MFG Investments LLC Buys New Stake in The Goldman Sachs Group, Inc. $GS

MFG Investments LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 767 shares of the investment management company’s stock, valued at approximately $690,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Orange County Employees Retirement System bought a new position in shares of The Goldman Sachs Group in the second quarter worth $69,537,544,000. BlackRock Inc. bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at about $24,172,123,000. Bank of America Corp DE bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at about $6,756,772,000. Bank of New York Mellon Corp bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at about $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the first quarter worth about $2,024,921,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.5%

Shares of The Goldman Sachs Group stock opened at $894.43 on Wednesday. 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 firm has a market cap of $260.43 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The business has a fifty day simple moving average of $941.95 and a 200-day simple moving average of $957.66. 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 Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $12.25 earnings per share. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 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. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 28.76%.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. Loop Capital set a $1,050.00 target price on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. Citigroup restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. Wall Street Zen raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. UBS Group reduced their price target on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Monday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,052.04.

The Goldman Sachs Group News Summary

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

• Neutral Sentiment: Goldman is reportedly in talks to acquire a controlling stake in a South Korean mobility app. The discussions could support expansion into a new business, but terms and the likelihood of a deal have not been disclosed. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Negative Sentiment: UBS lowered its price target on GS from $1,010 to $1,000 and maintained a Neutral rating, a modestly cautious signal from an analyst. Article: UBS Group price target update
• Negative Sentiment: The SPDR Dow Jones Industrial Average ETF reportedly sold its GS holding on Oct. 30 as it reduced all 30 positions. The sale may add some flow pressure, though it appears part of a broad portfolio reduction rather than a company-specific move. Article: SPDR Dow Jones Industrial Average ETF Sells Goldman Sachs
• Negative Sentiment: Goldman is restricting access to some AI coding tools largely to engineers and quantitative specialists, reversing broader employee access. The move reflects risk controls, but could temper expectations for productivity gains from widespread employee use of AI tools. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

Insider Activity

In related news, insider Ericka T. Leslie sold 250 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 10,710 shares in the company, valued at $9,534,577.50. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David M. Solomon sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the sale, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. The trade was a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 12,500 shares of company stock valued at $11,380,508. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company 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.