The Goldman Sachs Group, Inc. $GS Stock Sold by BDF Gestion

Key Points

• BDF Gestion cut its Goldman Sachs position by 31.8% in the third quarter, selling 2,012 shares and retaining 4,308 shares valued at approximately $3.9 million. Institutional investors and hedge funds collectively own 71.21% of GS shares.
• Goldman Sachs reported strong quarterly results, with earnings per share of $17.01 and revenue of $18.68 billion, exceeding analyst estimates and representing 23% year-over-year revenue growth.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $1,051.23. GS recently traded near $878.83, while the company declared a quarterly dividend of $5.00 per share, equal to a 2.3% annualized yield.

BDF Gestion lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,308 shares of the investment management company's stock after selling 2,012 shares during the quarter. BDF Gestion's holdings in The Goldman Sachs Group were worth $3,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sky Investment Group LLC increased its position in The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock worth $1,181,000 after purchasing an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock worth $272,000 after buying an additional 10 shares during the last quarter. First Financial Group Corp raised its position in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock valued at $208,000 after buying an additional 11 shares in the last quarter. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock valued at $569,000 after acquiring an additional 11 shares during the last quarter. Finally, DecisionMap Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 3.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock valued at $354,000 after acquiring an additional 11 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Cowen started coverage on The Goldman Sachs Group in a research note on Thursday, October 8th. They set a "buy" rating and a $1,050.00 price objective on the stock. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Barclays raised their target price 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. Royal Bank Of Canada cut their price target on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 14th. Finally, Citigroup reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,051.23.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs upgraded AI infrastructure provider CoreWeave to Buy from Neutral. Although the bank reduced its price target to $106 from $139, the upgrade signals confidence that project financing will remain available despite elevated borrowing costs and could support Goldman’s research reputation and client activity. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls to $106 From $139
• Positive Sentiment: Dangote Cement appointed Goldman Sachs and UBS for a planned $1 billion London listing. The mandate could generate underwriting and advisory fees while reinforcing Goldman’s position in international equity capital markets. Dangote Cement Adds Goldman Sachs and UBS for Planned $1bn London Listing
• Positive Sentiment: Goldman Sachs CEO David Solomon highlighted tokenization of bonds, money-market funds and real estate as a potential new revenue stream. Progress in digital-asset infrastructure could provide longer-term growth opportunities beyond traditional banking. Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
• Positive Sentiment: JPMorgan reportedly raised its price target for GS, providing an additional favorable signal from the analyst community. The Goldman Sachs Group Stock Gets Price Target Boost from JPMorgan Chase
• Neutral Sentiment: Goldman recommended several unloved consumer-facing stocks over large technology companies, reflecting a broader market-allocation view rather than a direct change to GS’s earnings outlook. Big Tech Is Wobbling: Goldman Sachs Says It’s Time to Buy These 23 Unloved Stocks Instead
• Negative Sentiment: Goldman’s caution that Micron may lag other memory-chip stocks could weigh modestly on perceptions of its technology-sector outlook, although the commentary has no direct material impact on GS’s financial results. Memory Stocks Rally as Tech Selloff Unwinds

The Goldman Sachs Group Trading Down 0.3%

Shares of GS traded down $2.43 during trading hours on Monday, reaching $878.83. 989,809 shares of the company traded hands, compared to its average volume of 2,215,550. The firm has a market cap of $255.89 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $743.11 and a 12-month high of $1,153.99. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The stock's fifty day moving average price is $974.71 and its 200 day moving average price is $990.62.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 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 for the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter last year, the firm posted $12.25 EPS. The firm's revenue was up 23.0% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 69.57 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group's dividend payout ratio is currently 28.76%.

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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