The Goldman Sachs Group, Inc. $GS Holdings Reduced by Ibex Wealth Advisors

Ibex Wealth Advisors lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 68.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,576 shares of the investment management company’s stock after selling 5,680 shares during the quarter. Ibex Wealth Advisors’ holdings in The Goldman Sachs Group were worth $2,319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Orange County Employees Retirement System purchased a new position in The Goldman Sachs Group during the second quarter worth approximately $69,537,544,000. BlackRock Inc. acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $24,172,123,000. Bank of America Corp DE purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $6,756,772,000. Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,081,969 shares of the investment management company’s stock valued at $6,376,323,000 after buying an additional 117,856 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $2,560,028,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

Investors following GS have been watching these news items:

• Positive Sentiment: Goldman is among banks committing $270 million to a joint stablecoin venture, a move that could help it participate in evolving digital-payment and deposit markets; the article does not indicate a near-term earnings impact. Goldman Sachs, Citi and Other Banks Commit $270M to Joint Stablecoin Venture
• Neutral Sentiment: Goldman expects AI-related investment to remain substantial but says its economic boost may peak in 2027. That could support financing and advisory demand in the near term, while raising questions about how durable the investment cycle will be. Goldman Sachs sees AI impulse peaking in 2027
• Negative Sentiment: A Goldman survey found private-credit investors increasingly concerned about defaults, valuations and liquidity. Heightened credit stress could pressure sentiment toward lenders and alternative-asset exposures. Private Credit Investors Are Getting Nervous About Defaults, Goldman Sachs Survey Finds

The Goldman Sachs Group Stock Up 0.3%

Shares of NYSE GS traded up $2.45 during midday trading on Friday, reaching $916.05. 1,265,137 shares of the company’s stock were exchanged, compared to its average volume of 2,098,710. The Goldman Sachs Group, Inc. has a 52-week low of $754.00 and a 52-week high of $1,153.99. The stock has a market capitalization of $264.22 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.61 and a current ratio of 0.61. The business’s fifty day moving average price is $921.83 and its two-hundred day moving average price is $956.03.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The business’s 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. Analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current 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 issued a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group cut their target price on The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Weiss Ratings lowered The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. TD Cowen began coverage on The Goldman Sachs Group in a research note on Thursday, October 8th. They set a “buy” rating and a $1,050.00 price target for the company. Finally, Royal Bank Of Canada cut their price objective on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,052.04.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 12,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ericka T. Leslie sold 250 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total value of $222,562.50. Following the transaction, the insider owned 10,710 shares of the company’s stock, valued at approximately $9,534,577.50. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,500 shares of company stock worth $11,380,508 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc. is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.