The Goldman Sachs Group, Inc. $GS Shares Newly Bought by MFG Investments LLC

MFG Investments LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 767 shares of the investment management company’s stock, valued at approximately $690,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sky Investment Group LLC increased its position in shares of The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after acquiring an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after acquiring an additional 10 shares during the period. Meadow Creek Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock valued at $569,000 after acquiring an additional 11 shares in the last quarter. DecisionMap Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 3.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock valued at $354,000 after acquiring an additional 11 shares in the last quarter. Finally, Millstone Evans Group LLC boosted its stake in The Goldman Sachs Group by 3.7% in the 1st quarter. Millstone Evans Group LLC now owns 337 shares of the investment management company’s stock worth $285,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, October 16th. 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 report on Friday, September 25th. Royal Bank Of Canada decreased their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 14th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $1,052.04.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $894.43 on Wednesday. The company’s 50 day moving average price is $941.95 and its 200 day moving average price is $957.66. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The company has a market capitalization of $260.43 billion, a PE ratio of 12.86, a PEG ratio of 0.85 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10.

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 (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 the consensus estimate of $16.83 billion. During the same quarter in the prior year, the firm earned $12.25 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. Research 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 declared 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 of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio is 28.76%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 100 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the transaction, the insider owned 10,460 shares in the company, valued at $9,688,888.80. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David M. Solomon sold 12,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the transaction, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This trade represents a 7.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $11,380,508. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group News Roundup

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

• Neutral Sentiment: Goldman is reportedly in talks to acquire a controlling stake in a South Korean mobility app. The discussions could support expansion into a new business, but terms and the likelihood of a deal have not been disclosed. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Negative Sentiment: UBS lowered its price target on GS from $1,010 to $1,000 and maintained a Neutral rating, a modestly cautious signal from an analyst. Article: UBS Group price target update
• Negative Sentiment: The SPDR Dow Jones Industrial Average ETF reportedly sold its GS holding on Oct. 30 as it reduced all 30 positions. The sale may add some flow pressure, though it appears part of a broad portfolio reduction rather than a company-specific move. Article: SPDR Dow Jones Industrial Average ETF Sells Goldman Sachs
• Negative Sentiment: Goldman is restricting access to some AI coding tools largely to engineers and quantitative specialists, reversing broader employee access. The move reflects risk controls, but could temper expectations for productivity gains from widespread employee use of AI tools. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

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.