First Nebraska Trust Co Buys New Shares in The Goldman Sachs Group, Inc. $GS

Key Points

• First Nebraska Trust Co. initiated a Goldman Sachs position in the third quarter, buying 1,240 shares valued at about $1.12 million. Institutional investors collectively own 71.21% of the company’s stock.
• Goldman insiders reported selling 12,500 shares worth roughly $11.38 million over the past 90 days, including CEO David Solomon’s sale of 12,000 shares.
• The latest quarterly results beat estimates: earnings were $17.01 per share versus a $12.86 consensus, while revenue rose 23% year over year. Goldman also declared a $5 quarterly dividend per share.

First Nebraska Trust Co purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,240 shares of the investment management company's stock, valued at approximately $1,116,000.

Several other hedge funds have also made changes to their positions in GS. Sky Investment Group LLC boosted its stake in The Goldman Sachs Group by 0.9% in the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock worth $1,181,000 after purchasing an additional 10 shares during the period. Warren Street Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 3.9% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock valued at $272,000 after purchasing an additional 10 shares during the period. Meadow Creek Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock valued at $569,000 after purchasing an additional 11 shares during the period. DecisionMap Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 3.2% in the second quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock valued at $354,000 after purchasing an additional 11 shares in the last quarter. Finally, Millstone Evans Group LLC lifted its holdings in shares of The Goldman Sachs Group by 3.7% in the first quarter. Millstone Evans Group LLC now owns 337 shares of the investment management company's stock valued at $285,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Ericka T. Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the sale, the insider owned 10,710 shares of the company's stock, valued at approximately $9,534,577.50. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 12,000 shares of the company's stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the sale, the chief executive officer owned 159,180 shares of the company's stock, valued at $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 12,500 shares of company stock worth $11,380,508. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group News Roundup

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

• Neutral Sentiment: Goldman is reportedly in talks to acquire a controlling stake in a South Korean mobility app. The discussions could support expansion into a new business, but terms and the likelihood of a deal have not been disclosed. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Negative Sentiment: UBS lowered its price target on GS from $1,010 to $1,000 and maintained a Neutral rating, a modestly cautious signal from an analyst. Article: UBS Group price target update
• Negative Sentiment: The SPDR Dow Jones Industrial Average ETF reportedly sold its GS holding on Oct. 30 as it reduced all 30 positions. The sale may add some flow pressure, though it appears part of a broad portfolio reduction rather than a company-specific move. Article: SPDR Dow Jones Industrial Average ETF Sells Goldman Sachs
• Negative Sentiment: Goldman is restricting access to some AI coding tools largely to engineers and quantitative specialists, reversing broader employee access. The move reflects risk controls, but could temper expectations for productivity gains from widespread employee use of AI tools. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

Analysts Set New Price Targets

Several brokerages have recently commented on GS. Citigroup reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. Wells Fargo & Company dropped 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. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Barclays raised their price objective on 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. Finally, Freedom Broker raised The Goldman Sachs Group from a "hold" rating to a "buy" rating and lowered their target price for the company from $1,200.00 to $1,100.00 in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $1,052.04.

The Goldman Sachs Group Trading Down 0.5%

NYSE:GS opened at $894.43 on Wednesday. The stock's 50 day moving average price is $941.95 and its 200 day moving average price is $957.66. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The company has a market capitalization of $260.43 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.85 and a beta of 1.29. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share 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 net margin of 15.77% and a return on equity of 19.55%. The company's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $12.25 earnings per share. On average, research analysts forecast 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. 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 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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