AMF Tjanstepension AB Sells 1,680 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• AMF Tjanstepension AB reduced its Goldman Sachs stake by 1.3%, selling 1,680 shares and retaining 127,168 shares valued at approximately $114.5 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported a strong quarter, with EPS of $17.01 versus the $12.86 consensus and revenue of $18.68 billion, up 23% year over year. The company also declared a quarterly dividend of $5.00 per share, representing a 2.2% annualized yield.
• GS shares opened at $889.95, below their 50- and 200-day moving averages, while analyst sentiment remains mixed: the consensus rating is “Hold” with a $1,050.32 price target, despite several bullish targets and one recent downgrade to “Underperform.”

AMF Tjanstepension AB cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,168 shares of the investment management company's stock after selling 1,680 shares during the period. AMF Tjanstepension AB's holdings in The Goldman Sachs Group were worth $114,497,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $25,000. Strive Financial Group LLC raised its position in The Goldman Sachs Group by 316.7% in the second 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 during the period. BOK Financial Private Wealth Inc. raised its position in 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 valued at $26,000 after purchasing an additional 17 shares during the period. Steph & Co. acquired a new position in The Goldman Sachs Group during the first quarter worth $27,000. Finally, Cherry Tree Wealth Management LLC lifted its stake in The Goldman Sachs Group by 100.0% during the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock worth $27,000 after purchasing an additional 15 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital set a $1,050.00 target price on The Goldman Sachs Group in a report on Thursday, October 8th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Citigroup reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 14th. Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Oppenheimer cut The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. One 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 issued a Sell rating to the company's stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $1,050.32.

The Goldman Sachs Group Stock Down 1.6%

The Goldman Sachs Group stock opened at $889.95 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $744.66 and a fifty-two week high of $1,153.99. 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 company has a market capitalization of $259.13 billion, a P/E ratio of 12.80, a PEG ratio of 0.85 and a beta of 1.29. The stock has a 50-day simple moving average of $962.95 and a 200-day simple moving average of $991.46.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.86 by $4.15. The firm had revenue of $18.68 billion during the quarter, compared to analysts' expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business's revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $12.25 EPS. Equities research analysts expect 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. Stockholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is 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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