9,849 Shares in The Goldman Sachs Group, Inc. $GS Bought by NBT Bank N.A.

Key Points

• NBT Bank acquired 9,849 Goldman Sachs shares worth approximately $8.9 million, while institutional investors and hedge funds collectively own 71.21% of the stock.
• Analyst views remain mixed: Goldman Sachs has a consensus “Hold” rating and an average price target of $1,050.32, with several firms recently adjusting their targets.
• Goldman Sachs reported quarterly earnings of $17.01 per share, beating estimates by $4.15, while revenue rose 23% year over year. The company also declared a quarterly dividend of $5.00 per share, equivalent to a 2.2% annual yield.

NBT Bank N.A. 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 SEC. The institutional investor bought 9,849 shares of the investment management company's stock, valued at approximately $8,868,000.

Other hedge funds also recently added to or reduced their stakes in the company. Orange County Employees Retirement System purchased a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $69,537,544,000. BlackRock Inc. purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth $24,172,123,000. Bank of America Corp DE purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth $6,756,772,000. Bank of New York Mellon Corp purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at $2,024,921,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on GS. HSBC lifted their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a "hold" rating in a report on Monday, September 28th. BMO Capital Markets cut their price target on The Goldman Sachs Group from $970.00 to $950.00 and set a "market perform" rating on the stock in a report on Monday. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an "overweight" rating on the stock in a research report on Friday, September 25th. UBS Group decreased their price objective on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a "neutral" rating for the company in a research note on Monday, October 5th. Finally, Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,050.32.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $889.95 on Friday. The stock has a market cap of $259.13 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The company has a fifty day simple moving average of $962.95 and a 200-day simple moving average of $991.46. The Goldman Sachs Group, Inc. has a 12-month low of $744.66 and a 12-month high of $1,153.99. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating the consensus estimate of $12.86 by $4.15. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The Goldman Sachs Group's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $12.25 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group's payout ratio is 28.76%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman received a Zacks Rank #2 (Buy), reflecting improving earnings expectations. The upgrade adds support to the view that the stock’s recent weakness may offer value, particularly after the company’s latest quarterly earnings beat. Goldman upgraded to Buy
• Positive Sentiment: Goldman, JPMorgan and Morgan Stanley reportedly captured nearly 80% of top-five-bank equity-trading revenue this year, helped by strong hedge-fund demand for leveraged AI-related trades. This suggests favorable conditions for GS’s trading franchise, although the revenue environment may be cyclical. Banks dominating AI trading boom
• Positive Sentiment: Goldman’s recent quarterly results showed substantial upside to consensus estimates, with revenue also exceeding expectations and rising year over year. The results remain an important fundamental support for GS. Goldman earnings analysis
• Neutral Sentiment: Goldman research points to elevated short positioning in global equities and warns that a sharp rebound could trigger a short squeeze. That may create upside volatility for GS, but it also highlights fragile market conditions. Hedge fund short positioning
• Neutral Sentiment: Articles on Goldman’s housing, AI-labor, and gold-market forecasts increase attention around the firm’s research franchise but do not directly change GS earnings or guidance.
• Negative Sentiment: BMO Capital Markets lowered its expectations for GS shares, adding pressure to the stock after its strong earnings-driven run. BMO lowers Goldman expectations
• Negative Sentiment: Exchange-traded funds were reported as net sellers of GS, indicating near-term institutional supply that may be contributing to the stock’s decline. ETF selling of Goldman shares

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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