Machina Capital S.A.S. Buys New Stake in The Goldman Sachs Group, Inc. $GS

Machina Capital S.A.S. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,324 shares of the investment management company’s stock, valued at approximately $2,092,000.

Several other institutional investors have also bought and sold shares of the stock. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $69,537,544,000. BlackRock Inc. bought a new position in The Goldman Sachs Group during the 2nd quarter valued at about $24,172,123,000. Bank of America Corp DE bought a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $6,756,772,000. Bank of New York Mellon Corp bought a new position in The Goldman Sachs Group in the 2nd quarter valued at $2,560,028,000. Finally, Dimensional Fund Advisors LP raised its position in The Goldman Sachs Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,840,675 shares of the investment management company’s stock valued at $1,556,706,000 after purchasing an additional 9,770 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

Investors following GS have been watching these headlines:

• Positive Sentiment: Goldman raised its dividend by 11% and continues share repurchases, signaling confidence in its capital position and supporting shareholder returns. Article: GS’ Capital Distribution Strategy
• Positive Sentiment: Goldman, HSBC and other banks are backing a $270 million stablecoin initiative, Project Faro, as banks seek to retain deposits amid competition from fintech and digital assets. The venture could create strategic opportunities, though its financial contribution to Goldman is not specified. Article: Goldman Sachs, Citi and Other Banks Commit $270M to Joint Stablecoin Venture
• Negative Sentiment: A Goldman survey found private-credit investors increasingly concerned about defaults, valuations and liquidity. That caution could weigh on private-credit activity and raises risks for lenders and investors exposed to the market. Article: Private Credit Investors Are Getting Nervous About Defaults, Goldman Sachs Survey Finds

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total value of $222,562.50. Following the completion of the sale, the insider owned 10,710 shares of the company’s stock, valued at approximately $9,534,577.50. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Solomon sold 12,000 shares of the stock in a transaction dated 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 completion of 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,500 shares of company stock worth $11,380,508. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 1.4%

Shares of GS opened at $914.16 on Friday. The stock’s fifty day simple moving average is $924.28 and its 200-day simple moving average is $956.09. The firm has a market capitalization of $263.67 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $754.00 and a 12-month 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 Goldman Sachs Group (NYSE:GS) last announced 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 return on equity of 20.21% and a net margin of 15.77%. The firm had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. During the same period in the previous year, the business posted $12.25 EPS. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 71.49 earnings per share 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. Stockholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 14th. Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, October 8th. TD Cowen initiated coverage on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price objective for the company. Royal Bank Of Canada lowered their price objective on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 14th. Finally, UBS Group dropped their target price on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $1,052.04.

The Goldman Sachs Group Company 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.