M&G PLC Sells 619 Shares of The Goldman Sachs Group, Inc. $GS

M&G PLC trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 27.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,634 shares of the investment management company’s stock after selling 619 shares during the period. M&G PLC’s holdings in The Goldman Sachs Group were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GS. Turim 21 Investimentos Ltda. purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $25,000. Strive Financial Group LLC grew its stake 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 worth $25,000 after purchasing an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. increased its holdings in The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the period. Cherry Tree Wealth Management LLC increased its holdings 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 worth $27,000 after purchasing an additional 15 shares during the period. Finally, Clearstead Trust LLC purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $33,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GS. Citigroup reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. Wall Street Zen downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Bank of America raised their price target on 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. Loop Capital set a $1,050.00 price objective on The Goldman Sachs Group in a report on Thursday, October 8th. Finally, Barclays upped their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,052.04.

The Goldman Sachs Group News Roundup

These are some of the GS news items that stood out recently:

• Positive Sentiment: Goldman raised its dividend by 11% and continues substantial share repurchases, a supportive signal for shareholder returns backed by its liquidity position. Article: GS’ Capital Distribution Strategy
• Positive Sentiment: CEO David Solomon cited strong demand for AI infrastructure financing, and Goldman is involved in the planned Anthropic IPO. Financing and underwriting activity could create opportunities for the firm. Article: Goldman Sachs Sees Strong Demand for AI Infrastructure Financing
• Positive Sentiment: Goldman is joining other lenders in a reported $150 million private-credit deal for a Saudi company, adding to its financing activity. Article: Goldman, HSBC, Fortress Make Rare $150 Million Saudi Credit Bet

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 12,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 159,180 shares of the company’s stock, valued at $144,968,409.60. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ericka T. Leslie sold 250 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total value of $222,562.50. Following the sale, the insider directly owned 10,710 shares in the company, valued at approximately $9,534,577.50. The trade was a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 12,500 shares of company stock valued at $11,380,508. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $927.11 on Thursday. The firm has a market cap of $267.41 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 52-week low of $754.00 and a 52-week high of $1,153.99. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.20. The company’s 50 day moving average is $926.09 and its 200 day moving average is $956.18.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The Goldman Sachs Group’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $12.25 earnings per share. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

About The Goldman Sachs Group

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.