-based ETF provider with approximately $30 billion in assets. The transaction could cost up to $2.25 billion and is viewed as a strategically attractive way for Goldman to expand its asset-management platform and diversify revenue toward fee-based businesses. Goldman Sachs NEOS Investments acquisition
- Positive Sentiment: Goldman is broadening its private-markets capabilities by exploring “evergreen” funds that would allow private-equity firms to hold assets for 10 to 15 years or longer. Such products could create additional advisory, financing and asset-management fees for GS. Goldman and Evercore evergreen funds
- Positive Sentiment: The bank continues to position tokenization as a growth opportunity across trading, payments and wealth management, potentially improving Goldman’s long-term technology and digital-asset revenue mix. Goldman Sachs tokenization strategy
- Neutral Sentiment: Goldman’s prime-brokerage data showed hedge funds reduced technology exposure at the fastest pace in at least a decade. The report may benefit GS’s trading and client-activity revenue, but it also highlights risk appetite and valuation concerns across markets. Hedge funds cut technology stocks
- Neutral Sentiment: Goldman still expects a potential year-end S&P 500 rally, which could support investment-banking, trading and asset-management activity, although the outlook remains vulnerable to technology-sector volatility. Goldman Sachs year-end market outlook
- Negative Sentiment: BMO Capital Markets lowered its GS price target to $950 from $970 and maintained a “Market Perform” rating, signaling limited near-term upside despite the stock’s valuation and strong latest earnings. BMO lowers Goldman Sachs price target
- Negative Sentiment: Goldman economists expect the U.S. housing market to remain weak through 2027 as mortgage rates above 7% suppress transactions and new construction. Prolonged housing weakness could weigh on consumer activity and related investment-banking businesses. Goldman Sachs housing market outlook
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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