The Goldman Sachs Group, Inc. $GS Stock: Adams Diversified Equity Fund Inc. Decreases Stake

Key Points

• Adams Diversified Equity Fund reduced its Goldman Sachs stake by 22.2% in the third quarter, selling 8,100 shares and retaining 28,400 shares valued at approximately $25.57 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported a strong quarter, with EPS of $17.01 versus the $12.86 consensus and revenue of $18.68 billion, up 23% year over year. The company also declared a quarterly dividend of $5 per share, equivalent to a 2.2% yield.
• GS shares opened at $889.95, below their 50-day and 200-day moving averages, while analysts maintain a consensus “Hold” rating and an average price target of $1,050.32.

Adams Diversified Equity Fund Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,400 shares of the investment management company's stock after selling 8,100 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in The Goldman Sachs Group were worth $25,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Precedent Wealth Partners LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $268,000. Cadinha & Co. LLC increased its position in shares of The Goldman Sachs Group by 2.3% during the third quarter. Cadinha & Co. LLC now owns 1,965 shares of the investment management company's stock valued at $1,769,000 after buying an additional 45 shares during the period. Powell Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 0.4% during the third quarter. Powell Investment Advisors LLC now owns 6,619 shares of the investment management company's stock valued at $5,960,000 after buying an additional 25 shares during the period. E. Ohman J or Asset Management AB increased its position in shares of The Goldman Sachs Group by 1.5% during the third quarter. E. Ohman J or Asset Management AB now owns 10,521 shares of the investment management company's stock valued at $9,473,000 after buying an additional 160 shares during the period. Finally, Cardinal Point Capital Management ULC raised its stake in The Goldman Sachs Group by 16.3% in the third quarter. Cardinal Point Capital Management ULC now owns 1,644 shares of the investment management company's stock worth $1,480,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 1.6%

NYSE:GS opened at $889.95 on Friday. The firm's 50-day moving average price is $962.95 and its 200-day moving average price is $991.46. The company has a market capitalization of $259.13 billion, a PE ratio of 13.01, 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 current ratio of 1.10 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 1-year low of $744.66 and a 1-year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The company had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. During the same period last year, the business earned $12.25 EPS. The Goldman Sachs Group's quarterly revenue was up 23.0% compared to the same quarter last year. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 28.76%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman received a Zacks Rank #2 (Buy), reflecting improving earnings expectations. The upgrade adds support to the view that the stock’s recent weakness may offer value, particularly after the company’s latest quarterly earnings beat. Goldman upgraded to Buy
• Positive Sentiment: Goldman, JPMorgan and Morgan Stanley reportedly captured nearly 80% of top-five-bank equity-trading revenue this year, helped by strong hedge-fund demand for leveraged AI-related trades. This suggests favorable conditions for GS’s trading franchise, although the revenue environment may be cyclical. Banks dominating AI trading boom
• Positive Sentiment: Goldman’s recent quarterly results showed substantial upside to consensus estimates, with revenue also exceeding expectations and rising year over year. The results remain an important fundamental support for GS. Goldman earnings analysis
• Neutral Sentiment: Goldman research points to elevated short positioning in global equities and warns that a sharp rebound could trigger a short squeeze. That may create upside volatility for GS, but it also highlights fragile market conditions. Hedge fund short positioning
• Neutral Sentiment: Articles on Goldman’s housing, AI-labor, and gold-market forecasts increase attention around the firm’s research franchise but do not directly change GS earnings or guidance.
• Negative Sentiment: BMO Capital Markets lowered its expectations for GS shares, adding pressure to the stock after its strong earnings-driven run. BMO lowers Goldman expectations
• Negative Sentiment: Exchange-traded funds were reported as net sellers of GS, indicating near-term institutional supply that may be contributing to the stock’s decline. ETF selling of Goldman shares

Wall Street Analysts Forecast Growth

GS has been the subject of several research analyst reports. Rothschild & Co Redburn raised their price objective on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. BMO Capital Markets cut their price objective on The Goldman Sachs Group from $970.00 to $950.00 and set a "market perform" rating on the stock in a research report on Monday. Wall Street Zen downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating in a report on Sunday, September 13th. Loop Capital set a $1,050.00 target price on The Goldman Sachs Group in a research report on Thursday, October 8th. Finally, UBS Group lowered their target price on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a "neutral" rating for the company in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $1,050.32.

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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