The Goldman Sachs Group, Inc. $GS Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,715 shares of the investment management company’s stock after purchasing an additional 2,165 shares during the period. Maryland State Retirement & Pension System’s holdings in The Goldman Sachs Group were worth $15,950,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $25,000. Strive Financial Group LLC increased its holdings in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after buying an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. increased its holdings in shares of 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 buying an additional 17 shares during the last quarter. Cherry Tree Wealth Management LLC increased its holdings in shares of 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 buying an additional 15 shares during the last quarter. Finally, Clearstead Trust LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $33,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 1.9%

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

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

The Goldman Sachs Group Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 16th. UBS Group lowered their price objective on The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Loop Capital set a $1,050.00 target price on The Goldman Sachs Group in a research note on Thursday, October 8th. Barclays lifted their target price 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. Finally, HSBC upped 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,052.04.

Insider Buying and Selling

In other news, insider Ericka T. Leslie sold 100 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total transaction of $92,628.00. Following the completion of the transaction, the insider directly owned 10,460 shares in the company, valued at $9,688,888.80. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David M. Solomon sold 12,000 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total value of $10,928,640.00. Following the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,500 shares of company stock worth $11,380,508. 0.55% of the stock is owned by corporate insiders.

More The Goldman Sachs Group News

Here’s some of the latest news about GS:

• 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
• Neutral Sentiment: Goldman analysts reportedly project Anthropic could generate $685 billion in revenue by 2030. That forecast underscores the scale of the potential IPO opportunity, but depends on highly ambitious growth assumptions. Article: Goldman Sees Anthropic Revenue Hitting $685 Billion by 2030

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.