Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,356 shares of the investment management company’s stock after purchasing an additional 1,000 shares during the period. The Goldman Sachs Group makes up 1.3% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 10th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Goldman Sachs Group were worth $32,128,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Hancock Whitney Corp increased its stake in The Goldman Sachs Group by 2.4% during the 3rd quarter. Hancock Whitney Corp now owns 11,339 shares of the investment management company’s stock worth $9,030,000 after purchasing an additional 269 shares in the last quarter. KDT Advisors LLC lifted its stake in The Goldman Sachs Group by 6.3% in the third quarter. KDT Advisors LLC now owns 1,210 shares of the investment management company’s stock valued at $964,000 after buying an additional 72 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its stake in The Goldman Sachs Group by 1.6% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,900 shares of the investment management company’s stock valued at $1,513,000 after buying an additional 30 shares in the last quarter. Harvest Investment Services LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $272,000. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of The Goldman Sachs Group by 6.4% in the third quarter. Kestra Private Wealth Services LLC now owns 29,647 shares of the investment management company’s stock valued at $23,610,000 after buying an additional 1,785 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on GS shares. Rothschild & Co Redburn raised their price objective on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Autonomous Res reduced their target price on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. HSBC increased their target price on The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. Barclays lifted their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $919.29.
The Goldman Sachs Group Stock Performance
Shares of GS opened at $807.28 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The firm has a fifty day simple moving average of $904.79 and a 200 day simple moving average of $845.08. The stock has a market capitalization of $239.56 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.97 and a beta of 1.34. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter last year, the firm earned $11.95 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is 35.09%.
Insiders Place Their Bets
In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,092 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares of the company’s stock, valued at approximately $117,859,810.84. This represents a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 117,283 shares of company stock valued at $112,016,033 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.
The Goldman Sachs Group News Summary
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman doubled down on a very bullish S&P 500 call (S&P 7,600 by end-2026), reinforcing its role as a market-leading research shop and supporting potential advisory/trading flows if the call gains investor traction. Goldman Sachs doubles down on bold S&P 500 forecast
- Positive Sentiment: Goldman Sachs Asset Management is targeting a $13B raise for a junior-debt fund, signaling fee-income growth in AM that can help diversify revenue away from cyclical IB trading. Goldman Sachs AM Targets $13 Billion
- Positive Sentiment: Goldman is among banks advising Reliance on the Jio IPO — a large potential mandate that could generate significant underwriting and advisory fees if the deal proceeds. Reliance said to work with six banks for Jio’s upcoming IPO
- Positive Sentiment: Goldman’s research is promoting energy picks with double-digit upside and dividends — favorable for trading commissions and asset-management inflows into energy strategies amid the oil shock. Goldman Sachs Top Energy Picks
- Neutral Sentiment: GS is aggressively expanding private credit (targeting a ~$300B portfolio by 2029) — a major growth opportunity for fee and interest income but one that increases balance-sheet credit exposure. Goldman’s Expansion in Private Credit
- Neutral Sentiment: Nomura hired ex-Goldman Connolly to boost derivatives sales — a modest talent loss but not material to Goldman’s overall scale; watch for any compounding talent departures. Nomura Hires Ex-Goldman’s Connolly
- Negative Sentiment: Goldman reports and market data show hedge funds are aggressively shorting financials — a headwind for GS equity performance and sentiment in the near term. Hedge funds ‘aggressively’ short financial stocks
- Negative Sentiment: An ex-Goldman CEO warned about private-credit risks possibly becoming the next financial stress point — a reputational and risk-management flag given GS’s private-credit build-out. Ex-Goldman CEO Sounds Alarm on Private Credit
- Negative Sentiment: Goldman’s own research warns the Middle East shock is concentrating pain in refined fuels (diesel, jet fuel) and rising fuel-oil prices and crack spreads lift inflation/PCE forecasts — macro pressure that can hurt risk assets and trading volatility patterns. Diesel Above $5 For The First Time Since 2022 Global Fuel Oil Prices Surge
About The Goldman Sachs Group
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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