The Goldman Sachs Group, Inc. $GS Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,599 shares of the investment management company’s stock after selling 741 shares during the period. VestGen Advisors LLC’s holdings in The Goldman Sachs Group were worth $5,041,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in The Goldman Sachs Group during the 2nd quarter valued at about $24,172,123,000. Bank of America Corp DE bought a new position in The Goldman Sachs Group during the 2nd quarter valued at $6,756,772,000. Orange County Employees Retirement System bought a new position in The Goldman Sachs Group during the 2nd quarter valued at $69,537,544,000. Bank of New York Mellon Corp acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at $2,024,921,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on GS shares. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a research note on Friday, September 25th. UBS Group set a $942.00 price target on shares of The Goldman Sachs Group in a research report on Monday. TD Cowen initiated coverage on shares of The Goldman Sachs Group in a report on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price target for the company. Freedom Broker upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and reduced their price objective for the company from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. Finally, Bank of America increased their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,049.52.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the sale, the insider owned 10,710 shares in the company, valued at $9,534,577.50. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Solomon sold 12,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their position. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.6%

Shares of The Goldman Sachs Group stock opened at $926.23 on Thursday. The stock has a 50-day moving average price of $951.75 and a 200 day moving average price of $958.39. The company has a market cap of $269.69 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.83 and a beta of 1.29. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The Goldman Sachs Group, Inc. has a 1 year low of $754.00 and a 1 year high of $1,153.99.

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 for the quarter, beating the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.25 EPS. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed 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 of this dividend 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 payout ratio is presently 28.76%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: An analyst upgrade helped support GS shares. Goldman’s recent earnings showed substantial upside versus estimates, with earnings per share of $17.01 versus a $12.86 consensus and revenue growth of 23% year over year. Goldman Sachs Shares Climb on Analyst Upgrade
• Positive Sentiment: Goldman Sachs and Morgan Stanley are reportedly positioned to lead a planned Anthropic initial public offering. The mandate could generate underwriting and advisory fees while strengthening Goldman’s role in AI-related capital markets. Cramer Says Anthropic’s IPO Makes Goldman Sachs a Buy
• Positive Sentiment: Goldman ranked first by value among consumer M&A advisers in the first three quarters, advising on 10 transactions worth $57.14 billion. Continued deal activity could benefit its investment-banking revenue. Goldman Sachs Leads Consumer M&A Advisers
• Positive Sentiment: Goldman is using EquiLend’s distributed-ledger platform for securities finance, potentially improving operational efficiency and reducing reconciliation costs. The near-term earnings impact is likely limited, but the move supports longer-term modernization. EquiLend’s 1Source Adds Goldman Sachs
• Neutral Sentiment: Goldman’s research on AI’s effect on employment and its warnings about CoreWeave’s potentially approaching $100 billion of debt highlight both the commercial opportunity and financial risks surrounding the AI investment cycle. Goldman Sachs on CoreWeave Debt
• Negative Sentiment: CEO David Solomon sold 12,000 shares for approximately $10.9 million, reducing his direct holdings by 7.01%. The sale may weigh modestly on sentiment, although it does not by itself indicate deteriorating fundamentals. SEC Filing for David Solomon Share Sale

The Goldman Sachs Group Profile

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.