Curated Wealth Partners LLC Sells 161,126 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Curated Wealth Partners LLC sold 161,126 Goldman Sachs shares in the third quarter, reducing its position by 99.4% to 1,035 shares worth approximately $932,000.
• Goldman Sachs reported strong third-quarter results, with EPS of $17.01 and revenue of $18.68 billion, exceeding estimates and marking 39% year-over-year earnings growth.
• Analysts maintain a generally cautious outlook: the stock carries an average “Hold” rating and a $1,050.55 target price, while concerns about restrictive interest rates and valuation remain. Goldman also declared a $5 quarterly dividend, equal to a 2.2% yield.

Curated Wealth Partners LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 99.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035 shares of the investment management company's stock after selling 161,126 shares during the period. Curated Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $932,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC raised its stake in shares of The Goldman Sachs Group by 32.9% in the 3rd quarter. WealthPlan Investment Management LLC now owns 473 shares of the investment management company's stock valued at $426,000 after purchasing an additional 117 shares in the last quarter. Mainsail Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 16.3% during the third quarter. Mainsail Asset Management LLC now owns 279 shares of the investment management company's stock worth $250,000 after purchasing an additional 39 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of The Goldman Sachs Group by 82.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 426 shares of the investment management company's stock worth $384,000 after purchasing an additional 193 shares during the last quarter. HBW Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 2.1% during the third quarter. HBW Advisory Services LLC now owns 970 shares of the investment management company's stock worth $874,000 after purchasing an additional 20 shares during the last quarter. Finally, KG Capital Management grew its stake in The Goldman Sachs Group by 5.2% in the third quarter. KG Capital Management now owns 807 shares of the investment management company's stock worth $726,000 after purchasing an additional 40 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a "market perform" rating for the company in a research note on Wednesday. Barclays upped their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. BMO Capital Markets cut their price objective on The Goldman Sachs Group from $972.00 to $970.00 and set a "market perform" rating on the stock in a research note on Tuesday, October 6th. Citigroup reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a report on Wednesday. Finally, Wall Street Zen lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $1,050.55.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: New Buy rating: TD Cowen initiated coverage of GS with a Buy rating, providing fresh bullish support for the stock. TD Cowen initiates coverage of Goldman Sachs Group at Buy
• Positive Sentiment: Exceptional Q3 performance: Goldman reported $17.01 in earnings per share and $18.68 billion in revenue, exceeding estimates of $12.86 and $16.83 billion, respectively. Earnings rose 39% year over year, supported by a 72% increase in equities revenue, stronger investment-banking fees and record advisory activity. Wall Street earnings split
• Positive Sentiment: Growth opportunities remain substantial: Management pointed to strong deal pipelines, financing and wealth-management growth, elevated capital-markets activity and $4.1 trillion in assets under supervision. Goldman also declared a $5 quarterly dividend. Zacks Analyst Blog highlights Goldman Sachs
• Neutral Sentiment: CEO David Solomon said the underlying economy remains strong, but abrupt interest-rate moves are creating headwinds. Rising AI infrastructure costs and uncertainty around rates could temper future profitability. Goldman CEO discusses rate headwinds
• Negative Sentiment: Citigroup and RBC lowered their price targets and retained Neutral or Sector Perform ratings, signaling that strong results may already be reflected in the valuation. Analysts lower Goldman Sachs forecasts
• Negative Sentiment: Hotter inflation data has increased concern that interest rates may remain restrictive, weighing on bank valuations and dealmaking expectations. What Goldman Sachs sees next

The Goldman Sachs Group Stock Up 1.5%

GS stock opened at $891.51 on Friday. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The firm has a fifty day moving average price of $977.91 and a two-hundred day moving average price of $990.11. The firm has a market cap of $259.58 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.97 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts' consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analysts' expectations of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The firm's revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $12.25 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 67.48 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders 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 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group's payout ratio is 28.76%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

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