Canandaigua National Trust Co of Florida Acquires 868 Shares of The Goldman Sachs Group, Inc. $GS

Canandaigua National Trust Co of Florida bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 868 shares of the investment management company’s stock, valued at approximately $782,000.

Other large investors have also recently bought and sold shares of the company. Strive Financial Group LLC grew 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. raised its holdings in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Steph & Co. bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of several analyst reports. Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. HSBC boosted their price objective on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Bank of America lifted their target price on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Barclays upped their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,055.60.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: A recent analysis argues that the selloff has made GS a potential value opportunity. The stock trades below its recent highs, while its prior quarter featured substantially better-than-expected earnings and revenue growth. Goldman Sachs: Selloff Makes Stock A Value Play
• Positive Sentiment: Goldman forecasts a 27% increase in S&P 500 profits, with artificial-intelligence investment supporting corporate earnings. A stronger market and capital-markets environment could benefit Goldman’s trading, underwriting, and advisory businesses. Goldman Sachs forecasts S&P 500 profits
• Neutral Sentiment: BMO and UBS lowered their GS price targets to $970 and $1,010, respectively, while maintaining market-perform or neutral ratings. Both targets still imply upside, but the reductions signal more cautious expectations. BMO cuts Goldman Sachs price target
• Neutral Sentiment: Goldman’s upcoming earnings report is becoming a key catalyst. Analysts expect earnings growth, but one forecast suggests the firm lacks the usual ingredients for a likely earnings beat. Goldman Sachs earnings expectations
• Negative Sentiment: Goldman’s wealth-management business was among the clients affected by an EY data breach. Goldman says its systems were not compromised and client assets remain safe, limiting direct financial risk, but the incident creates reputational and potential regulatory concerns. Goldman Sachs client data exposed in EY data breach
• Negative Sentiment: Citi has overtaken Goldman in global IPO underwriting through September after winning several major listings. Losing the top ranking could raise concerns about GS’s competitive position and future equity-capital-markets fees. Goldman Sachs IPO underwriting ranking
• Negative Sentiment: Chief Executive David Solomon has indicated that Goldman is not ready to raise its 14%–16% through-cycle return-on-equity target. That restraint may reinforce doubts about near-term profitability and limit valuation expansion. Goldman Sachs ROE target

The Goldman Sachs Group Trading Down 1.1%

Shares of GS traded down $9.82 during trading hours on Wednesday, hitting $887.36. 2,389,072 shares of the stock were exchanged, compared to its average volume of 2,204,143. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The business has a 50-day moving average of $997.52 and a 200-day moving average of $986.86. The firm has a market capitalization of $258.37 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.91 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 68.31 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were paid a $5.00 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 30.87%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.