The Goldman Sachs Group, Inc. $GS Stock Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,100 shares of the investment management company’s stock after selling 902 shares during the period. The Goldman Sachs Group comprises 0.9% of Paradigm Asset Management Co. LLC’s investment portfolio, making the stock its 26th biggest position. Paradigm Asset Management Co. LLC’s holdings in The Goldman Sachs Group were worth $3,691,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Spectrum Planning & Advisory Services Inc. raised its holdings in The Goldman Sachs Group by 14.6% in the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 598 shares of the investment management company’s stock worth $539,000 after purchasing an additional 76 shares during the period. CFM Wealth Partners LLC boosted its position in The Goldman Sachs Group by 0.7% during the third quarter. CFM Wealth Partners LLC now owns 4,570 shares of the investment management company’s stock worth $4,115,000 after purchasing an additional 32 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in The Goldman Sachs Group by 13.9% in the third quarter. Maryland State Retirement & Pension System now owns 17,715 shares of the investment management company’s stock valued at $15,950,000 after purchasing an additional 2,165 shares during the period. UNIVEST FINANCIAL Corp grew its holdings in The Goldman Sachs Group by 20.9% in the third quarter. UNIVEST FINANCIAL Corp now owns 491 shares of the investment management company’s stock valued at $442,000 after purchasing an additional 85 shares during the period. Finally, Joel Isaacson & Co. LLC grew its holdings in The Goldman Sachs Group by 0.8% in the third quarter. Joel Isaacson & Co. LLC now owns 9,952 shares of the investment management company’s stock valued at $8,960,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka Leslie sold 100 shares of The Goldman Sachs Group stock in a transaction that occurred 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 transaction, the insider owned 10,460 shares in the company, valued at approximately $9,688,888.80. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 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 in the company, valued at approximately $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. In the last ninety days, insiders sold 12,500 shares of company stock valued at $11,380,508. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $927.11 on Thursday. The firm has a 50-day simple moving average of $926.09 and a 200-day simple moving average of $956.18. The stock has a market capitalization of $267.41 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. 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 Goldman Sachs Group, Inc. has a 52 week low of $754.00 and a 52 week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last released 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 Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same period last year, the company posted $12.25 EPS. The business’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 71.49 earnings per share 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 given 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 is 28.76%.

The Goldman Sachs Group News Roundup

Here’s some of the latest news about GS:

• 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
• 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
• Negative Sentiment: After hotter inflation data, Goldman revised its rate outlook to include further Fed tightening. Higher rates and uncertainty could weigh on market sentiment and deal activity, although rate volatility may also create trading opportunities. Article: Why Goldman Sachs Is Changing Its Federal Reserve Interest-Rate Forecast

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GS. Loop Capital set a $1,050.00 price objective on The Goldman Sachs Group in a research report on Thursday, October 8th. TD Cowen initiated coverage on The Goldman Sachs Group in a research report on Thursday, October 8th. They set a “buy” rating and a $1,050.00 target price on the stock. Wall Street Zen cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. UBS Group dropped their price target on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,052.04.

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.