N10 Wealth LLC Purchases New Shares in The Goldman Sachs Group, Inc. $GS

N10 Wealth LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 683 shares of the investment management company’s stock, valued at approximately $615,000.

Several other large investors have also modified their holdings of the company. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $25,000. Strive Financial Group LLC raised its position in The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. raised its position in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Steph & Co. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $29,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $20.67 during mid-day trading on Wednesday, hitting $871.24. 1,853,020 shares of the company were exchanged, compared to its average volume of 2,211,268. 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 stock has a 50 day simple moving average of $984.44 and a 200-day simple moving average of $989.10. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The firm has a market cap of $253.68 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The firm 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 15.53% and a return on equity of 19.16%. The Goldman Sachs Group’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the firm posted $12.25 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 67.48 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced 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. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 30.87%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Strong Q3 earnings beat: Goldman reported diluted EPS of $17.01 versus the $12.86 consensus and revenue of $18.68 billion versus $16.83 billion expected. Net income rose 29% year over year, while revenue increased 23%. Goldman Sachs quarterly profit rises on equities strength
• Positive Sentiment: Trading and investment banking drove growth: Equities revenue surged 72% to $6.44 billion, and investment-banking fees increased 21% as underwriting and deal activity improved. Wealth-management assets reached a record $2.1 trillion, supporting confidence in Goldman’s diversified earnings base. Goldman Q3 earnings beat on strong equities and investment banking revenues
• Positive Sentiment: Shareholder returns and bullish commentary: The board declared a $5 quarterly dividend, equivalent to $20 annually, and Goldman returned $4.49 billion to common shareholders during the quarter, including $3 billion in repurchases. CEO David Solomon said the firm remains well positioned, and Jim Cramer called GS his favorite bank stock. Jim Cramer reveals his favourite post-earnings bank stocks
• Neutral Sentiment: Analysts remain divided: Morgan Stanley maintained a Hold rating with a $1,145 target, while RBC cut its target from $1,220 to $1,010 and kept a Sector Perform rating. The target reduction likely contributed to caution after the post-earnings rally.
• Negative Sentiment: Macro and regulatory risks cloud the outlook: Solomon warned that abrupt interest-rate moves could create headwinds. Analysts also cited late-cycle risks, higher AI infrastructure costs and elevated rates. Separately, a Treasury review found that major U.S. banks’ reputation-risk policies could allow political considerations to influence access to banking services, creating potential compliance and reputational pressure for Goldman. Treasury review of bank debanking policies

Wall Street Analyst Weigh In

A number of research analysts have commented on GS shares. BMO Capital Markets dropped their price objective on shares of The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Barclays increased their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lowered their price target on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a report on Wednesday. Rothschild & Co Redburn raised their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, TD Cowen started coverage on The Goldman Sachs Group in a research report on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,052.82.

The Goldman Sachs Group Company Profile

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.