Gries Financial LLC Increases Holdings in The Goldman Sachs Group, Inc. $GS

Gries Financial LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 111.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,196 shares of the investment management company’s stock after purchasing an additional 630 shares during the period. Gries Financial LLC’s holdings in The Goldman Sachs Group were worth $953,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. purchased a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $348,000. Worth Financial Advisory Group LLC raised its stake in The Goldman Sachs Group by 9.0% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 1,201 shares of the investment management company’s stock valued at $956,000 after purchasing an additional 99 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in The Goldman Sachs Group by 12.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 207,328 shares of the investment management company’s stock valued at $165,106,000 after purchasing an additional 23,218 shares in the last quarter. KG&L Capital Management LLC boosted its stake in shares of The Goldman Sachs Group by 0.4% during the 3rd quarter. KG&L Capital Management LLC now owns 5,280 shares of the investment management company’s stock worth $4,135,000 after purchasing an additional 20 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of The Goldman Sachs Group by 3.5% during the third quarter. D.A. Davidson & CO. now owns 60,869 shares of the investment management company’s stock worth $48,473,000 after buying an additional 2,062 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 3.8%

Shares of NYSE GS opened at $948.81 on Tuesday. The stock has a fifty day moving average price of $840.02 and a 200 day moving average price of $776.72. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $961.69. The company has a market cap of $284.57 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.07 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $8.40 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Major broker upgrades and price-target raises lifted investor sentiment — Barclays bumped its GS price target to $1,048 (from $850) and Wells Fargo raised its target to $970 and kept an Overweight rating. Barclays raises GS price target to $1,048 Wells Fargo raises GS target to $970
• Positive Sentiment: GS shares reached all-time intraday highs, reinforcing momentum and drawing investor attention to upside and re-rating narratives. Goldman Sachs stock hits all-time high
• Positive Sentiment: Goldman’s own research is signaling secular opportunities — a GS note cited by media expects clearer crypto regulations to spur institutional adoption, which could boost fees and trading/infrastructure revenues for banks active in digital-asset services. Goldman Sachs says crypto rules will promote institutional adoption
• Neutral Sentiment: Goldman analysts lifting coverage/targets on large tech suppliers (eg. TSMC) highlights GS’s influential research platform and may support institutional flow/trading revenues, but benefits to GS are indirect. GS lifts TSMC target — market reaction
• Neutral Sentiment: GS is hosting/participating in energy conferences (DOE Secretary scheduled to attend) and continues normal fund/portfolio reporting; these support franchise visibility and client engagement but are routine. DOE Secretary to attend GS energy conference Fund portfolio updates
• Negative Sentiment: Goldman’s oil-market analysis flagged that U.S. actions around Venezuela may limit near-term oil recovery but could increase long-term output — a view that could create volatility in energy markets and pressure commodity-related revenues or trading flows. Goldman sees limited Venezuela oil recovery

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GS. JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Evercore ISI increased their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Daiwa Capital Markets upped their price objective on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, Dbs Bank boosted their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $820.12.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.