NBT Bank N.A. Purchases New Position in The Goldman Sachs Group, Inc. $GS

NBT Bank N.A. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the third quarter, HoldingsChannel reports. The institutional investor acquired 9,849 shares of the investment management company’s stock, valued at approximately $8,868,000.

Several other institutional investors have also modified their holdings of GS. Strive Financial Group LLC grew its position in shares of The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after buying an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its position in The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in The Goldman Sachs Group in the first quarter valued at $25,000. Cherry Tree Wealth Management LLC lifted its position in The Goldman Sachs Group by 100.0% in the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Finally, Steph & Co. acquired a new position in The Goldman Sachs Group in the first quarter valued at $27,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GS. Keefe, Bruyette & Woods dropped their price objective on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. Royal Bank Of Canada cut their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 14th. HSBC boosted their target price on 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. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $955.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $1,050.32.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman received a Zacks Rank #2 (Buy), reflecting improving earnings expectations. The upgrade adds support to the view that the stock’s recent weakness may offer value, particularly after the company’s latest quarterly earnings beat. Goldman upgraded to Buy
• Positive Sentiment: Goldman, JPMorgan and Morgan Stanley reportedly captured nearly 80% of top-five-bank equity-trading revenue this year, helped by strong hedge-fund demand for leveraged AI-related trades. This suggests favorable conditions for GS’s trading franchise, although the revenue environment may be cyclical. Banks dominating AI trading boom
• Positive Sentiment: Goldman’s recent quarterly results showed substantial upside to consensus estimates, with revenue also exceeding expectations and rising year over year. The results remain an important fundamental support for GS. Goldman earnings analysis
• Neutral Sentiment: Goldman research points to elevated short positioning in global equities and warns that a sharp rebound could trigger a short squeeze. That may create upside volatility for GS, but it also highlights fragile market conditions. Hedge fund short positioning
• Neutral Sentiment: Articles on Goldman’s housing, AI-labor, and gold-market forecasts increase attention around the firm’s research franchise but do not directly change GS earnings or guidance.
• Negative Sentiment: BMO Capital Markets lowered its expectations for GS shares, adding pressure to the stock after its strong earnings-driven run. BMO lowers Goldman expectations
• Negative Sentiment: Exchange-traded funds were reported as net sellers of GS, indicating near-term institutional supply that may be contributing to the stock’s decline. ETF selling of Goldman shares

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $889.95 on Friday. The firm’s fifty day simple moving average is $962.95 and its 200-day simple moving average is $991.46. The stock has a market capitalization of $259.13 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12 month low of $744.66 and a 12 month high of $1,153.99. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating the consensus estimate of $12.86 by $4.15. The firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The Goldman Sachs Group’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.25 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

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.