The Goldman Sachs Group, Inc. $GS Shares Sold by Formuepleje A S

Formuepleje A S cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,791 shares of the investment management company’s stock after selling 2,776 shares during the quarter. The Goldman Sachs Group comprises approximately 1.9% of Formuepleje A S’s holdings, making the stock its 16th largest position. Formuepleje A S’s holdings in The Goldman Sachs Group were worth $22,321,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $25,000. Strive Financial Group LLC raised its stake in shares of The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after acquiring an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. lifted 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 worth $26,000 after purchasing an additional 17 shares during the last quarter. Steph & Co. acquired a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Q3 results were substantially above expectations. Goldman reported $17.01 in earnings per share on $18.68 billion of revenue, exceeding estimates of $12.86 and $16.83 billion, respectively. Revenue rose 23% year over year, supported by a 72% increase in equities revenue, a 21% rise in investment-banking fees and strong financing activity. Wall Street’s earnings split
• Positive Sentiment: Capital returns and recurring businesses remain supportive. The company declared a $5 quarterly dividend, or $20 annualized, while wealth-management assets reached a record $2.1 trillion. These results reinforce Goldman’s efforts to build a broader and more durable business. Goldman wealth-management assets
• Neutral Sentiment: CEO David Solomon said dealmaking and capital-markets activity remain strong and described the underlying economy as resilient. Goldman also continues expanding alternatives and private-market transactions, including a recapitalization of an Atlanta industrial portfolio. Goldman CEO on rates and the economy
• Negative Sentiment: Rate and inflation concerns are overshadowing the earnings beat. Solomon warned that abrupt interest-rate moves could create headwinds, while hotter inflation data pressured financial stocks and reduced expectations for an easy macroeconomic backdrop.
• Negative Sentiment: Analysts trimmed targets after the report. Citi lowered its target to $1,000 and RBC cut its target to $1,010, both maintaining neutral or sector-perform views. Morgan Stanley kept a Hold rating, citing late-cycle risks. Investors may therefore view much of Goldman’s strong performance as already reflected in the stock. Analyst target reductions

Analysts Set New Price Targets

Several brokerages have commented on GS. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. Royal Bank Of Canada reduced their price objective 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 research note on Wednesday. UBS Group decreased their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Finally, Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,050.55.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $3.07 during trading hours on Thursday, hitting $881.79. 1,253,037 shares of the company’s stock were exchanged, compared to its average volume of 2,214,510. The company’s 50-day moving average price is $980.74 and its 200-day moving average price is $989.49. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The stock has a market capitalization of $256.75 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.98 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The firm 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 19.55% and a net margin of 15.77%. The company’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $12.25 EPS. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 67.48 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 28.76%.

The Goldman Sachs Group Company 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.