The Goldman Sachs Group, Inc. $GS Shares Purchased by Asset One Wealth Management LLC

Asset One Wealth Management LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,590 shares of the investment management company’s stock after buying an additional 830 shares during the quarter. Asset One Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $5,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Sky Investment Group LLC increased its holdings in shares of The Goldman Sachs Group by 0.9% in the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after buying an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock worth $272,000 after purchasing an additional 10 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock valued at $569,000 after buying an additional 11 shares during the period. DecisionMap Wealth Management LLC boosted its stake in The Goldman Sachs Group by 3.2% during the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock valued at $354,000 after purchasing an additional 11 shares during the period. Finally, Millstone Evans Group LLC boosted its stake in The Goldman Sachs Group by 3.7% during the 1st quarter. Millstone Evans Group LLC now owns 337 shares of the investment management company’s stock worth $285,000 after acquiring an additional 12 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research reports. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BMO Capital Markets reduced their target price on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating for the company in a research note on Monday, October 19th. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a research report on Wednesday, July 15th. Weiss Ratings downgraded The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, Freedom Broker raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and lowered their price target for the stock from $1,200.00 to $1,100.00 in a report on Friday, October 23rd. One 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,052.04.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Ericka T. Leslie sold 100 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $926.28, for a total transaction of $92,628.00. Following the completion of the sale, the insider directly owned 10,460 shares in the company, valued at approximately $9,688,888.80. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Solomon sold 12,000 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the sale, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. This represents a 7.01% 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 valued at $11,380,508 over the last three months. 0.55% of the stock is currently owned by 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

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $865.88 on Friday. The company has a market cap of $252.12 billion, a PE ratio of 12.45, a P/E/G ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The business has a 50-day simple moving average of $932.40 and a two-hundred day simple moving average of $956.58. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10.

The Goldman Sachs Group (NYSE:GS) last announced 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 analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $12.25 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The Goldman Sachs Group’s payout ratio is 28.76%.

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.