2,707 The Goldman Sachs Group, Inc. $GS Shares Acquired by Legacy Financial Independent Advisors LLC

Legacy Financial Independent Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 735.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,075 shares of the investment management company’s stock after purchasing an additional 2,707 shares during the quarter. The Goldman Sachs Group comprises about 1.4% of Legacy Financial Independent Advisors LLC’s portfolio, making the stock its 26th largest holding. Legacy Financial Independent Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Kestra Advisory Services LLC boosted its position in The Goldman Sachs Group by 4.9% in the third quarter. Kestra Advisory Services LLC now owns 87,803 shares of the investment management company’s stock valued at $79,054,000 after buying an additional 4,107 shares during the last quarter. Claro Advisors Inc. boosted its holdings in shares of The Goldman Sachs Group by 66.7% in the 3rd quarter. Claro Advisors Inc. now owns 935 shares of the investment management company’s stock valued at $842,000 after acquiring an additional 374 shares during the last quarter. Telos Capital Management Inc. boosted its holdings in shares of The Goldman Sachs Group by 1.6% in the 3rd quarter. Telos Capital Management Inc. now owns 8,505 shares of the investment management company’s stock valued at $7,658,000 after acquiring an additional 131 shares during the last quarter. MMA Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 90.7% in the 3rd quarter. MMA Asset Management LLC now owns 858 shares of the investment management company’s stock valued at $773,000 after acquiring an additional 408 shares during the last quarter. Finally, QTR Family Wealth LLC increased its stake in shares of The Goldman Sachs Group by 76.2% in the third quarter. QTR Family Wealth LLC now owns 421 shares of the investment management company’s stock worth $379,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total transaction of $222,562.50. Following the sale, the insider owned 10,710 shares of the company’s stock, valued at $9,534,577.50. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 12,000 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,500 shares of company stock valued at $11,380,508 in the last three months. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GS. BMO Capital Markets lowered their price target on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. UBS Group lowered their price target on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America raised their target price on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, HSBC lifted their price target on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $1,052.04.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $868.39 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.63 and a current ratio of 0.61. The company has a fifty day moving average of $935.89 and a two-hundred day moving average of $956.96. The stock has a market capitalization of $250.48 billion, a PE ratio of 12.49, a P/E/G ratio of 0.87 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99.

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 (EPS) for the quarter, beating 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 20.21%. The business 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 earnings per share. The company’s revenue was up 23.0% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed 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. This represents a $20.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s payout ratio is 28.76%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs and Apollo Global Management have begun marketing a reported $40 billion financing deal tied to SpaceX’s AI and chip plans. If completed, arranging and syndicating the financing could generate fees for Goldman, though the deal is still being marketed. Article: Goldman Sachs, Apollo Begin Marketing SpaceX Financing Deal
• Neutral Sentiment: The firm promoted 109 bankers to partner, including a record number of engineers. The appointments highlight investment in technical talent, but the news is unlikely to materially affect near-term results. Article: Goldman Sachs Elevates Record Number of Engineers to Partner Ranks
• Negative Sentiment: Goldman’s trading desk reported that buyers were scarce as technology shares sold off and major U.S. indexes fell. The risk-off environment likely weighed on GS along with the broader market. Article: Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff
• Negative Sentiment: Democrats’ control of Congress could slow the Trump administration’s financial deregulation agenda and bring more scrutiny to banks, creating a potentially less favorable policy outlook for Goldman. Article: Midterm Election Results and Financial Stocks

The Goldman Sachs Group 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.