Axxcess Wealth Management LLC Sells 7,744 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Axxcess Wealth Management cut its Goldman Sachs stake by 58.4% in the third quarter, selling 7,744 shares and retaining 5,506 shares valued at approximately $4.96 million. Institutional investors own 71.21% of GS shares.
• Goldman Sachs reported a strong quarter, with EPS of $17.01 beating the $12.86 consensus and revenue of $18.68 billion surpassing estimates; revenue rose 23% year over year.
• The company declared a quarterly dividend of $5.00 per share, equivalent to $20.00 annually and a 2.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $1,050.32.

Axxcess Wealth Management LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 58.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,506 shares of the investment management company's stock after selling 7,744 shares during the quarter. Axxcess Wealth Management LLC's holdings in The Goldman Sachs Group were worth $4,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Turim 21 Investimentos Ltda. purchased a new position in The Goldman Sachs Group in the first quarter valued at about $25,000. Strive Financial Group LLC lifted its stake in shares of The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock worth $25,000 after purchasing an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its stake in shares of The Goldman Sachs Group by 188.9% during the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock worth $26,000 after purchasing an additional 17 shares in the last quarter. Steph & Co. acquired a new position in shares of The Goldman Sachs Group during the first quarter worth about $27,000. Finally, Cherry Tree Wealth Management LLC boosted its position 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 worth $27,000 after buying an additional 15 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS opened at $903.31 on Thursday. The company has a fifty day simple moving average of $965.99 and a 200 day simple moving average of $991.27. The firm has a market cap of $263.02 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.84 and a beta of 1.29. The Goldman Sachs Group, Inc. has a twelve month low of $743.11 and a twelve 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 released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $12.25 EPS. The firm's quarterly revenue was up 23.0% on a year-over-year basis. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders 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 dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 28.76%.

Key Headlines Impacting The Goldman Sachs Group

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

Analysts Set New Price Targets

GS has been the subject of a number of recent research reports. Rothschild & Co Redburn increased their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. TD Cowen initiated coverage on The Goldman Sachs Group in a report on Thursday, October 8th. They set a "buy" rating and a $1,050.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 14th. Wall Street Zen lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Finally, Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1,050.32.

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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