The Goldman Sachs Group, Inc. $GS Position Trimmed by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% in the third quarter, HoldingsChannel.com reports. The firm owned 10,316 shares of the investment management company’s stock after selling 656 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $9,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Wealth Advisors LLC lifted its position in The Goldman Sachs Group by 4.1% in the third quarter. Eagle Wealth Advisors LLC now owns 580 shares of the investment management company’s stock valued at $522,000 after acquiring an additional 23 shares during the last quarter. Jeppson Wealth Management LLC acquired a new position in The Goldman Sachs Group in the third quarter valued at $211,000. Bank of Stockton boosted its stake in The Goldman Sachs Group by 1.6% in the third quarter. Bank of Stockton now owns 2,125 shares of the investment management company’s stock valued at $1,913,000 after acquiring an additional 33 shares in the last quarter. Investment Research Partners LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter worth about $289,000. Finally, Smithbridge Asset Management Inc. DE grew its holdings in shares of The Goldman Sachs Group by 1.0% during the third quarter. Smithbridge Asset Management Inc. DE now owns 10,722 shares of the investment management company’s stock worth $9,654,000 after purchasing an additional 109 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.0%

GS stock opened at $884.42 on Wednesday. The company has a fifty day moving average price of $968.62 and a 200 day moving average price of $991.00. The Goldman Sachs Group, Inc. has a 12 month low of $743.11 and a 12 month high of $1,153.99. The company has a market cap of $257.52 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.83 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 issued its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 70.26 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis 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 presently 28.76%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, an actively managed and options-based ETF provider with approximately $30 billion in assets. The transaction could cost up to $2.25 billion and is viewed as a strategically attractive way for Goldman to expand its asset-management platform and diversify revenue toward fee-based businesses. Goldman Sachs NEOS Investments acquisition
• Positive Sentiment: Goldman is broadening its private-markets capabilities by exploring “evergreen” funds that would allow private-equity firms to hold assets for 10 to 15 years or longer. Such products could create additional advisory, financing and asset-management fees for GS. Goldman and Evercore evergreen funds
• Positive Sentiment: The bank continues to position tokenization as a growth opportunity across trading, payments and wealth management, potentially improving Goldman’s long-term technology and digital-asset revenue mix. Goldman Sachs tokenization strategy
• Neutral Sentiment: Goldman’s prime-brokerage data showed hedge funds reduced technology exposure at the fastest pace in at least a decade. The report may benefit GS’s trading and client-activity revenue, but it also highlights risk appetite and valuation concerns across markets. Hedge funds cut technology stocks
• Neutral Sentiment: Goldman still expects a potential year-end S&P 500 rally, which could support investment-banking, trading and asset-management activity, although the outlook remains vulnerable to technology-sector volatility. Goldman Sachs year-end market outlook
• Negative Sentiment: BMO Capital Markets lowered its GS price target to $950 from $970 and maintained a “Market Perform” rating, signaling limited near-term upside despite the stock’s valuation and strong latest earnings. BMO lowers Goldman Sachs price target
• Negative Sentiment: Goldman economists expect the U.S. housing market to remain weak through 2027 as mortgage rates above 7% suppress transactions and new construction. Prolonged housing weakness could weigh on consumer activity and related investment-banking businesses. Goldman Sachs housing market outlook

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada cut their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 14th. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods decreased their target price on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating for the company in a research report on Wednesday, October 14th. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a research note on Wednesday, July 15th. Finally, Rothschild & Co Redburn lifted their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,050.32.

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.