Kelleher Financial Advisors reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 49.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,768 shares of the investment management company’s stock after selling 1,757 shares during the quarter. Kelleher Financial Advisors’ holdings in The Goldman Sachs Group were worth $1,592,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $53,720,000. Envestnet Portfolio Solutions Inc. boosted its stake 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 buying an additional 2,230 shares in the last quarter. Sax Wealth Advisors LLC boosted 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. IPG Investment Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 21.3% in the second quarter. IPG Investment Advisors LLC now owns 7,250 shares of the investment management company’s stock valued at $7,332,000 after buying an additional 1,272 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in The Goldman Sachs Group by 2.9% during the second quarter. Baird Financial Group Inc. now owns 110,233 shares of the investment management company’s stock worth $111,487,000 after acquiring an additional 3,063 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Insider Buying and Selling
In other The Goldman Sachs Group news, CEO David M. Solomon sold 12,000 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at $144,968,409.60. This represents a 7.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ericka T. Leslie sold 100 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the transaction, the insider directly owned 10,460 shares in the company, valued at approximately $9,688,888.80. This represents a 0.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,500 shares of company stock worth $11,380,508. 0.55% of the stock is owned by company insiders.
More The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs and Apollo are reportedly in talks related to selling a $40 billion SpaceX AI deal. If Goldman helps arrange or execute the transaction, it could generate advisory or financing fees. Article: Goldman, Apollo in Talks to Sell SpaceX’s $40 Billion AI Deal
- Positive Sentiment: Goldman is also reported to be in talks to acquire a controlling stake in a South Korean mobility app. A transaction could create investment opportunities, although terms and the outcome were not reported. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
- Neutral Sentiment: Goldman’s strategist said corporate leaders may accelerate plans to expand computing capacity amid uncertainty about future policy. That could support AI-related investment, but the article does not identify a direct or immediate benefit to Goldman’s results. Article: The AI Trade Has Been Sold to Death, but Goldman Strategist Highlights Silver Lining
- Negative Sentiment: Goldman has reportedly limited access to certain AI coding tools to engineers and quantitative specialists after reviewing productivity and risk controls. The move may limit broader employee use of the tools, though the financial impact is unclear. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build
The Goldman Sachs Group Trading Up 3.7%
Shares of The Goldman Sachs Group stock opened at $929.21 on Thursday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.61 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 1 year low of $754.00 and a 1 year high of $1,153.99. The business has a 50 day moving average price of $939.32 and a 200 day moving average price of $957.43. The company has a market capitalization of $268.01 billion, a P/E ratio of 13.36, a P/E/G ratio of 0.84 and a beta of 1.29.
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 EPS for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $12.25 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. 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%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Royal Bank Of Canada cut their price target on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating for the company in a report on Wednesday, October 14th. HSBC raised their price objective on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Finally, Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $1,052.04.
Get Our Latest Stock Report on GS
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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