594 The Goldman Sachs Group, Inc. $GS Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,046 shares of the investment management company’s stock after selling 594 shares during the quarter. The Goldman Sachs Group accounts for 1.0% of Carret Asset Management LLC’s portfolio, making the stock its 23rd largest position. Carret Asset Management LLC’s holdings in The Goldman Sachs Group were worth $11,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orange County Employees Retirement System purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $69,537,544,000. BlackRock Inc. acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $24,172,123,000. Bank of America Corp DE acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $6,756,772,000. Bank of New York Mellon Corp bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $2,560,028,000. Finally, International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth $2,024,921,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 0.0%

NYSE:GS opened at $865.88 on Monday. The company has a market cap of $249.75 billion, a PE ratio of 12.45, a P/E/G ratio of 0.81 and a beta of 1.29. The business’s 50 day moving average is $932.40 and its two-hundred day moving average is $956.58. 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 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 issued 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 business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the business earned $12.25 EPS. On average, analysts predict that The Goldman Sachs Group, Inc. will post 71.49 EPS 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. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the transaction, the insider owned 10,710 shares of the company’s stock, valued at $9,534,577.50. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Solomon sold 12,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,500 shares of company stock valued at $11,380,508. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

Analysts Set New Price Targets

Several analysts recently issued reports on GS shares. TD Cowen assumed coverage on shares of The Goldman Sachs Group in a report on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a report on Friday, September 25th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada cut their target price on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group 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 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.

Goldman Sachs also provides consumer financial products and digital financial services.