Prime Capital Investment Advisors LLC Sells 656 Shares of The Goldman Sachs Group, Inc. $GS

Prime Capital Investment Advisors LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,316 shares of the investment management company’s stock after selling 656 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $9,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. BlackRock Inc. acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at about $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 about $6,756,772,000. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth about $69,537,544,000. Bank of New York Mellon Corp purchased a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $2,560,028,000. Finally, International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $2,024,921,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.0%

Shares of NYSE:GS opened at $884.42 on Wednesday. The firm’s 50 day moving average price is $968.62 and its 200 day moving average price is $991.00. The stock has a market cap of $257.52 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $743.11 and a fifty-two week high of $1,153.99. 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 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 Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter in the previous year, the firm earned $12.25 earnings per share. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 70.26 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 28.76%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, an actively managed and options-based ETF provider with approximately $30 billion in assets. The transaction could cost up to $2.25 billion and is viewed as a strategically attractive way for Goldman to expand its asset-management platform and diversify revenue toward fee-based businesses. Goldman Sachs NEOS Investments acquisition
• Positive Sentiment: Goldman is broadening its private-markets capabilities by exploring “evergreen” funds that would allow private-equity firms to hold assets for 10 to 15 years or longer. Such products could create additional advisory, financing and asset-management fees for GS. Goldman and Evercore evergreen funds
• Positive Sentiment: The bank continues to position tokenization as a growth opportunity across trading, payments and wealth management, potentially improving Goldman’s long-term technology and digital-asset revenue mix. Goldman Sachs tokenization strategy
• Neutral Sentiment: Goldman’s prime-brokerage data showed hedge funds reduced technology exposure at the fastest pace in at least a decade. The report may benefit GS’s trading and client-activity revenue, but it also highlights risk appetite and valuation concerns across markets. Hedge funds cut technology stocks
• Neutral Sentiment: Goldman still expects a potential year-end S&P 500 rally, which could support investment-banking, trading and asset-management activity, although the outlook remains vulnerable to technology-sector volatility. Goldman Sachs year-end market outlook
• Negative Sentiment: BMO Capital Markets lowered its GS price target to $950 from $970 and maintained a “Market Perform” rating, signaling limited near-term upside despite the stock’s valuation and strong latest earnings. BMO lowers Goldman Sachs price target
• Negative Sentiment: Goldman economists expect the U.S. housing market to remain weak through 2027 as mortgage rates above 7% suppress transactions and new construction. Prolonged housing weakness could weigh on consumer activity and related investment-banking businesses. Goldman Sachs housing market outlook

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GS shares. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Bank of America upped their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Finally, Barclays boosted 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 research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,050.32.

The Goldman Sachs Group 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.