The Goldman Sachs Group, Inc. (NYSE:GS – Get Free Report)’s share price was down 1.7% during mid-day trading on Friday. The stock traded as low as $870.82 and last traded at $876.0650. Approximately 1,775,576 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 2,220,066 shares. The stock had previously closed at $891.30.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs reported exceptionally strong third-quarter results, with earnings of $17.01 per share and revenue of $18.68 billion, both well above analyst expectations. Equities revenue surged 72% year over year to $6.44 billion, supported by record financing activity, derivatives and strong client demand. Goldman’s Equities Revenues Jump 72% Year over Year in Q3
- Positive Sentiment: Freedom Broker upgraded GS to Buy, while Zacks also raised its rating to a Buy based on improving earnings expectations. These actions reinforce the view that Goldman’s trading and investment-banking momentum could continue. Buy Goldman Sachs Stock, Says Freedom Broker
- Neutral Sentiment: CEO David Solomon outlined an accountability-based framework for artificial-intelligence oversight and said Goldman is prioritizing practical AI applications over frontier models. The initiative may support long-term efficiency and risk management, but its near-term financial impact is unclear. Goldman Sachs CEO Says Individuals Must Be Held Accountable for AI Failures
- Negative Sentiment: Goldman Sachs data shows hedge funds are holding unusually large short positions in global equities. Although this could create squeeze potential, it also signals elevated risk aversion and may contribute to volatility in financial stocks, including GS. Hedge Funds Are Shorting Stocks at Near-Record Levels
- Negative Sentiment: Goldman’s warning about weakening housing conditions and the possibility that AI-driven job displacement could accelerate during a recession adds to concerns about the economic backdrop for dealmaking, lending and asset management.
Wall Street Analysts Forecast Growth
GS has been the topic of several research analyst reports. Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Citigroup reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. Morgan Stanley set a $1,145.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Keefe, Bruyette & Woods lowered their price objective on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 14th. Finally, Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,052.48.
Get Our Latest Stock Analysis on The Goldman Sachs Group
The Goldman Sachs Group Stock Performance
The firm has a 50-day simple moving average of $962.95 and a two-hundred day simple moving average of $991.46. 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 company has a market capitalization of $255.08 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.85 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 business had revenue of $18.68 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $12.25 EPS. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be given a $5.00 dividend. This represents a $20.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 28.76%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of GS. Wealthfront Advisers LLC acquired a new position in The Goldman Sachs Group during the second quarter valued at approximately $53,720,000. Envestnet Portfolio Solutions Inc. raised its position in shares of The Goldman Sachs Group by 14.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock valued at $17,606,000 after purchasing an additional 2,230 shares during the period. Sax Wealth Advisors LLC lifted 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 worth $3,569,000 after buying an additional 2,110 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of The Goldman Sachs Group by 2.9% in the second quarter. Baird Financial Group Inc. now owns 110,233 shares of the investment management company’s stock worth $111,487,000 after buying an additional 3,063 shares during the last quarter. Finally, Liontrust Investment Partners LLP boosted its holdings in shares of The Goldman Sachs Group by 1,007.5% during the 1st quarter. Liontrust Investment Partners LLP now owns 9,602 shares of the investment management company’s stock worth $8,123,000 after buying an additional 8,735 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
The Goldman Sachs Group Company 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.
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