CX Institutional Sells 8,811 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• CX Institutional cut its Goldman Sachs stake by 77.6% in the third quarter, selling 8,811 shares and retaining 2,550 shares valued at approximately $2.3 million. Institutional investors collectively own 71.21% of GS.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from 23 analysts and an average price target of $1,073.60; ratings range from Buy to Sell.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 beating estimates and revenue rising 39.4% year over year. The company also raised its quarterly dividend to $5.00, implying a $20.00 annual payout and a 2.2% yield.

CX Institutional reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 77.6% in 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 2,550 shares of the investment management company's stock after selling 8,811 shares during the period. CX Institutional's holdings in The Goldman Sachs Group were worth $2,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GoalVest Advisory LLC increased its holdings in shares of The Goldman Sachs Group by 431.6% during the third quarter. GoalVest Advisory LLC now owns 17,586 shares of the investment management company's stock worth $15,834,000 after buying an additional 14,278 shares in the last quarter. Private Client Services LLC boosted its holdings in shares of The Goldman Sachs Group by 19.7% during the 3rd quarter. Private Client Services LLC now owns 353 shares of the investment management company's stock valued at $318,000 after acquiring an additional 58 shares in the last quarter. Cim Investment Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $1,781,000. QRG Capital Management Inc. grew its position in The Goldman Sachs Group by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 73,537 shares of the investment management company's stock worth $74,373,000 after acquiring an additional 8,560 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in The Goldman Sachs Group by 14.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company's stock worth $17,606,000 after acquiring an additional 2,230 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on GS shares. BMO Capital Markets increased their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a research report on Wednesday, July 15th. Oppenheimer cut The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a report on Tuesday, June 30th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a research note on Wednesday, July 15th. Zacks Research lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Finally, UBS Group boosted their price objective on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,073.60.

The Goldman Sachs Group Stock Performance

GS opened at $903.66 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The company has a market cap of $263.12 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.92 and a beta of 1.29. The company's fifty day moving average price is $1,003.32 and its two-hundred day moving average price is $984.26. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analysts' expectations of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business's revenue was up 39.4% on a year-over-year basis. During the same period last year, the company earned $10.91 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 68.98 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were paid a $5.00 dividend. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date was Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is 30.87%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs increased its quarterly dividend for the second time this year. The move reflects strong recent earnings, a solid capital position and management confidence, although future increases will depend on sustained profitability. Goldman Sachs Boosted Its Dividend Again: What Comes Next?
• Positive Sentiment: Redemption requests at Goldman Sachs Private Credit Corp. fell to 2% of shares outstanding in the third quarter, its third consecutive quarter below the 5% limit. Lower withdrawals reduce liquidity concerns surrounding the firm’s private-credit platform. Goldman Sachs private credit BDC redemptions come in below 5% again in Q3
• Neutral Sentiment: The Federal Reserve’s proposed stress-test changes could reduce volatility in banks’ capital requirements and improve planning visibility for GS, though the ultimate impact on required capital and shareholder returns remains uncertain. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Goldman committed up to £500 million to Quantum Development Finance, taking its potential exposure to £700 million to support smaller U.K. homebuilders. The deal expands lending activity but also increases credit exposure to a property-finance niche. Goldman commits £500m to SME housebuilding lender Quantum
• Negative Sentiment: Reports that CEO David Solomon’s succession planning has stalled, despite retention awards for potential successors, add uncertainty around management continuity. John Waldron remains a leading candidate, but the lack of a clear timetable may weigh on investor confidence. Goldman Sachs CEO succession plans hit a wall
• Negative Sentiment: Market commentary characterized GS as having entered bear-market territory after its recent decline. That technical weakness can reinforce selling pressure, particularly while investors question whether elevated investment-banking and trading earnings are sustainable. Goldman Sachs stock enters bear market territory

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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