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

Key Points

• Hourglass Capital cut its Goldman Sachs stake by 12.3% in the third quarter, selling 1,614 shares and retaining 11,510 shares valued at approximately $10.36 million. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with earnings per share of $17.01 versus a $12.86 consensus estimate and revenue of $18.68 billion, up 23% year over year.
• The company declared a quarterly dividend of $5 per share, equivalent to $20 annually and a 2.2% yield. Analysts’ average rating remains “Hold,” with an average price target of $1,049.52.

Hourglass Capital LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,510 shares of the investment management company's stock after selling 1,614 shares during the quarter. The Goldman Sachs Group accounts for approximately 2.1% of Hourglass Capital LLC's investment portfolio, making the stock its 10th largest holding. Hourglass Capital LLC's holdings in The Goldman Sachs Group were worth $10,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strive Financial Group LLC boosted its holdings 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 purchasing an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. increased its position 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 purchasing an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Cherry Tree Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 100.0% in the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Finally, Clearstead Trust LLC purchased a new stake in The Goldman Sachs Group in the second quarter valued at $33,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 2.0%

NYSE:GS opened at $893.17 on Tuesday. The company has a market capitalization of $260.07 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29. 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, Inc. has a 52-week low of $754.00 and a 52-week high of $1,153.99. The stock has a fifty day simple moving average of $959.71 and a 200-day simple moving average of $958.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter last year, the business posted $12.25 earnings per share. The Goldman Sachs Group's revenue was up 23.0% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Insider Buying and Selling

In related news, insider Ericka Leslie sold 250 shares of the company'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 represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs and Morgan Stanley will lead the planned initial public offering of Anthropic, giving Goldman a potentially significant underwriting and advisory opportunity as investor interest in AI remains high. Coveted Roles in Anthropic’s Upcoming IPO Lift Goldman Sachs, Morgan Stanley
• Positive Sentiment: Analyst commentary highlights Goldman’s stronger investment-banking growth, trading momentum, solid third-quarter results and lower valuation relative to Morgan Stanley. Another research note cited potential upside of 21.6% and described GS as a buy based on earnings and valuation. Goldman or Morgan Stanley: Which Stock Is Better Bet Post Q3 Results? Buy GS and C on Solid Q3 Earnings, Attractive Valuation and Upside
• Positive Sentiment: Goldman led North American M&A advisers by transaction value, advising on approximately $510.5 billion of deals through the first three quarters of 2026, supporting its fee-generating investment-banking franchise. Goldman Sachs and Houlihan Lokey lead North American M&A financial advisers
• Positive Sentiment: Freedom Broker upgraded Goldman’s stock rating, while 35 ETFs reportedly added GS holdings, providing additional supportive sentiment and potential demand. Goldman Sachs Stock Rating Upgraded
• Neutral Sentiment: Goldman launched a Small Business AI Institute with a commitment of up to $500 million and support from Anthropic, Google, Meta and OpenAI. The initiative could deepen client relationships and create long-term growth, but also represents a substantial investment. What Does Goldman Sachs Gain From Its Small Business AI Push?
• Negative Sentiment: Goldman strategist warnings that AI’s economic boost may be nearing its peak, along with a sharp reduction in the firm’s KOSPI target amid AI valuation and volatility concerns, could weigh on risk appetite and raise questions about the sustainability of AI-related activity. AI’s boost to the U.S. economy is nearing its peak
• Negative Sentiment: Insider Ericka Leslie sold 250 GS shares for approximately $222,563, reducing her holdings by 2.28%. The relatively small transaction is unlikely to materially change Goldman’s fundamentals but may be viewed as a modest cautionary signal.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group set a $942.00 price objective on shares of The Goldman Sachs Group in a research note on Monday. Weiss Ratings cut The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 9th. HSBC lifted their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a "hold" rating in a report on Monday, September 28th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a "neutral" rating in a research note on Friday, October 16th. Finally, Citigroup restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $1,049.52.

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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