The Goldman Sachs Group, Inc. $GS Stock: Courier Capital LLC Cuts Holdings

Key Points

• Courier Capital LLC cut its Goldman Sachs stake by 42.3% in the third quarter, selling 1,586 shares and retaining 2,160 shares valued at approximately $1.95 million. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported a strong quarter, with EPS of $17.01 and revenue of $18.68 billion, both exceeding estimates. Equities-trading revenue surged 72% to $6.44 billion, while investment-banking fees rose 21%, though fixed-income and rates trading underperformed forecasts.
• Shares recently traded down 0.2% at $892.43, below their 50- and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $1,055.09.

Courier Capital LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 42.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,160 shares of the investment management company's stock after selling 1,586 shares during the period. Courier Capital LLC's holdings in The Goldman Sachs Group were worth $1,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Turim 21 Investimentos Ltda. purchased a new position in The Goldman Sachs Group during the first quarter worth $25,000. Strive Financial Group LLC lifted its position in shares of The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock valued at $25,000 after acquiring an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. increased its position in 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 purchasing an additional 17 shares in the last quarter. Steph & Co. purchased a new stake in The Goldman Sachs Group during the 1st quarter worth about $27,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in The Goldman Sachs Group during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman reported diluted EPS of $17.01 versus the $12.86 consensus estimate, while revenue rose 23% year over year to $18.68 billion, exceeding expectations of $16.83 billion. Net income increased 29% to $5.29 billion. Goldman Sachs quarterly profit rises on equities strength
• Positive Sentiment: The key earnings catalyst was a 72% surge in equities-trading revenue to $6.44 billion. Investment-banking fees also grew 21% as underwriting and deal activity improved, reinforcing investor confidence in Goldman’s trading and dealmaking franchise. Goldman Q3 Earnings Beat on Strong Equities and IB Revenues
• Positive Sentiment: Goldman returned $4.49 billion to shareholders, including $3 billion in repurchases, and declared a $5 per-share dividend payable in December. CEO David Solomon said the firm is well positioned despite global uncertainty.
• Neutral Sentiment: Management highlighted long-term opportunities in AI infrastructure financing, but warned that the sector faces a potential trillion-dollar funding requirement and possible election-related political volatility around data centers. AI Boom Faces a Trillion-Dollar Financing Test
• Negative Sentiment: Fixed-income and rates trading fell short of Wall Street forecasts, creating a notable offset to the equities performance. Total revenue also declined sequentially from the second quarter.
• Negative Sentiment: Weak semiconductor shares and concerns about AI spending and Chinese competition pressured the broader Nasdaq and risk appetite, weighing on the market’s response to Goldman’s results. Persistent inflation, elevated interest rates and geopolitical risks remain additional concerns for bank earnings.

The Goldman Sachs Group Trading Down 0.2%

Shares of The Goldman Sachs Group stock traded down $1.52 during trading hours on Tuesday, reaching $892.43. 4,936,975 shares of the company's stock were exchanged, compared to its average volume of 2,213,654. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99. The company has a fifty day moving average of $987.67 and a 200-day moving average of $988.75. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $259.85 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating analysts' consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $12.25 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 67.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. Citigroup cut their target price on shares of The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a "neutral" rating for the company in a research note on Wednesday, September 23rd. Evercore reaffirmed an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. BMO Capital Markets lowered their price target on shares of The Goldman Sachs Group from $972.00 to $970.00 and set a "market perform" rating for the company in a report on Tuesday, October 6th. Barclays lifted 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 report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $1,055.09.

About The Goldman Sachs Group

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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