Strategy Asset Managers LLC Sells 1,216 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Strategy Asset Managers LLC reduced its Goldman Sachs stake by 84.3% in the third quarter, selling 1,216 shares and retaining 226 shares valued at approximately $204,000. Institutional investors and hedge funds collectively own 71.21% of GS.
• Goldman Sachs reported strong third-quarter results, with EPS of $17.01 and revenue of $18.68 billion, surpassing estimates and marking 23% year-over-year revenue growth.
• The company declared a $5 quarterly dividend, equivalent to a $20 annualized payout and a 2.2% yield, while analysts maintain a consensus “Hold” rating amid concerns that valuation and restrictive interest rates could limit further upside.

Strategy Asset Managers LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 84.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226 shares of the investment management company's stock after selling 1,216 shares during the period. Strategy Asset Managers LLC's holdings in The Goldman Sachs Group were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GS. Turim 21 Investimentos Ltda. acquired a new position in The Goldman Sachs Group in the first quarter valued at about $25,000. Strive Financial Group LLC grew its position in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock worth $25,000 after buying an additional 19 shares during the period. BOK Financial Private Wealth Inc. grew its position in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock worth $26,000 after buying an additional 17 shares during the period. Steph & Co. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $27,000. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. 71.21% of the stock is owned by institutional investors and hedge funds.

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 Trading Up 1.5%

NYSE:GS 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 business's 50-day simple moving average is $977.91 and its 200-day simple moving average is $990.11. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The stock has a market capitalization of $259.58 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29.

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

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group's payout ratio is presently 28.76%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of analyst reports. Oppenheimer downgraded shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research report on Tuesday, June 30th. Weiss Ratings cut shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 9th. Citigroup restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Wednesday. HSBC upped their target price on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a "hold" rating in a research note on Monday, September 28th. Finally, Evercore reiterated an "outperform" rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $1,050.55.

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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