Kingsman Wealth Management Inc. Acquires 1,092 Shares of The Goldman Sachs Group, Inc. $GS

Kingsman Wealth Management Inc. grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 24.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,551 shares of the investment management company’s stock after purchasing an additional 1,092 shares during the quarter. The Goldman Sachs Group makes up 2.5% of Kingsman Wealth Management Inc.’s investment portfolio, making the stock its 12th largest position. Kingsman Wealth Management Inc.’s holdings in The Goldman Sachs Group were worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC increased its position in The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. Norges Bank acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $2,138,031,000. Ninety One UK Ltd bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $408,780,000. AGF Management Ltd. lifted its holdings in The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after purchasing an additional 466,187 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in The Goldman Sachs Group by 100,678.6% during the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after purchasing an additional 403,721 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. UBS Group lifted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. HSBC upped their price target on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Finally, Daiwa Capital Markets raised their price objective on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $792.67.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman is co-leading financing for privately owned Texas power campuses that will supply up to 5 GW for AI data centers — a sizeable corporate lending/arranging win that supports fee income and strengthens GS’s role in energy/AI infrastructure finance. Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites
• Positive Sentiment: Keefe Bruyette raised its price target on GS to $971 (from $870) after conference discussions, signaling analyst confidence in GS’s revenue outlook and supporting valuation. Keefe Bruyette Updates Goldman Sachs Outlook
• Positive Sentiment: Goldman’s energy and cleantech conference continues to generate deal flow and visibility—Devon Energy’s CEO will speak, highlighting GS’s role as a hub for industry executives and potential origination pipelines. Devon Energy CEO to Speak at Goldman Sachs Conference
• Neutral Sentiment: Goldman’s research is active—raising price targets on names like Bristol-Myers (BMY) and publishing small-cap and sector ideas—which supports recurring research franchise revenue but has limited direct near-term impact on GS’s P&L. Goldman Raises Bristol-Myers Target
• Neutral Sentiment: Goldman trimmed a derivative-backed stake in Siemens Energy and reduced related voting-rights exposure—portfolio moves that are notable for principal book and regulatory disclosure but are not large enough to dramatically alter earnings guidance. Goldman Trims Siemens Energy Stake
• Negative Sentiment: Goldman’s private credit arm is reported to be grappling with lingering problem loans, a potential source of mark-to-market losses, increased reserves or slower new origination — risks that can pressure near-term profitability and investor sentiment. Goldman Sachs Private Credit Arm Grapples with Problem Loans
• Negative Sentiment: Goldman economists warn the next phase of the market rally could see higher volatility — a backdrop that typically reduces trading volumes and can depress trading and underwriting revenue, a notable portion of GS’s earnings. Goldman Says Next Phase of Rally to See Higher Volatility

The Goldman Sachs Group Price Performance

NYSE:GS opened at $883.82 on Wednesday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50-day moving average of $829.03 and a 200-day moving average of $769.01. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $919.10. The company has a market capitalization of $265.08 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.17 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.40 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were paid a $4.00 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.