The Goldman Sachs Group, Inc. $GS Stock Position Lifted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,511 shares of the investment management company’s stock after buying an additional 4,260 shares during the quarter. Rakuten Investment Management Inc.’s holdings in The Goldman Sachs Group were worth $48,113,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MFG Investments LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at $690,000. AIA Group Ltd lifted its stake in The Goldman Sachs Group by 15.5% in the 3rd quarter. AIA Group Ltd now owns 26,697 shares of the investment management company’s stock worth $24,037,000 after acquiring an additional 3,580 shares in the last quarter. Third View Private Wealth LLC lifted its stake in The Goldman Sachs Group by 11.2% in the 3rd quarter. Third View Private Wealth LLC now owns 1,075 shares of the investment management company’s stock worth $968,000 after acquiring an additional 108 shares in the last quarter. Provenance Wealth Advisors LLC boosted its position in The Goldman Sachs Group by 1,529.7% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,206 shares of the investment management company’s stock worth $1,086,000 after acquiring an additional 1,132 shares during the period. Finally, Lyell Wealth Management LP boosted its position in The Goldman Sachs Group by 4.4% during the 3rd quarter. Lyell Wealth Management LP now owns 695 shares of the investment management company’s stock worth $626,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the transaction, the insider directly owned 10,710 shares in the company, valued at $9,534,577.50. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Solomon sold 12,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the sale, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. This 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 three months. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $894.43 on Wednesday. The firm has a 50 day moving average of $941.95 and a two-hundred day moving average of $957.66. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99. The company has a market capitalization of $260.43 billion, a price-to-earnings ratio of 12.86, 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) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 business 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 earned $12.25 EPS. The Goldman Sachs Group’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 28.76%.

Key The Goldman Sachs Group News

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $955.00 to $970.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. UBS Group reduced their price target on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Monday. Barclays raised their price target 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. Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,052.04.

The Goldman Sachs Group Company 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.