The Goldman Sachs Group, Inc. $GS Holdings Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 34.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 20,228 shares of the investment management company’s stock after buying an additional 5,172 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in The Goldman Sachs Group were worth $18,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of GS. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. Strive Financial Group LLC lifted its stake in shares of The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after buying an additional 19 shares during the period. BOK Financial Private Wealth Inc. lifted its stake in shares of The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying an additional 17 shares during the period. Steph & Co. bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $27,000. Finally, Cherry Tree Wealth Management LLC grew its position in The Goldman Sachs Group by 100.0% during the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GS shares. Barclays boosted their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 9th. TD Cowen initiated 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 objective for the company. Bank of America lifted their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Loop Capital set a $1,050.00 price objective on The Goldman Sachs Group in a report on Thursday, October 8th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $1,050.32.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Strong earnings momentum: Goldman’s latest quarterly results exceeded expectations, with earnings per share of $17.01 versus a $12.86 consensus estimate and revenue of $18.68 billion versus $16.83 billion expected. Revenue increased 23% year over year, reinforcing the investment bank’s favorable operating momentum. Ken Fisher and Jim Cramer Like This Bank Stock
• Positive Sentiment: AI-driven trading boom: Goldman, JPMorgan and Morgan Stanley captured nearly 80% of the leading banks’ equity-trading revenue this year, helped by hedge-fund borrowing and trading tied to AI hardware and semiconductor supply chains. The trend highlights strong demand for Goldman’s trading and financing businesses. Goldman Sachs, JPMorgan and Morgan Stanley are Dominating the AI Stock Boom
• Positive Sentiment: Asset-management expansion: Goldman is reportedly paying up to $2.25 billion to acquire NEOS Investments, an ETF manager with approximately $30 billion in assets. The deal would expand Goldman’s actively managed and options-based ETF platform and diversify fee-based revenue. Goldman Sachs Is Paying Up to $2.25 Billion for a $30 Billion ETF Business
• Neutral Sentiment: Investor attention remains elevated: Goldman ranks among widely followed stocks and is viewed favorably by some investors after its earnings beat, but the coverage largely repeats existing information rather than introducing a new catalyst. The Goldman Sachs Group Is Attracting Investor Attention
• Negative Sentiment: Some pressure from sellers and analysts: ETFs were net sellers of GS shares on October 19, while BMO Capital Markets lowered its expectations for the stock. These developments could temper enthusiasm following the earnings-driven advance. ETFs Are Net Sellers of Goldman Sachs on Oct. 19
• Negative Sentiment: Macro risks remain: Goldman expects the U.S. housing market to remain weak through 2027, reflecting persistent affordability and mortgage-rate pressures that could weigh on economic activity and parts of the bank’s lending and investment-banking pipeline. It’s a Rough Housing Market, and Goldman Sachs Expects It to Get Worse

The Goldman Sachs Group Price Performance

NYSE:GS opened at $903.31 on Thursday. 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 company has a 50-day moving average of $965.99 and a 200-day moving average of $991.27. The Goldman Sachs Group, Inc. has a 52 week low of $743.11 and a 52 week high of $1,153.99. The company has a market capitalization of $263.02 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.84 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results 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 business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.25 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders 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 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.

The Goldman Sachs Group Company Profile

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.