The Goldman Sachs Group, Inc. $GS Stock Bought by Asset One Wealth Management LLC

Asset One Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,590 shares of the investment management company’s stock after buying an additional 830 shares during the quarter. Asset One Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $5,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strive Financial Group LLC boosted its holdings in The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after buying an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. increased its position in shares of The Goldman Sachs Group by 188.9% during 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. Turim 21 Investimentos Ltda. purchased a new stake in The Goldman Sachs Group in the first quarter worth $25,000. Cherry Tree Wealth Management LLC raised its holdings in The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after buying an additional 15 shares during the period. Finally, Clearstead Trust LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $33,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about The Goldman Sachs Group

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

Insiders Place Their Bets

In related news, CEO David Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, October 27th. The stock was 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 directly owned 159,180 shares in the company, valued at approximately $144,968,409.60. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ericka Leslie sold 100 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 10,460 shares of the company’s stock, valued at approximately $9,688,888.80. This trade represents a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 12,500 shares of company stock worth $11,380,508. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GS shares. Barclays upped their target price on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada decreased their price objective on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research note 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. BMO Capital Markets lowered their price objective on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating for the company in a research note on Monday, October 19th. Finally, HSBC upped their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,052.04.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $865.88 on Friday. The business’s 50-day simple moving average is $932.40 and its 200-day simple moving average is $956.58. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The firm has a market cap of $252.12 billion, a price-to-earnings ratio of 12.45, a P/E/G 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 posted its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The Goldman Sachs Group’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $12.25 EPS. As a group, equities research analysts expect 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. Stockholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 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.