Maryland State Retirement & Pension System Acquires 2,165 Shares of The Goldman Sachs Group, Inc. $GS

Maryland State Retirement & Pension System increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,715 shares of the investment management company’s stock after purchasing an additional 2,165 shares during the quarter. Maryland State Retirement & Pension System’s holdings in The Goldman Sachs Group were worth $15,950,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $25,000. Strive Financial Group LLC raised its stake in shares of 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 worth $25,000 after buying an additional 19 shares during the period. BOK Financial Private Wealth Inc. raised its stake in shares of 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 worth $26,000 after buying an additional 17 shares during the period. Cherry Tree Wealth Management LLC raised its stake in shares of 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 worth $27,000 after buying an additional 15 shares during the period. Finally, Clearstead Trust LLC purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $927.11 on Thursday. The firm has a 50-day simple moving average of $926.09 and a 200-day simple moving average of $956.18. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $267.41 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 firm had revenue of $18.68 billion for 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 Goldman Sachs Group’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the business posted $12.25 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 28.76%.

Trending Headlines about The Goldman Sachs Group

Here are a few of the latest headlines about GS:

• Positive Sentiment: Goldman raised its dividend by 11% and continues substantial share repurchases, a supportive signal for shareholder returns backed by its liquidity position. Article: GS’ Capital Distribution Strategy
• Positive Sentiment: Goldman is joining other lenders in a reported $150 million private-credit deal for a Saudi company, adding to its financing activity. Article: Goldman, HSBC, Fortress Make Rare $150 Million Saudi Credit Bet
• Neutral Sentiment: Goldman analysts reportedly project Anthropic could generate $685 billion in revenue by 2030. That forecast underscores the scale of the potential IPO opportunity, but depends on highly ambitious growth assumptions. Article: Goldman Sees Anthropic Revenue Hitting $685 Billion by 2030

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GS. Wall Street Zen cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, October 16th. Citigroup reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. HSBC increased their price objective on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Finally, Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,052.04.

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka T. Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 owned 10,710 shares in the company, valued at approximately $9,534,577.50. This trade represents a 2.28% 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 Goldman Sachs Group stock in a transaction that occurred on 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 transaction, the chief executive officer owned 159,180 shares in the company, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,500 shares of company stock worth $11,380,508. Insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

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.