The Goldman Sachs Group, Inc. $GS Stock: RWQ Financial Management Services Inc. Reduces Position

RWQ Financial Management Services Inc. reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 31.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,840 shares of the investment management company’s stock after selling 2,245 shares during the period. The Goldman Sachs Group makes up 2.4% of RWQ Financial Management Services Inc.’s holdings, making the stock its 20th largest position. RWQ Financial Management Services Inc.’s holdings in The Goldman Sachs Group were worth $4,358,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. acquired a new stake in The Goldman Sachs Group in the first quarter worth about $25,000. Strive Financial Group LLC increased 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 valued at $25,000 after acquiring an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. increased its holdings in shares of The Goldman Sachs Group by 188.9% during the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 17 shares in the last quarter. Steph & Co. acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $27,000. Finally, Cherry Tree Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 100.0% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 15 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Rothschild & Co Redburn lifted their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets cut their price target on shares of The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. UBS Group decreased their price target 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, Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $1,051.23.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs upgraded AI infrastructure provider CoreWeave to Buy from Neutral. Although the bank reduced its price target to $106 from $139, the upgrade signals confidence that project financing will remain available despite elevated borrowing costs and could support Goldman’s research reputation and client activity. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls to $106 From $139
• Positive Sentiment: Dangote Cement appointed Goldman Sachs and UBS for a planned $1 billion London listing. The mandate could generate underwriting and advisory fees while reinforcing Goldman’s position in international equity capital markets. Dangote Cement Adds Goldman Sachs and UBS for Planned $1bn London Listing
• Positive Sentiment: Goldman Sachs CEO David Solomon highlighted tokenization of bonds, money-market funds and real estate as a potential new revenue stream. Progress in digital-asset infrastructure could provide longer-term growth opportunities beyond traditional banking. Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
• Positive Sentiment: JPMorgan reportedly raised its price target for GS, providing an additional favorable signal from the analyst community. The Goldman Sachs Group Stock Gets Price Target Boost from JPMorgan Chase
• Neutral Sentiment: Goldman recommended several unloved consumer-facing stocks over large technology companies, reflecting a broader market-allocation view rather than a direct change to GS’s earnings outlook. Big Tech Is Wobbling: Goldman Sachs Says It’s Time to Buy These 23 Unloved Stocks Instead
• Negative Sentiment: Goldman’s caution that Micron may lag other memory-chip stocks could weigh modestly on perceptions of its technology-sector outlook, although the commentary has no direct material impact on GS’s financial results. Memory Stocks Rally as Tech Selloff Unwinds

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $4.39 during midday trading on Monday, hitting $876.87. The company’s stock had a trading volume of 1,130,686 shares, compared to its average volume of 2,216,984. The Goldman Sachs Group, Inc. has a fifty-two week low of $743.11 and a fifty-two week high of $1,153.99. The firm’s 50 day moving average is $974.71 and its 200-day moving average is $990.62. 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 firm has a market cap of $255.32 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The company had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. During the same period last year, the firm posted $12.25 EPS. The Goldman Sachs Group’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 69.57 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 paid a $5.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is presently 28.76%.

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.