The Goldman Sachs Group, Inc. $GS Stake Lessened by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors cut its Goldman Sachs stake by 27.5% in the third quarter, selling 1,991 shares and ending with 5,259 shares valued at about $4.74 million.
• Goldman reported quarterly EPS of $17.01, beating estimates of $12.86, while revenue rose 23% year over year to $18.68 billion. The company announced a $5 quarterly dividend, equivalent to a 2.2% yield.
• Analysts’ consensus rating is Hold, with an average price target of $1,052.04. Insiders sold 12,500 shares worth about $11.38 million over the past 90 days.

IPG Investment Advisors LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 27.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,259 shares of the investment management company's stock after selling 1,991 shares during the quarter. IPG Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $4,735,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strive Financial Group LLC lifted its position in The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock valued at $25,000 after buying an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. grew its stake in The Goldman Sachs Group by 188.9% during the second 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. Turim 21 Investimentos Ltda. purchased a new stake in The Goldman Sachs Group during the first quarter worth approximately $25,000. Cherry Tree Wealth Management LLC grew its stake in The Goldman Sachs Group by 100.0% during the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock worth $27,000 after buying an additional 15 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter worth $33,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Ericka Leslie sold 250 shares of the firm's stock in a transaction 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 directly owned 10,710 shares of the company's stock, valued at approximately $9,534,577.50. This trade represents 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 Solomon sold 12,000 shares of the firm's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the sale, the chief executive officer directly owned 159,180 shares of the company's stock, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,500 shares of company stock valued at $11,380,508 over the last 90 days. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC raised 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. Barclays upped their price target on shares of 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. TD Cowen began coverage on The Goldman Sachs Group in a report on Thursday, October 8th. They issued a "buy" rating and a $1,050.00 price target for the company. Freedom Broker raised The Goldman Sachs Group from a "hold" rating to a "buy" rating and cut their price objective for the company from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. Finally, UBS Group cut their price objective on The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a "neutral" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,052.04.

The Goldman Sachs Group Stock Down 0.5%

NYSE GS opened at $894.43 on Wednesday. The stock has a market cap of $260.43 billion, a PE ratio of 12.86, a P/E/G ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The business has a 50 day moving average price of $941.95 and a two-hundred day moving average price of $957.66. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82.

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 (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the company earned $12.25 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 paid 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 dividend payout ratio is 28.76%.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Company 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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