The Goldman Sachs Group, Inc. $GS Shares Sold by Focused Investors LLC

Key Points

• Focused Investors LLC cut its Goldman Sachs stake by 16.1% in the third quarter, selling 39,300 shares; it retained 204,700 shares, still its third-largest portfolio holding. Institutional investors and hedge funds own 71.21% of GS.
• Goldman reported stronger-than-expected quarterly results: earnings of $17.01 per share and revenue of $18.68 billion, with revenue up 23% year over year. The company also announced a $5 quarterly dividend, equivalent to a 2.2% yield.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $1,052.04. Goldman is also reportedly discussing a controlling stake in a South Korean mobility app, though no deal terms or likelihood have been disclosed.

Focused Investors LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,700 shares of the investment management company's stock after selling 39,300 shares during the period. The Goldman Sachs Group comprises about 7.6% of Focused Investors LLC's portfolio, making the stock its 3rd largest holding. Focused Investors LLC owned 0.07% of The Goldman Sachs Group worth $184,304,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GS. Garner Asset Management Corp raised its stake in The Goldman Sachs Group by 12.7% in the 3rd quarter. Garner Asset Management Corp now owns 240 shares of the investment management company's stock valued at $214,000 after acquiring an additional 27 shares during the period. CrossGen Wealth LLC lifted its holdings in The Goldman Sachs Group by 1.2% during the 3rd quarter. CrossGen Wealth LLC now owns 3,986 shares of the investment management company's stock valued at $3,588,000 after purchasing an additional 48 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super boosted its position in The Goldman Sachs Group by 12,426.7% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 25,304 shares of the investment management company's stock worth $22,783,000 after purchasing an additional 25,102 shares during the period. Legacy Wealth Management LLC MS boosted its position in The Goldman Sachs Group by 33.5% during the third quarter. Legacy Wealth Management LLC MS now owns 271 shares of the investment management company's stock worth $244,000 after purchasing an additional 68 shares during the period. Finally, Bauman Advisory Group LLC bought a new position in The Goldman Sachs Group during the third quarter worth $293,000. 71.21% of the stock is currently 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:

• 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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GS. Citigroup restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 14th. Bank of America upped their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Weiss Ratings cut shares of The Goldman Sachs Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. Barclays increased 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 report on Wednesday, July 15th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average price target of $1,052.04.

Insider Activity at The Goldman Sachs Group

In other news, insider Ericka Leslie sold 250 shares of the company's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total transaction 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. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Solomon sold 12,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This represents a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,500 shares of company stock valued at $11,380,508 over the last 90 days. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 0.5%

Shares of NYSE GS opened at $894.43 on Wednesday. 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, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99. The stock has a market capitalization of $260.43 billion, a P/E ratio of 12.86, a PEG ratio of 0.85 and a beta of 1.29. The stock's fifty day moving average is $941.95 and its 200 day moving average is $957.66.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping the consensus estimate of $12.86 by $4.15. The business had revenue of $18.68 billion during 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 Goldman Sachs Group's revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.25 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a $5.00 dividend. 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 payout ratio is presently 28.76%.

The Goldman Sachs Group Profile

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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