The Goldman Sachs Group, Inc. $GS Stock: Rakuten Investment Management Inc. Raises Stake

Key Points

• Rakuten Investment Management increased its Goldman Sachs stake by 8.8% in the third quarter, adding 4,260 shares to hold 52,511 shares valued at about $48.1 million. Institutional investors and hedge funds own 71.21% of the stock.
• Goldman Sachs reported quarterly EPS of $17.01, beating the $12.86 consensus, while revenue rose 23% year over year to $18.68 billion, also above estimates.
• The company announced a $5 quarterly dividend, equivalent to $20 annually and a 2.2% yield. Analysts’ consensus rating is “Hold,” with an average price target of $1,052.04.

Rakuten Investment Management Inc. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,511 shares of the investment management company's stock after purchasing an additional 4,260 shares during the quarter. Rakuten Investment Management Inc.'s holdings in The Goldman Sachs Group were worth $48,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. BlackRock Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $24,172,123,000. Bank of America Corp DE bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $6,756,772,000. Orange County Employees Retirement System acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at approximately $69,537,544,000. Bank of New York Mellon Corp acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at approximately $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $2,024,921,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 0.5%

Shares of The Goldman Sachs Group stock opened at $894.43 on Wednesday. The business has a fifty day simple moving average of $941.95 and a 200-day simple moving average of $957.66. 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 firm has a market cap of $260.43 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.85 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 (NYSE:GS - Get Free Report) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same period in the previous year, the company earned $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 analysts forecast 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 disclosed 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 of this dividend 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 currently 28.76%.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. UBS Group reduced their price target on The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a "neutral" rating for the company in a research report on Monday. Zacks Research lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. HSBC upped their price objective on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a "hold" rating in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the company a "neutral" rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $1,052.04.

More 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

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka Leslie sold 250 shares of the business'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 value of $222,562.50. Following the sale, the insider directly owned 10,710 shares in the company, valued at $9,534,577.50. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Solomon sold 12,000 shares of the stock in a transaction that occurred 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. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,500 shares of company stock worth $11,380,508 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

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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