14,278 The Goldman Sachs Group, Inc. $GS Shares Acquired by GoalVest Advisory LLC

Key Points

• GoalVest Advisory increased its Goldman Sachs stake by 431.6% in the third quarter, purchasing 14,278 additional shares for a total of 17,586 shares valued at approximately $15.8 million. Institutional investors collectively own 71.21% of the company.
• Analysts maintain a broadly cautious outlook, with Goldman Sachs carrying a consensus “Hold” rating and an average price target of $1,073.60. The stock recently traded at $902.91, below its 50-day and 200-day moving averages.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, beating estimates and growing revenue 39.4% year over year. The company also raised its quarterly dividend to $5.00 per share, representing a 2.2% yield.

GoalVest Advisory LLC grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 431.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,586 shares of the investment management company's stock after purchasing an additional 14,278 shares during the quarter. The Goldman Sachs Group makes up approximately 0.8% of GoalVest Advisory LLC's holdings, making the stock its 21st biggest position. GoalVest Advisory LLC's holdings in The Goldman Sachs Group were worth $15,834,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Audent Global Asset Management LLC raised its position in The Goldman Sachs Group by 10.1% during the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock worth $4,604,000 after acquiring an additional 479 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $53,720,000. Oak Grove Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $1,890,000. Sax Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 148.7% during the second quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company's stock worth $3,569,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Liontrust Investment Partners LLP increased its stake in shares of The Goldman Sachs Group by 1,007.5% during the first quarter. Liontrust Investment Partners LLP now owns 9,602 shares of the investment management company's stock worth $8,123,000 after purchasing an additional 8,735 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a report on Wednesday, July 15th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an "overweight" rating for the company in a report on Friday, September 25th. Evercore restated an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Finally, Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $1,073.60.

The Goldman Sachs Group Price Performance

GS traded up $6.24 during trading on Friday, reaching $902.91. The company's stock had a trading volume of 780,066 shares, compared to its average volume of 2,200,980. The company has a market cap of $262.90 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.92 and a beta of 1.29. The firm has a fifty day simple moving average of $1,006.44 and a two-hundred day simple moving average of $984.83. The Goldman Sachs Group, Inc. has a 1 year low of $740.01 and a 1 year high of $1,153.99. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same period in the prior year, the business earned $10.91 earnings per share. The business's revenue was up 39.4% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 68.98 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.2%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend was Tuesday, September 1st. The Goldman Sachs Group's payout ratio is 30.87%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs increased its quarterly dividend for the second time this year. The higher payout reflects strong recent earnings and capital levels, supporting the investment case for income-oriented shareholders, although future increases will depend on whether earnings momentum persists. Goldman Sachs Boosted Its Dividend Again: What Comes Next?
• Positive Sentiment: Redemptions from Goldman Sachs Private Credit Corp. fell to 2% of shares outstanding in the third quarter, below the fund’s 5% repurchase limit and down from the prior quarter. The data suggests comparatively stable investor demand for Goldman’s private-credit platform amid broader industry redemption concerns. Goldman Sachs private credit BDC redemptions come in below 5% again in Q3
• Positive Sentiment: Goldman is committing up to £500 million to UK housebuilding lender Quantum Development Finance, taking its total exposure to as much as £700 million. The deal expands Goldman’s lending activity and could generate additional financing revenue, though it also increases exposure to property-market and credit risks. Goldman commits £500m to SME housebuilding lender Quantum
• Neutral Sentiment: Reports that COO John Waldron could succeed David Solomon as CEO as early as 2027 or 2028 point to a potentially orderly transition. Analysts characterize Waldron as a continuity candidate, but succession uncertainty may remain a focus for investors. Goldman Sachs CEO succession would signal continuity
• Neutral Sentiment: Goldman shifted its forecast for the Federal Reserve’s next rate hike from October to December after softer inflation data. Delayed tightening could support capital-markets activity and asset valuations, but lower rates may also pressure some banking-sector interest income. Goldman Sachs pushes Fed rate hike forecast to December
• Negative Sentiment: Goldman reportedly bought approximately $220 million of Shein shares after the fast-fashion company’s Hong Kong listing, where shares have since fallen 38%. The investment raises potential mark-to-market and reputational concerns, although the effect on Goldman’s overall results is likely limited. Goldman bought Shein shares worth $220 million after dismal IPO

About The Goldman Sachs Group

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.

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.