The Goldman Sachs Group, Inc. $GS Stock Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,489 shares of the investment management company’s stock after selling 758 shares during the period. The Goldman Sachs Group comprises approximately 0.3% of Uhlmann Price Securities LLC’s investment portfolio, making the stock its 14th biggest holding. Uhlmann Price Securities LLC’s holdings in The Goldman Sachs Group were worth $4,941,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $53,720,000. IPG Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 21.3% during the second quarter. IPG Investment Advisors LLC now owns 7,250 shares of the investment management company’s stock worth $7,332,000 after purchasing an additional 1,272 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in The Goldman Sachs Group by 14.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after purchasing an additional 2,230 shares during the last quarter. Sax Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 148.7% in the second quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company’s stock valued at $3,569,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in The Goldman Sachs Group by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,699 shares of the investment management company’s stock valued at $98,810,000 after purchasing an additional 4,811 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of several recent analyst reports. Freedom Broker upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and dropped their price target for the company from $1,200.00 to $1,100.00 in a research note on Friday, October 23rd. Royal Bank Of Canada reduced their price objective on shares of 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. HSBC upped their target price on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Citigroup reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. Finally, Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,052.04.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 100 shares of The Goldman Sachs Group stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $926.28, for a total value of $92,628.00. Following the transaction, the insider directly owned 10,460 shares in the company, valued at approximately $9,688,888.80. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were 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 directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In 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 company insiders.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

The Goldman Sachs Group Price Performance

GS stock opened at $865.88 on Friday. The company has a market capitalization of $249.75 billion, a P/E ratio of 12.45, a PEG ratio of 0.81 and a beta of 1.29. The Goldman Sachs Group, Inc. has a twelve month low of $754.00 and a twelve month high of $1,153.99. The business has a 50 day simple moving average of $932.40 and a 200-day simple moving average of $956.58. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20.

The Goldman Sachs Group (NYSE:GS) last announced 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 business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the firm posted $12.25 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is currently 28.76%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.