5,172 The Goldman Sachs Group, Inc. $GS Shares Purchased by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Goldman Sachs stake by 34.4% in the third quarter, purchasing 5,172 additional shares. It held 20,228 shares valued at approximately $18.2 million at quarter-end.
• Institutional investors own 71.21% of Goldman Sachs shares, while analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $1,050.32.
• Goldman Sachs recently reported strong quarterly results, with EPS of $17.01 and revenue of $18.68 billion both exceeding estimates. The company also declared a quarterly dividend of $5.00 per share, equivalent to a 2.2% annual yield.

Crossmark Global Holdings Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 34.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,228 shares of the investment management company's stock after buying an additional 5,172 shares during the period. Crossmark Global Holdings Inc.'s holdings in The Goldman Sachs Group were worth $18,212,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Turim 21 Investimentos Ltda. bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $25,000. Strive Financial Group LLC increased its holdings in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. increased its holdings in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Steph & Co. bought a new position in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $27,000. Finally, Cherry Tree Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 100.0% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GS has been the topic of several analyst reports. Weiss Ratings downgraded The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 9th. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Oppenheimer cut shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. Wall Street Zen cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Finally, Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given 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 stock currently has a consensus rating of "Hold" and a consensus 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: Strong earnings momentum: Goldman’s latest quarterly results exceeded expectations, with earnings per share of $17.01 versus a $12.86 consensus estimate and revenue of $18.68 billion versus $16.83 billion expected. Revenue increased 23% year over year, reinforcing the investment bank’s favorable operating momentum. Ken Fisher and Jim Cramer Like This Bank Stock
• Positive Sentiment: AI-driven trading boom: Goldman, JPMorgan and Morgan Stanley captured nearly 80% of the leading banks’ equity-trading revenue this year, helped by hedge-fund borrowing and trading tied to AI hardware and semiconductor supply chains. The trend highlights strong demand for Goldman’s trading and financing businesses. Goldman Sachs, JPMorgan and Morgan Stanley are Dominating the AI Stock Boom
• Positive Sentiment: Asset-management expansion: Goldman is reportedly paying up to $2.25 billion to acquire NEOS Investments, an ETF manager with approximately $30 billion in assets. The deal would expand Goldman’s actively managed and options-based ETF platform and diversify fee-based revenue. Goldman Sachs Is Paying Up to $2.25 Billion for a $30 Billion ETF Business
• Neutral Sentiment: Investor attention remains elevated: Goldman ranks among widely followed stocks and is viewed favorably by some investors after its earnings beat, but the coverage largely repeats existing information rather than introducing a new catalyst. The Goldman Sachs Group Is Attracting Investor Attention
• Negative Sentiment: Some pressure from sellers and analysts: ETFs were net sellers of GS shares on October 19, while BMO Capital Markets lowered its expectations for the stock. These developments could temper enthusiasm following the earnings-driven advance. ETFs Are Net Sellers of Goldman Sachs on Oct. 19
• Negative Sentiment: Macro risks remain: Goldman expects the U.S. housing market to remain weak through 2027, reflecting persistent affordability and mortgage-rate pressures that could weigh on economic activity and parts of the bank’s lending and investment-banking pipeline. It’s a Rough Housing Market, and Goldman Sachs Expects It to Get Worse

The Goldman Sachs Group Trading Up 2.1%

Shares of NYSE:GS opened at $903.31 on Thursday. 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 stock's 50-day moving average is $965.99 and its 200-day moving average is $991.27. The company has a market cap of $263.02 billion, a P/E ratio of 12.99, a P/E/G ratio of 0.84 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 52-week low of $743.11 and a 52-week 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 19.55% and a net margin of 15.77%. The business had revenue of $18.68 billion during the quarter, compared to analysts' expectations of $16.83 billion. During the same quarter in the previous year, the firm earned $12.25 EPS. The firm's revenue was up 23.0% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is 28.76%.

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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