3,087 The Goldman Sachs Group, Inc. $GS Shares Acquired by Axecap Investments LLC

Key Points

• Axecap Investments increased its Goldman Sachs stake by 211.4% in the third quarter, acquiring 3,087 shares for a total of 4,547 shares valued at approximately $4.1 million. Institutional investors collectively own 71.21% of GS stock.
• Goldman Sachs reported stronger-than-expected quarterly results, with EPS of $17.01 versus the $12.86 consensus estimate and revenue of $18.68 billion, up 23% year over year.
• The company declared a quarterly dividend of $5.00 per share, equivalent to $20.00 annually and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $1,050.32.

Axecap Investments LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 211.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,547 shares of the investment management company's stock after acquiring an additional 3,087 shares during the quarter. The Goldman Sachs Group comprises approximately 2.5% of Axecap Investments LLC's holdings, making the stock its 19th biggest holding. Axecap Investments LLC's holdings in The Goldman Sachs Group were worth $4,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strive Financial Group LLC increased its holdings in The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. boosted its position in shares of The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock worth $26,000 after buying an additional 17 shares during the period. Turim 21 Investimentos Ltda. purchased a new stake in shares of The Goldman Sachs Group in the first quarter worth about $25,000. Cherry Tree Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 100.0% in the third 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 in the last quarter. Finally, Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $27,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.0%

Shares of NYSE:GS opened at $884.42 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The company has a fifty day simple moving average of $968.62 and a 200 day simple moving average of $991.00. The firm has a market cap of $257.52 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $743.11 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 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the prior year, the firm posted $12.25 EPS. The firm's revenue was up 23.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 70.26 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

The Goldman Sachs Group News Summary

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 firm with approximately $30 billion in assets. The transaction could strengthen Goldman’s asset-management platform and diversify revenue beyond investment banking. Goldman Sachs Is Paying Up to $2.25 Billion for a $30 Billion ETF Business
• Positive Sentiment: Goldman is expanding tokenization initiatives across trading, payments and wealth management, potentially creating longer-term growth opportunities by applying digital-asset infrastructure to institutional and private-wealth clients. Could Goldman Sachs Tokenization Push Reshape Its Future Business Mix?
• Positive Sentiment: Goldman’s prime brokerage data and market commentary highlight continued client activity and volatility, conditions that can benefit its trading and investment-banking businesses. The bank also continues to forecast a potential year-end equity-market rally. Goldman Sachs Is Still Betting on a Year-End Rally
• Neutral Sentiment: Goldman and other major financial institutions objected to OKX’s tokenized-stock offering, suggesting the bank supports regulated digital-asset development while resisting structures it views as potentially problematic for market oversight or investor protection. Microsoft, Alphabet and Goldman Sachs Join Objections to Tokenized Stocks
• Negative Sentiment: BMO Capital Markets lowered its price target for GS from $970 to $950 and reiterated a Market Perform rating. Although the revised target implies upside from the referenced share price, the reduction signals more cautious expectations for valuation or earnings growth. Goldman Sachs Price Target Lowered at BMO Capital
• Negative Sentiment: Goldman’s warnings about a prolonged U.S. housing slowdown and its report that hedge funds sharply reduced technology exposure point to weaker deal activity and potentially more volatile markets. These trends could weigh on investment-banking fees and investor risk appetite. Goldman Sachs Expects the Housing Market to Get Worse

Wall Street Analysts Forecast Growth

GS has been the topic of several analyst reports. Wall Street Zen downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating in a report on Sunday, September 13th. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Citigroup restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the company a "neutral" rating in a research report on Friday, October 16th. Finally, Bank of America lifted their price objective on shares of 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. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $1,050.32.

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.

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