The Goldman Sachs Group, Inc. $GS Shares Newly Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,974 shares of the investment management company’s stock, valued at approximately $4,460,000.

Other large investors also recently modified their holdings of the company. Liberty Capital Management Inc. increased its position in shares of The Goldman Sachs Group by 2.5% during the third quarter. Liberty Capital Management Inc. now owns 1,655 shares of the investment management company’s stock worth $1,490,000 after acquiring an additional 40 shares in the last quarter. Alta Advisers Ltd raised its holdings in shares of The Goldman Sachs Group by 85.9% during the third quarter. Alta Advisers Ltd now owns 2,115 shares of the investment management company’s stock worth $1,904,000 after acquiring an additional 977 shares during the period. Legacy Financial Independent Advisors LLC lifted its position in The Goldman Sachs Group by 735.6% in the 3rd quarter. Legacy Financial Independent Advisors LLC now owns 3,075 shares of the investment management company’s stock valued at $2,769,000 after acquiring an additional 2,707 shares in the last quarter. Kestra Advisory Services LLC lifted its position in The Goldman Sachs Group by 4.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 87,803 shares of the investment management company’s stock valued at $79,054,000 after acquiring an additional 4,107 shares in the last quarter. Finally, Claro Advisors Inc. boosted its stake in The Goldman Sachs Group by 66.7% in the 3rd quarter. Claro Advisors Inc. now owns 935 shares of the investment management company’s stock worth $842,000 after purchasing an additional 374 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO David M. Solomon sold 12,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 159,180 shares in the company, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ericka T. Leslie sold 250 shares of the company’s 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 sale, the insider owned 10,710 shares in the company, valued at $9,534,577.50. The trade was a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,500 shares of company stock valued at $11,380,508 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on GS shares. Weiss Ratings cut The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. BMO Capital Markets cut their price target on The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Freedom Broker upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $1,200.00 to $1,100.00 in a report on Friday, October 23rd. Finally, HSBC lifted their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,052.04.

Get Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance

Shares of GS opened at $865.88 on Friday. The stock has a market capitalization of $249.75 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.81 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99. The firm has a fifty day simple moving average of $932.40 and a 200 day simple moving average of $956.58. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued 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 net margin of 15.77% and a return on equity of 20.21%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same period in the previous year, the business earned $12.25 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 28.76%.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

  • Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
  • Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
  • Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
  • Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

About The Goldman Sachs Group

(Free Report)

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.

Goldman Sachs also provides consumer financial products and digital financial services.

Recommended Stories

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.