The Goldman Sachs Group, Inc. $GS Stock Sold by RWQ Financial Management Services Inc.

Key Points

• RWQ Financial Management Services cut its Goldman Sachs position by 31.7% in the third quarter, selling 2,245 shares and retaining 4,840 shares valued at approximately $4.36 million. Institutional investors collectively own 71.21% of GS.
• Analyst sentiment remains cautious, with an average “Hold” rating and a consensus price target of $1,051.23; UBS and Wall Street Zen recently downgraded or lowered their outlooks.
• Goldman Sachs reported strong quarterly results, posting EPS of $17.01 versus the $12.86 consensus and revenue of $18.68 billion. The company also declared a quarterly dividend of $5 per share, representing a 2.3% yield.

RWQ Financial Management Services Inc. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,840 shares of the investment management company's stock after selling 2,245 shares during the quarter. The Goldman Sachs Group comprises about 2.4% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 20th biggest position. RWQ Financial Management Services Inc.'s holdings in The Goldman Sachs Group were worth $4,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richards Merrill & Peterson Inc. raised its holdings in shares of The Goldman Sachs Group by 20.8% in the third quarter. Richards Merrill & Peterson Inc. now owns 377 shares of the investment management company's stock valued at $339,000 after acquiring an additional 65 shares in the last quarter. Washburn Capital Management Inc. lifted its stake in The Goldman Sachs Group by 7.2% in the third quarter. Washburn Capital Management Inc. now owns 774 shares of the investment management company's stock worth $697,000 after acquiring an additional 52 shares during the period. Talbot Financial LLC lifted its stake in The Goldman Sachs Group by 2.0% in the third quarter. Talbot Financial LLC now owns 48,808 shares of the investment management company's stock worth $43,945,000 after acquiring an additional 971 shares during the period. OceanIQ Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth about $396,000. Finally, Herold Advisors Inc. grew its holdings in The Goldman Sachs Group by 8.7% during the 3rd quarter. Herold Advisors Inc. now owns 1,984 shares of the investment management company's stock worth $1,786,000 after acquiring an additional 159 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GS shares. Citigroup reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. HSBC upped their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a "hold" rating in a research report on Monday, September 28th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, UBS Group cut their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $1,051.23.

The Goldman Sachs Group Stock Down 0.5%

Shares of NYSE GS traded down $4.39 during mid-day trading on Monday, reaching $876.87. 1,130,686 shares of the company were exchanged, compared to its average volume of 2,216,984. The Goldman Sachs Group, Inc. has a 1 year low of $743.11 and a 1 year high of $1,153.99. The firm has a 50-day moving average of $974.71 and a 200 day moving average of $990.62. The stock has a market cap of $255.32 billion, a price-to-earnings ratio of 12.60, a P/E/G 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 posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $12.25 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 69.57 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group's payout ratio is 28.76%.

The Goldman Sachs Group News Roundup

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 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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