Paradigm Asset Management Co. LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 18.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,100 shares of the investment management company’s stock after selling 902 shares during the period. The Goldman Sachs Group accounts for approximately 0.9% of Paradigm Asset Management Co. LLC’s investment portfolio, making the stock its 26th largest position. Paradigm Asset Management Co. LLC’s holdings in The Goldman Sachs Group were worth $3,691,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in The Goldman Sachs Group in the second quarter valued at approximately $53,720,000. IPG Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 21.3% during the second quarter. IPG Investment Advisors LLC now owns 7,250 shares of the investment management company’s stock worth $7,332,000 after purchasing an additional 1,272 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of The Goldman Sachs Group by 14.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after buying an additional 2,230 shares during the period. Sax Wealth Advisors LLC grew its stake in shares of The Goldman Sachs Group by 148.7% in the second quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company’s stock valued at $3,569,000 after buying an additional 2,110 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of The Goldman Sachs Group by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,699 shares of the investment management company’s stock valued at $98,810,000 after buying an additional 4,811 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.
Top The Goldman Sachs Group Stories
These are some of the GS stories that stood out recently:
- Positive Sentiment: Goldman raised its dividend by 11% and continues substantial share repurchases, a supportive signal for shareholder returns backed by its liquidity position. Article: GS’ Capital Distribution Strategy
- Positive Sentiment: CEO David Solomon cited strong demand for AI infrastructure financing, and Goldman is involved in the planned Anthropic IPO. Financing and underwriting activity could create opportunities for the firm. Article: Goldman Sachs Sees Strong Demand for AI Infrastructure Financing
- Positive Sentiment: Goldman is joining other lenders in a reported $150 million private-credit deal for a Saudi company, adding to its financing activity. Article: Goldman, HSBC, Fortress Make Rare $150 Million Saudi Credit Bet
Analyst Upgrades and Downgrades
GS has been the topic of several research analyst reports. Citigroup reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. Freedom Broker upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and lowered their target price for the company from $1,200.00 to $1,100.00 in a report on Friday, October 23rd. HSBC raised their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Loop Capital set a $1,050.00 price target on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $1,052.04.
Check Out Our Latest Research Report on The Goldman Sachs Group
Insiders Place Their Bets
In other news, insider Ericka T. Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the transaction, the insider owned 10,710 shares in the company, valued at approximately $9,534,577.50. This trade represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,500 shares of company stock valued at $11,380,508. 0.55% of the stock is currently owned by company insiders.
The Goldman Sachs Group Stock Performance
Shares of GS stock opened at $927.11 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.20. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The stock has a market capitalization of $267.41 billion, a PE ratio of 13.33, a P/E/G ratio of 0.85 and a beta of 1.29. The firm has a 50 day moving average of $926.09 and a two-hundred day moving average of $956.18.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same quarter in the prior year, the company earned $12.25 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 71.49 EPS 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. Investors of record on Wednesday, December 2nd will be issued 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 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.
The Goldman Sachs Group Profile
The Goldman Sachs Group, Inc. is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.
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