11,163 The Goldman Sachs Group, Inc. $GS Shares Bought by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Goldman Sachs stake by 13.4% in the third quarter, purchasing 11,163 shares for a total of 94,367 shares valued at approximately $85 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported quarterly EPS of $17.01, beating estimates of $12.86, while revenue rose 23% year over year to $18.68 billion. The company also declared a quarterly dividend of $5 per share, representing a 2.3% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $1,050.32; BMO lowered its target to $950, while Bank of America raised its target to $1,300.

Nisa Investment Advisors LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,367 shares of the investment management company's stock after purchasing an additional 11,163 shares during the period. Nisa Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $84,964,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Integrated Advisors Network LLC boosted its holdings in The Goldman Sachs Group by 0.7% during the third quarter. Integrated Advisors Network LLC now owns 9,271 shares of the investment management company's stock worth $8,347,000 after buying an additional 67 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in The Goldman Sachs Group by 3.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 213,382 shares of the investment management company's stock worth $192,121,000 after buying an additional 7,924 shares during the period. Zullo Investment Group Inc. grew its position in The Goldman Sachs Group by 1.0% during the third quarter. Zullo Investment Group Inc. now owns 2,460 shares of the investment management company's stock worth $2,216,000 after buying an additional 24 shares during the period. Lakeshore Capital Group Inc. increased its holdings in The Goldman Sachs Group by 3.7% in the third quarter. Lakeshore Capital Group Inc. now owns 2,104 shares of the investment management company's stock valued at $1,894,000 after buying an additional 76 shares in the last quarter. Finally, West Branch Capital LLC increased its holdings in The Goldman Sachs Group by 11.9% in the third quarter. West Branch Capital LLC now owns 1,593 shares of the investment management company's stock valued at $1,434,000 after buying an additional 170 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. HSBC boosted their price target 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. BMO Capital Markets lowered their price target on The Goldman Sachs Group from $970.00 to $950.00 and set a "market perform" rating on the stock in a report on Monday. Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,050.32.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $884.42 on Wednesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $743.11 and a fifty-two week high of $1,153.99. The company has a market capitalization of $257.52 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.83 and a beta of 1.29. The stock has a fifty day moving average of $968.62 and a two-hundred day moving average of $991.00. 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 - Get Free Report) last issued 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 return on equity of 19.55% and a net margin of 15.77%. The business had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the prior year, the business earned $12.25 earnings per share. The business's revenue was up 23.0% on a year-over-year basis. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 70.26 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, an actively managed and options-based ETF provider with approximately $30 billion in assets. The transaction could cost up to $2.25 billion and is viewed as a strategically attractive way for Goldman to expand its asset-management platform and diversify revenue toward fee-based businesses. Goldman Sachs NEOS Investments acquisition
• Positive Sentiment: Goldman is broadening its private-markets capabilities by exploring “evergreen” funds that would allow private-equity firms to hold assets for 10 to 15 years or longer. Such products could create additional advisory, financing and asset-management fees for GS. Goldman and Evercore evergreen funds
• Positive Sentiment: The bank continues to position tokenization as a growth opportunity across trading, payments and wealth management, potentially improving Goldman’s long-term technology and digital-asset revenue mix. Goldman Sachs tokenization strategy
• Neutral Sentiment: Goldman’s prime-brokerage data showed hedge funds reduced technology exposure at the fastest pace in at least a decade. The report may benefit GS’s trading and client-activity revenue, but it also highlights risk appetite and valuation concerns across markets. Hedge funds cut technology stocks
• Neutral Sentiment: Goldman still expects a potential year-end S&P 500 rally, which could support investment-banking, trading and asset-management activity, although the outlook remains vulnerable to technology-sector volatility. Goldman Sachs year-end market outlook
• Negative Sentiment: BMO Capital Markets lowered its GS price target to $950 from $970 and maintained a “Market Perform” rating, signaling limited near-term upside despite the stock’s valuation and strong latest earnings. BMO lowers Goldman Sachs price target
• Negative Sentiment: Goldman economists expect the U.S. housing market to remain weak through 2027 as mortgage rates above 7% suppress transactions and new construction. Prolonged housing weakness could weigh on consumer activity and related investment-banking businesses. Goldman Sachs housing market outlook

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.