3,580 The Goldman Sachs Group, Inc. $GS Shares Acquired by AIA Group Ltd

AIA Group Ltd increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 15.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,697 shares of the investment management company's stock after acquiring an additional 3,580 shares during the quarter. AIA Group Ltd's holdings in The Goldman Sachs Group were worth $24,037,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sky Investment Group LLC boosted its position in The Goldman Sachs Group by 0.9% during the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock worth $1,181,000 after acquiring an additional 10 shares during the period. Warren Street Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock worth $272,000 after purchasing an additional 10 shares during the period. Meadow Creek Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 1.7% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock worth $569,000 after purchasing an additional 11 shares during the period. DecisionMap Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 3.2% during the second quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock worth $354,000 after purchasing an additional 11 shares during the period. Finally, Millstone Evans Group LLC grew its position in The Goldman Sachs Group by 3.7% during the first quarter. Millstone Evans Group LLC now owns 337 shares of the investment management company's stock valued at $285,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

GS has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 14th. Wall Street Zen raised shares of The Goldman Sachs Group from a "hold" rating to a "buy" rating in a research note on Saturday, October 24th. Morgan Stanley set a $1,145.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Finally, BMO Capital Markets cut their price objective on The Goldman Sachs Group from $970.00 to $950.00 and set a "market perform" rating for the company in a report on Monday, October 19th. One 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $1,052.04.

Insider Activity at The Goldman Sachs Group

In related news, CEO David Solomon sold 12,000 shares of the company's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the sale, the chief executive officer directly owned 159,180 shares of the company's stock, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ericka Leslie sold 250 shares of the firm's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total transaction of $222,562.50. Following the completion of the transaction, the insider owned 10,710 shares in the company, valued at $9,534,577.50. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,500 shares of company stock worth $11,380,508. Corporate insiders own 0.55% of the company's stock.

Trending Headlines about The Goldman Sachs Group

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

• Neutral Sentiment: Goldman is reportedly in talks to acquire a controlling stake in a South Korean mobility app. The discussions could support expansion into a new business, but terms and the likelihood of a deal have not been disclosed. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Negative Sentiment: UBS lowered its price target on GS from $1,010 to $1,000 and maintained a Neutral rating, a modestly cautious signal from an analyst. Article: UBS Group price target update
• Negative Sentiment: The SPDR Dow Jones Industrial Average ETF reportedly sold its GS holding on Oct. 30 as it reduced all 30 positions. The sale may add some flow pressure, though it appears part of a broad portfolio reduction rather than a company-specific move. Article: SPDR Dow Jones Industrial Average ETF Sells Goldman Sachs
• Negative Sentiment: Goldman is restricting access to some AI coding tools largely to engineers and quantitative specialists, reversing broader employee access. The move reflects risk controls, but could temper expectations for productivity gains from widespread employee use of AI tools. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

The Goldman Sachs Group Stock Performance

GS stock opened at $894.43 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $260.43 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99. The firm has a 50 day moving average of $941.95 and a two-hundred day moving average of $957.66.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating analysts' consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The Goldman Sachs Group's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $12.25 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is 28.76%.

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.

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