Mn Services Vermogensbeheer B.V. Purchases 1,300 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Mn Services Vermogensbeheer B.V. increased its Goldman Sachs stake by 1.5%, purchasing 1,300 shares to hold 87,249 shares valued at approximately $78.6 million. Institutional investors collectively own 71.21% of GS.
• Analyst sentiment is mixed, with 11 Buy, 12 Hold, and one Sell rating; the consensus is Hold with a target price of $1,055.09.
• Goldman Sachs reported strong quarterly results, including $20.98 in earnings per share and $20.34 billion in revenue, while raising its quarterly dividend to $5.00 per share, or a 2.3% annualized yield.

Mn Services Vermogensbeheer B.V. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,249 shares of the investment management company's stock after purchasing an additional 1,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in The Goldman Sachs Group were worth $78,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GS. BlackRock Inc. purchased a new position in The Goldman Sachs Group in the second quarter valued at $24,172,123,000. State Street Corp boosted its stake in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company's stock worth $17,197,444,000 after acquiring an additional 394,198 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth about $6,756,772,000. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at about $69,537,544,000. Finally, Corient Private Wealth LLC grew its position in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock valued at $2,282,312,000 after acquiring an additional 2,448,767 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group in a research report on Wednesday, July 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a report on Tuesday, June 30th. Wells Fargo & Company dropped their target price on shares of 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. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Finally, Barclays raised their price target on shares of 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. Eleven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $1,055.09.

The Goldman Sachs Group Stock Down 0.6%

Shares of NYSE:GS opened at $882.26 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99. The stock has a market cap of $256.89 billion, a P/E ratio of 13.62, a PEG ratio of 0.97 and a beta of 1.29. The business has a fifty day moving average of $992.83 and a two-hundred day moving average of $987.89. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the previous year, the firm earned $10.91 EPS. The company's quarterly revenue was up 39.4% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 67.48 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were given a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio is presently 30.87%.

More The Goldman Sachs Group News

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

• Positive Sentiment: TD Cowen initiated coverage of GS with a Buy rating and a $1,050 price target, implying meaningful upside from recent levels and providing a new bullish analyst view.
• Positive Sentiment: Goldman’s planned special equity awards of more than $500 million for CEO David Solomon and other senior executives reflect strong five-year performance relative to many rivals. However, the size of the payout could also raise shareholder concerns about compensation. Goldman to pay top executives $500mn in special bonuses
• Neutral Sentiment: Investors are reviewing analyst projections for Goldman’s September-quarter revenue, earnings and operating metrics ahead of results. The previews offer potential catalysts but do not provide new company-reported figures. Seeking Clues to Goldman Q3 Earnings
• Neutral Sentiment: Goldman’s market capitalization briefly fell below Canada’s Royal Bank of Canada after RBC’s decade of growth, highlighting increasing competition among global financial institutions but having limited direct impact on GS fundamentals.
• Neutral Sentiment: Goldman upgraded Occidental Petroleum to Buy and adjusted its Sunrun price target to $11 while retaining a Buy rating. These calls may support the firm’s investment-banking and research franchise, but they do not materially change GS earnings expectations.
• Negative Sentiment: Higher bond yields have contributed to a broad sell-off in Goldman and other financial stocks, reducing investor appetite for risk and pressuring GS valuation.
• Negative Sentiment: Citi reportedly moved ahead of Goldman in global IPO underwriting rankings after winning several major listings. Losing the long-held leadership position could raise concerns about future equity-capital-markets fees and deal flow. Is Goldman Sachs Losing Its Grip On Global IPO Underwriting?
• Negative Sentiment: A breach at EY exposed data involving some Goldman wealth-management clients. Goldman says its own systems were not affected and client assets remain safe, limiting the direct impact but creating reputational and client-confidence risks.
• Negative Sentiment: UBS lowered its expectations for GS’s share price, adding to the cautious analyst sentiment surrounding the stock.

The Goldman Sachs Group Company 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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