The Goldman Sachs Group, Inc. $GS Stock Sold by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance cut its Goldman Sachs stake by 10.4% in the third quarter, selling 2,950 shares and retaining 25,350 shares valued at $22.8 million.
• Goldman insiders sold 12,500 shares worth about $11.4 million over the past 90 days, including CEO David Solomon, who sold 12,000 shares.
• Analysts have a consensus Hold rating and an average price target of $1,052.04. Goldman’s latest reported quarterly results beat estimates, with earnings per share of $17.01 and revenue up 23% year over year.

Factory Mutual Insurance Co. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,350 shares of the investment management company's stock after selling 2,950 shares during the quarter. Factory Mutual Insurance Co.'s holdings in The Goldman Sachs Group were worth $22,824,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GS. Turim 21 Investimentos Ltda. purchased a new position in shares of The Goldman Sachs Group in the first quarter worth $25,000. Strive Financial Group LLC raised its holdings in 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 valued at $25,000 after buying an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. raised its holdings 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 valued at $26,000 after buying an additional 17 shares during the last quarter. Cherry Tree Wealth Management LLC boosted its position in The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company's stock valued at $27,000 after buying an additional 15 shares during the period. Finally, Clearstead Trust LLC purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 100 shares of the firm's stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total transaction of $92,628.00. Following the completion of the transaction, the insider owned 10,460 shares of the company's stock, valued at approximately $9,688,888.80. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David M. Solomon sold 12,000 shares of the business's stock in a transaction 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 owned 159,180 shares in the company, valued at approximately $144,968,409.60. This trade represents a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,500 shares of company stock worth $11,380,508 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 18th. Keefe, Bruyette & Woods dropped their target price on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a "market perform" rating for the company in a report on Wednesday, October 14th. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an "overweight" rating for the company in a report on Friday, September 25th. Finally, HSBC raised their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a "hold" rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $1,052.04.

The Goldman Sachs Group News Roundup

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

The Goldman Sachs Group Stock Performance

Shares of GS opened at $894.43 on Wednesday. The company has a 50-day simple moving average of $941.95 and a two-hundred day simple moving average of $957.66. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63. The firm has a market capitalization of $260.43 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a one year low of $754.00 and a one year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share 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 the consensus estimate of $16.83 billion. During the same quarter in the prior year, the business earned $12.25 EPS. The business's revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 70.89 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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. The ex-dividend date 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%.

The Goldman Sachs Group 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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