The Goldman Sachs Group, Inc. $GS Stock Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the third quarter, Holdings Channel.com reports. The fund owned 22,127 shares of the investment management company’s stock after selling 614 shares during the period. The Goldman Sachs Group makes up approximately 3.7% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 9th biggest position. North Point Portfolio Managers Corp OH’s holdings in The Goldman Sachs Group were worth $19,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Audent Global Asset Management LLC lifted its holdings in The Goldman Sachs Group by 10.1% in the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock valued at $4,604,000 after acquiring an additional 479 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $53,720,000. Oak Grove Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $1,890,000. Sax Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 148.7% during the second quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company’s stock worth $3,569,000 after buying an additional 2,110 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in The Goldman Sachs Group by 14.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after buying an additional 2,230 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GS shares. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research note on Wednesday, July 15th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Barclays raised their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,055.60.

The Goldman Sachs Group Trading Down 1.2%

NYSE:GS traded down $11.15 during trading hours on Wednesday, reaching $886.03. 1,409,964 shares of the company were exchanged, compared to its average volume of 2,198,760. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99. The firm has a market cap of $257.98 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.92 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $997.52 and a 200 day simple moving average of $986.86.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter last year, the firm posted $10.91 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 68.31 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were issued a $5.00 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 2.3%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is currently 30.87%.

More The Goldman Sachs Group News

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

• Positive Sentiment: The recent selloff has made GS look more attractively valued, according to a Seeking Alpha analysis. The stock’s valuation and long-term earnings potential could support a rebound if upcoming results remain strong. Goldman Sachs: Selloff Makes Stock a Value Play
• Positive Sentiment: Goldman Sachs expects artificial-intelligence investment to help drive a projected 27% increase in S&P 500 profits. Continued capital-markets and investment-banking activity tied to AI could benefit Goldman’s advisory and financing businesses. Goldman Sachs forecasts S&P 500 profit growth
• Neutral Sentiment: Goldman Sachs is scheduled to report earnings soon. Analysts are watching whether strong recent earnings momentum can continue, but a Zacks preview says the company does not have a particularly favorable combination of earnings-surprise indicators.
• Neutral Sentiment: Goldman’s wealth-management clients were included in an EY data breach. The firm says its own systems were not compromised and client assets remain safe, limiting the immediate financial impact, though reputational and compliance risks remain. Goldman Sachs client data exposed in EY data breach
• Negative Sentiment: Citi has overtaken Goldman Sachs in global IPO underwriting rankings after winning several marquee listings, including SpaceX and SK Hynix. The development raises concerns that Goldman could lose future equity-capital-markets mandates and related fees. Is Goldman Sachs losing its grip on global IPO underwriting?
• Negative Sentiment: UBS lowered its price target to $1,010 from $1,150 and maintained a neutral rating, while BMO cut its target to $970 and retained a market-perform rating. These revisions signal more cautious expectations despite implied upside from current levels.
• Negative Sentiment: Goldman is not yet ready to raise its 14%–16% through-the-cycle return-on-equity target. Investors may interpret the lack of a higher target as evidence that management sees limited near-term room for profitability improvement.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.