1,481 The Goldman Sachs Group, Inc. $GS Shares Sold by Focused Alpha LLC

Key Points

• Focused Alpha LLC cut its Goldman Sachs stake by 69% in the third quarter, selling 1,481 shares and retaining 665 shares valued at approximately $599,000. Institutional investors and hedge funds collectively own 71.21% of GS.
• Goldman Sachs reported a strong quarter, with earnings per share of $17.01 and revenue of $18.68 billion, beating analyst estimates and marking 23% year-over-year revenue growth.
• The company declared a quarterly dividend of $5 per share, equivalent to $20 annually and a 2.3% yield. Analysts’ average rating is “Hold,” with an average price target of $1,050.32 versus the reported share price of $875.

Focused Alpha LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 69.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 665 shares of the investment management company's stock after selling 1,481 shares during the period. Focused Alpha LLC's holdings in The Goldman Sachs Group were worth $599,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GS. Sky Investment Group LLC increased its position in shares of The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock valued at $1,181,000 after purchasing an additional 10 shares during the period. Warren Street Wealth Advisors LLC raised its stake in shares of The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock valued at $272,000 after buying an additional 10 shares in the last quarter. First Financial Group Corp lifted its holdings in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock worth $208,000 after acquiring an additional 11 shares during the period. Meadow Creek Wealth Advisors LLC boosted its position in shares of The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock valued at $569,000 after acquiring an additional 11 shares in the last quarter. Finally, DecisionMap Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 3.2% during the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock valued at $354,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $875.00 on Tuesday. The business's fifty day moving average is $971.59 and its two-hundred day moving average is $990.83. 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, Inc. has a 52 week low of $743.11 and a 52 week high of $1,153.99. The firm has a market cap of $254.77 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share 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 19.55%. The firm had revenue of $18.68 billion during the quarter, compared to analysts' expectations of $16.83 billion. During the same quarter last year, the company posted $12.25 EPS. The company's quarterly revenue was up 23.0% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 69.57 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 given a $5.00 dividend. 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 presently 28.76%.

Analysts Set New Price Targets

Several research firms recently issued reports on GS. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research note on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. Finally, Barclays upped their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $1,050.32.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs is expanding its tokenization efforts across trading, payments and wealth management. Investors may view the initiative as a potential long-term source of fee revenue and improved financial-market infrastructure. Could Goldman Sachs Tokenization Push Reshape Its Future Business Mix?
• Positive Sentiment: Goldman and Evercore are exploring evergreen private-equity funds that could allow firms to hold assets for 10 to 15 years or longer. Such structures could create additional asset-management and advisory opportunities for GS. Goldman, Evercore Explore Funds That Would Let PE Firms Hold Assets for 15 Years
• Positive Sentiment: Recent commentary characterizes GS as undervalued, while Goldman’s strategists continue to expect a year-end rally in the S&P 500. Those views could support confidence in the firm’s valuation and capital-markets outlook. Goldman Sachs is still betting on a nice year-end rally for the S&P 500
• Neutral Sentiment: Goldman Sachs upgraded CoreWeave to Buy despite lowering its price target, highlighting the bank’s research influence and exposure to AI-related financing activity. The call primarily affects CoreWeave rather than GS’s earnings directly. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls
• Negative Sentiment: BMO Capital Markets lowered its GS price target to $950 from $970 and maintained a Market Perform rating. Although the revised target still implies upside from the reported $875 reference price, the reduction signals more limited near-term conviction. Goldman Sachs price target lowered to $950 from $970 at BMO Capital
• Negative Sentiment: Goldman expects an already weak housing market to deteriorate further, with mortgage rates above 7% and housing activity largely stagnant. Prolonged weakness could restrain mortgage, consumer-finance and broader economic activity. It’s a rough housing market, and Goldman Sachs expects it to get worse

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.

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.