2,980 Shares of The Goldman Sachs Group, Inc. $GS Bought by Associated Banc Corp

Key Points

• Associated Banc Corp opened a new position in Goldman Sachs, buying 2,980 shares worth about $2.68 million; institutional investors and hedge funds collectively own 71.21% of the stock.
• Goldman reported quarterly EPS of $17.01, beating the $12.86 consensus, while revenue rose 23% year over year to $18.68 billion. The company also declared a $5 quarterly dividend, equivalent to a 2.2% annualized yield.
• Analyst sentiment is mixed: the consensus rating is Hold, with an average price target of $1,052.04. CEO David Solomon also sold 12,000 shares for about $10.93 million.

Associated Banc Corp bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,980 shares of the investment management company's stock, valued at approximately $2,683,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fischer Financial Services Inc. lifted its stake in shares of The Goldman Sachs Group by 2.2% in the 3rd quarter. Fischer Financial Services Inc. now owns 3,537 shares of the investment management company's stock valued at $3,185,000 after acquiring an additional 75 shares during the last quarter. Integrity Advisory Solutions LLC grew its position in The Goldman Sachs Group by 13.6% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 410 shares of the investment management company's stock worth $370,000 after acquiring an additional 49 shares during the last quarter. First Nebraska Trust Co bought a new stake in The Goldman Sachs Group during the 3rd quarter worth $1,116,000. Stiles Financial Services Inc grew its position in The Goldman Sachs Group by 1.1% during the 3rd quarter. Stiles Financial Services Inc now owns 1,348 shares of the investment management company's stock worth $1,213,000 after acquiring an additional 15 shares during the last quarter. Finally, Garner Asset Management Corp increased its holdings in The Goldman Sachs Group by 12.7% in the 3rd quarter. Garner Asset Management Corp now owns 240 shares of the investment management company's stock worth $214,000 after purchasing an additional 27 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GS. UBS Group cut their price target on The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a "neutral" rating on the stock in a research note on Monday. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. TD Cowen initiated coverage on The Goldman Sachs Group in a research note on Thursday, October 8th. They issued a "buy" rating and a $1,050.00 price objective for the company. Barclays raised their price objective on shares of 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. Finally, Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $1,052.04.

Insider Buying and Selling

In other news, insider Ericka T. Leslie sold 100 shares of the firm'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 transaction of $92,628.00. Following the completion of the sale, the insider owned 10,460 shares of the company's stock, valued at $9,688,888.80. This trade represents a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David M. Solomon sold 12,000 shares of the firm's stock in a transaction that occurred 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 approximately $144,968,409.60. This trade represents a 7.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,500 shares of company stock valued at $11,380,508. 0.55% of the stock is currently owned by corporate insiders.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs and Apollo are reportedly in talks related to selling a $40 billion SpaceX AI deal. If Goldman helps arrange or execute the transaction, it could generate advisory or financing fees. Article: Goldman, Apollo in Talks to Sell SpaceX’s $40 Billion AI Deal
• Positive Sentiment: Goldman is also reported to be in talks to acquire a controlling stake in a South Korean mobility app. A transaction could create investment opportunities, although terms and the outcome were not reported. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Neutral Sentiment: Goldman’s strategist said corporate leaders may accelerate plans to expand computing capacity amid uncertainty about future policy. That could support AI-related investment, but the article does not identify a direct or immediate benefit to Goldman’s results. Article: The AI Trade Has Been Sold to Death, but Goldman Strategist Highlights Silver Lining
• Negative Sentiment: Goldman has reportedly limited access to certain AI coding tools to engineers and quantitative specialists after reviewing productivity and risk controls. The move may limit broader employee use of the tools, though the financial impact is unclear. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

The Goldman Sachs Group Stock Performance

Shares of GS opened at $929.21 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $268.01 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The firm's fifty day simple moving average is $939.32 and its two-hundred day simple moving average is $957.43. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99.

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, topping the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The firm had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. During the same period last year, the company posted $12.25 EPS. The business's quarterly revenue was up 23.0% on a year-over-year basis. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group's payout ratio is presently 28.76%.

About The Goldman Sachs Group

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.

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