The Goldman Sachs Group, Inc. $GS Stock Sold by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division reduced its Goldman Sachs stake by 61.1% in the third quarter, selling 1,883 shares and retaining 1,198 shares valued at approximately $1.08 million. Other institutional investors increased their positions, while institutions collectively own 71.21% of GS stock.
• Goldman Sachs reported strong quarterly results, with earnings per share of $20.98 and revenue of $20.34 billion, substantially exceeding analyst estimates; revenue rose 39.4% year over year. The company also raised its quarterly dividend to $5.00, or $20.00 annually, yielding about 2.2%.
• Analyst sentiment remains cautious: GS has a consensus “Hold” rating and an average price target of $1,055.60, with several firms recently lowering their targets despite expectations for continued earnings growth.

Central Pacific Bank Trust Division cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 61.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,198 shares of the investment management company's stock after selling 1,883 shares during the quarter. Central Pacific Bank Trust Division's holdings in The Goldman Sachs Group were worth $1,079,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GS. Rosenberg Matthew Hamilton grew its holdings in shares of The Goldman Sachs Group by 5.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,165 shares of the investment management company's stock valued at $1,049,000 after purchasing an additional 57 shares during the last quarter. Park National Corp OH raised its position in The Goldman Sachs Group by 45.0% in the 3rd quarter. Park National Corp OH now owns 474 shares of the investment management company's stock worth $427,000 after purchasing an additional 147 shares during the period. Baker Tilly Wealth Management LLC lifted its stake in The Goldman Sachs Group by 37.0% in the third quarter. Baker Tilly Wealth Management LLC now owns 559 shares of the investment management company's stock worth $503,000 after purchasing an additional 151 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in The Goldman Sachs Group by 8.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,241 shares of the investment management company's stock valued at $1,117,000 after buying an additional 98 shares during the period. Finally, Rockland Trust Co. boosted its position in The Goldman Sachs Group by 3.1% during the third quarter. Rockland Trust Co. now owns 567 shares of the investment management company's stock valued at $511,000 after buying an additional 17 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS opened at $897.76 on Wednesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $261.40 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. The stock's 50 day moving average price is $997.52 and its 200-day moving average price is $986.86. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm's revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the firm posted $10.91 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 68.31 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were given a $5.00 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio is currently 30.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GS shares. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an "overweight" rating on the stock in a report on Friday, September 25th. Citigroup dropped their target price on The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a "neutral" rating for the company in a report on Wednesday, September 23rd. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 15th. UBS Group decreased their price target on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group in a research report on Wednesday, July 15th. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1,055.60.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs’ current valuation still implies potential upside: analyst targets cited by TIKR and BMO remain above the stock’s recent trading level, while Wall Street expects earnings growth. However, the roughly 5% annualized return implied by the consensus target suggests limited near-term upside relative to the risks. Goldman Sachs ROE target and stock outlook
• Positive Sentiment: Goldman Sachs’ prior quarterly performance was strong, with revenue and earnings substantially exceeding consensus estimates. The upcoming earnings release is therefore an important potential catalyst if the firm can demonstrate continued strength in investment banking, trading, and asset management.
• Neutral Sentiment: Management has not yet raised its 14%–16% through-the-cycle return-on-equity target. This preserves the existing target but signals that Goldman is not ready to promise stronger long-term profitability, limiting enthusiasm ahead of earnings. Goldman Sachs ROE outlook
• Neutral Sentiment: Goldman Sachs research remains constructive on broader equities and expects the S&P 500 could reach a record high before year-end, but that view does not directly improve GS’s earnings outlook. Goldman Sachs S&P 500 outlook
• Negative Sentiment: BMO Capital Markets lowered its GS price target to $970 from $972 and maintained a “market perform” rating. UBS also reportedly cut its target to $1,010 from $1,150 with a neutral rating, reinforcing concerns that the stock’s valuation and earnings outlook require greater caution. BMO cuts Goldman Sachs price target
• Negative Sentiment: Goldman Sachs and Man Group were identified as victims of an EY data breach. Although the reports do not indicate a direct financial loss for GS, the disclosure creates reputational, cybersecurity, and potential client-risk concerns. Goldman Sachs and Man Group exposed in EY data breach
• Negative Sentiment: Zacks cautioned that Goldman may lack the conditions needed for an earnings beat, increasing downside risk if upcoming results or guidance disappoint. Goldman Sachs earnings expectations

The Goldman Sachs Group Company Profile

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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