The Goldman Sachs Group, Inc. $GS Stock: IPG Investment Advisors LLC Reduces Position

IPG Investment Advisors LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,259 shares of the investment management company’s stock after selling 1,991 shares during the quarter. IPG Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $4,735,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GS. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth approximately $25,000. Strive Financial Group LLC raised its holdings in The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after acquiring an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. raised its holdings 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 in the last quarter. Cherry Tree Wealth Management LLC boosted its stake in The Goldman Sachs Group by 100.0% during the 3rd 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, Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the 2nd quarter valued at $33,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the subject of several recent analyst reports. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Bank of America upped their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. TD Cowen started coverage on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. They set a “buy” rating and a $1,050.00 price target on the stock. BMO Capital Markets reduced their price target on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a research report on Monday, October 19th. Finally, Loop Capital set a $1,050.00 price target on The Goldman Sachs Group in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,052.04.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Stock Performance

GS stock opened at $894.43 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The firm has a market cap of $260.43 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $754.00 and a 12-month high of $1,153.99. The stock’s 50 day simple moving average is $941.95 and its 200 day simple moving average is $957.66.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 28.76%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. The trade was 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 worth $11,380,508 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group 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.