The Goldman Sachs Group, Inc. $GS Position Lowered by Cacti Asset Management LLC

Cacti Asset Management LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,728 shares of the investment management company’s stock after selling 968 shares during the quarter. The Goldman Sachs Group makes up about 10.3% of Cacti Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. Cacti Asset Management LLC owned approximately 0.07% of The Goldman Sachs Group worth $187,580,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cim Investment Management Inc. purchased a new stake in The Goldman Sachs Group in the second quarter valued at $1,781,000. QRG Capital Management Inc. increased its position in shares of The Goldman Sachs Group by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 73,537 shares of the investment management company’s stock worth $74,373,000 after purchasing an additional 8,560 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in The Goldman Sachs Group by 14.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock valued at $17,606,000 after buying an additional 2,230 shares during the period. Envestnet Asset Management Inc. raised its holdings in The Goldman Sachs Group by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 292,463 shares of the investment management company’s stock valued at $295,784,000 after buying an additional 2,221 shares during the period. Finally, Andra AP fonden lifted its position in The Goldman Sachs Group by 0.5% in the second quarter. Andra AP fonden now owns 34,757 shares of the investment management company’s stock valued at $35,152,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs increased its quarterly dividend for the second time this year. The move reflects strong earnings and capital levels, although investors will look for evidence that the earnings surge can support further increases. Goldman Sachs Boosted Its Dividend Again: What Comes Next?
• Positive Sentiment: Redemptions at Goldman Sachs Private Credit Corp. fell to about 2% of shares outstanding in the third quarter, below its 5% repurchase limit and marking a third consecutive quarter without breaching the threshold. This suggests comparatively resilient investor confidence in its private-credit platform. Goldman Sachs private credit BDC redemptions come in below 5% again in Q3
• Positive Sentiment: The Federal Reserve’s proposed stress-test changes could reduce swings in banks’ capital requirements and improve planning visibility for institutions including GS. A more predictable capital framework could support dividends, buybacks and lending. Fed Revamps Bank Stress Tests: What Does it Mean for U.S. Banks?
• Positive Sentiment: Goldman is committing up to £500 million to UK specialist lender Quantum Development Finance, potentially taking total exposure to £700 million. The facility expands lending to smaller housebuilders and could create additional financing revenue, though it also increases credit exposure. Goldman commits £500m to SME housebuilding lender Quantum
• Neutral Sentiment: Goldman’s economists moved their forecast for the next Federal Reserve rate hike from October to December after softer inflation data. The outlook may affect trading, investment-banking and lending conditions, but the direct effect on GS is mixed. Goldman Sachs pushes Fed rate hike forecast to December
• Neutral Sentiment: Goldman’s board has reportedly discussed COO John Waldron as David Solomon’s eventual successor, potentially in 2027 or 2028. Analysts view Waldron as a continuity candidate, but uncertainty over timing and retaining senior executives could weigh on sentiment. Goldman Sachs CEO succession planning faces one big problem
• Negative Sentiment: Recent weakness appears tied partly to concerns about whether Goldman’s record earnings and elevated returns can persist, particularly as its balance sheet expands and investors assess future capital needs. Leadership-transition headlines may add to near-term uncertainty despite management defending Solomon’s record. Why did Goldman Sachs stock drop from its peak despite record earnings?

The Goldman Sachs Group Stock Down 0.6%

The Goldman Sachs Group stock traded down $5.45 during mid-day trading on Thursday, reaching $894.91. 1,089,418 shares of the company’s stock were exchanged, compared to its average volume of 2,200,270. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a twelve month low of $740.01 and a twelve month high of $1,153.99. The company has a market cap of $260.57 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.92 and a beta of 1.29. The company has a fifty day moving average of $1,010.01 and a 200-day moving average of $984.02.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.91 earnings per share. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 69.64 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were issued a dividend of $5.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date was Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 30.87%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GS. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Barclays boosted their target price 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. BMO Capital Markets upped their price target on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,073.60.

About The Goldman Sachs Group

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.