The Goldman Sachs Group, Inc. $GS Stock: Calamos Advisors LLC Decreases Position

Calamos Advisors LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 149,509 shares of the investment management company’s stock after selling 16,202 shares during the period. Calamos Advisors LLC’s holdings in The Goldman Sachs Group were worth $134,612,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Liberty Capital Management Inc. increased its stake in The Goldman Sachs Group by 2.5% in the 3rd quarter. Liberty Capital Management Inc. now owns 1,655 shares of the investment management company’s stock worth $1,490,000 after buying an additional 40 shares during the period. Alta Advisers Ltd increased its position in shares of The Goldman Sachs Group by 85.9% during the third quarter. Alta Advisers Ltd now owns 2,115 shares of the investment management company’s stock worth $1,904,000 after acquiring an additional 977 shares during the period. Legacy Financial Independent Advisors LLC raised its stake in shares of The Goldman Sachs Group by 735.6% during the third quarter. Legacy Financial Independent Advisors LLC now owns 3,075 shares of the investment management company’s stock valued at $2,769,000 after acquiring an additional 2,707 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of The Goldman Sachs Group by 4.9% during the third quarter. Kestra Advisory Services LLC now owns 87,803 shares of the investment management company’s stock valued at $79,054,000 after acquiring an additional 4,107 shares in the last quarter. Finally, Claro Advisors Inc. boosted its holdings in shares of The Goldman Sachs Group by 66.7% in the third quarter. Claro Advisors Inc. now owns 935 shares of the investment management company’s stock valued at $842,000 after purchasing an additional 374 shares during the period. Institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

The Goldman Sachs Group Price Performance

GS traded down $3.07 on Friday, hitting $865.88. 2,481,265 shares of the company’s stock were exchanged, compared to its average volume of 2,283,557. The stock has a market cap of $252.12 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.85 and a beta of 1.29. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The firm has a 50-day moving average price of $932.40 and a 200-day moving average price of $956.58.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $16.83 billion. During the same quarter last year, the business posted $12.25 earnings per share. The firm’s revenue was up 23.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Ericka Leslie sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $926.28, for a total value of $92,628.00. Following the sale, the insider directly owned 10,460 shares of the company’s stock, valued at approximately $9,688,888.80. The trade was a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Solomon sold 12,000 shares of the 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 transaction, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $11,380,508. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GS. HSBC raised their price target on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Bank of America boosted their target price on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $1,145.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. TD Cowen began 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 for the company. Finally, Wall Street Zen downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,052.04.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.