The Goldman Sachs Group, Inc. $GS Stock: Fort Washington Investment Advisors Inc. OH Cuts Holdings

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,653 shares of the investment management company’s stock after selling 5,117 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in The Goldman Sachs Group were worth $62,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group during the first quarter worth $25,000. Strive Financial Group LLC grew its stake in shares of 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 during the last quarter. BOK Financial Private Wealth Inc. increased 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 purchasing an additional 17 shares during the period. Steph & Co. acquired a new stake in The Goldman Sachs Group in the first quarter valued at $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $29,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Finally, HSBC lifted their target price on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,050.55.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Exceptional Q3 earnings beat: Goldman reported $17.01 in diluted EPS and $18.68 billion in revenue, surpassing estimates of $12.86 and $16.83 billion, respectively. Net income rose 29% year over year to $5.29 billion, while revenue increased 23%. Wall Street’s earnings split: Goldman’s $18.7 billion blowout quarter—and why JPMorgan and BofA fell short
• Positive Sentiment: Trading and investment banking drove growth: Equities revenue surged 72% to $6.44 billion, and investment-banking fees climbed 21% as underwriting and deal activity improved. The results made Goldman one of the strongest performers among major banks reporting this quarter. Goldman Q3 Earnings Beat on Strong Equities & IB Revenues
• Positive Sentiment: Capital returns and business breadth remain supportive: Goldman declared a $5 quarterly dividend and returned $4.49 billion to common shareholders, including $3 billion of repurchases. Management also highlighted record wealth-management assets and a diversified business model. Goldman Sachs Q3 Revenue Rises 23% as Diluted EPS Reaches $17.01
• Neutral Sentiment: Management remains constructive but cautious: CEO David Solomon described the market environment as favorable and said the underlying economy remains strong, while warning that abrupt interest-rate moves could create headwinds. Goldman also cited AI infrastructure financing opportunities alongside higher AI-related costs and rate risks. Goldman CEO David Solomon Warns Rate Headwinds
• Negative Sentiment: Analyst target cuts and macro pressure are limiting enthusiasm: Citigroup lowered its target to $1,000 and RBC cut its target to $1,010, both adopting neutral or sector-perform ratings. Hotter inflation data and concerns about elevated rates and late-cycle risks have weighed on the stock despite the earnings beat. These Analysts Lower Their Forecasts on Goldman Sachs After Q3 Results

The Goldman Sachs Group Stock Performance

Shares of GS opened at $877.07 on Thursday. The stock has a 50 day moving average price of $980.74 and a two-hundred day moving average price of $989.49. The Goldman Sachs Group, Inc. has a 52 week low of $740.01 and a 52 week high of $1,153.99. The firm has a market capitalization of $255.38 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.98 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10.

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 (EPS) for the quarter, topping the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The firm had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. During the same quarter in the prior year, the business posted $12.25 EPS. The business’s revenue was up 23.0% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 67.48 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 30.87%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.