The Goldman Sachs Group, Inc. $GS Stake Lessened by Kelleher Financial Advisors

Kelleher Financial Advisors reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 49.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,768 shares of the investment management company’s stock after selling 1,757 shares during the period. Kelleher Financial Advisors’ holdings in The Goldman Sachs Group were worth $1,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 3Chopt Investment Partners LLC lifted its holdings in The Goldman Sachs Group by 11.5% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 1,273 shares of the investment management company’s stock worth $1,146,000 after buying an additional 131 shares in the last quarter. Focused Wealth Management Inc grew its stake in shares of The Goldman Sachs Group by 3.9% during the third quarter. Focused Wealth Management Inc now owns 4,849 shares of the investment management company’s stock valued at $4,366,000 after acquiring an additional 180 shares in the last quarter. Rakuten Investment Management Inc. increased its position in shares of The Goldman Sachs Group by 8.8% during the third quarter. Rakuten Investment Management Inc. now owns 52,511 shares of the investment management company’s stock worth $48,113,000 after acquiring an additional 4,260 shares during the last quarter. MFG Investments LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $690,000. Finally, AIA Group Ltd lifted its stake in shares of The Goldman Sachs Group by 15.5% in the third quarter. AIA Group Ltd now owns 26,697 shares of the investment management company’s stock worth $24,037,000 after acquiring an additional 3,580 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a research note on Friday, September 25th. Bank of America raised 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 research report on Thursday, July 16th. TD Cowen assumed coverage on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price target for the company. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Finally, Weiss Ratings downgraded shares of The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,052.04.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs and Apollo are reportedly in talks related to selling a $40 billion SpaceX AI deal. If Goldman helps arrange or execute the transaction, it could generate advisory or financing fees. Article: Goldman, Apollo in Talks to Sell SpaceX’s $40 Billion AI Deal
• Positive Sentiment: Goldman is also reported to be in talks to acquire a controlling stake in a South Korean mobility app. A transaction could create investment opportunities, although terms and the outcome were not reported. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Neutral Sentiment: Goldman’s strategist said corporate leaders may accelerate plans to expand computing capacity amid uncertainty about future policy. That could support AI-related investment, but the article does not identify a direct or immediate benefit to Goldman’s results. Article: The AI Trade Has Been Sold to Death, but Goldman Strategist Highlights Silver Lining
• Negative Sentiment: Goldman has reportedly limited access to certain AI coding tools to engineers and quantitative specialists after reviewing productivity and risk controls. The move may limit broader employee use of the tools, though the financial impact is unclear. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

Insider Buying and Selling at The Goldman Sachs Group

In other news, CEO David Solomon sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the transaction, the chief executive officer owned 159,180 shares in the company, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ericka Leslie sold 250 shares of the stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the completion of the sale, the insider directly owned 10,710 shares in the company, valued at approximately $9,534,577.50. This trade represents a 2.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have 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 Up 3.7%

Shares of NYSE:GS opened at $929.21 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 company’s fifty day moving average is $939.32 and its two-hundred day moving average is $957.43. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.63 and a current ratio of 0.61. The stock has a market capitalization of $268.01 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share 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 20.21%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same quarter in the prior year, the business earned $12.25 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts anticipate 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 declared 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. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.