2,296 Shares in The Goldman Sachs Group, Inc. $GS Bought by Worth Asset Management LLC

Worth Asset Management LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,296 shares of the investment management company’s stock, valued at approximately $1,828,000. The Goldman Sachs Group comprises 0.8% of Worth Asset Management LLC’s portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Dogwood Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group during the third quarter valued at about $26,000. First PREMIER Bank bought a new position in The Goldman Sachs Group during the third quarter valued at about $28,000. Clearstead Trust LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: High-profile endorsement: TV investor Jim Cramer says he holds GS in a charitable trust and highlights the stock’s strong YTD gain and benefits from market activity and lower rates, a sentiment booster for retail investors. I Have Goldman Sachs (GS) in My Charitable Trust, Says Jim Cramer
• Neutral Sentiment: Research product — AT&T outlook: Goldman Sachs’ analysts forecast AT&T will accelerate buybacks as free cash flow grows; this is a sell-side call that underscores GS’s ongoing research revenue stream but is not a direct corporate catalyst for GS shares. Goldman Sachs Forecasts AT&T (T) Buyback Ramp-Up Fueled by 8% Free Cash Flow Growth
• Neutral Sentiment: Macro/research insight on layoffs: Goldman research finds investor reactions to layoffs have shifted (stocks now decline on average after cuts). This strengthens GS’s franchise as a market commentator but doesn’t directly move GS’s fundamentals. Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff
• Neutral Sentiment: 1MDB courtroom development: Former Malaysian PM Najib Razak convicted in the 1MDB scandal; historically linked cases can keep legal/regulatory risks in public view, but this specific conviction is not a new direct exposure for GS. Former Malaysian Prime Minister Najib Razak convicted in trial over 1MDB corruption scandal
• Negative Sentiment: Private-credit troubles: The WSJ reports Goldman’s private-credit business is struggling to unwind soured loans and reposition portfolios, which could weigh on fee income, raise mark-to-market losses for alternatives, and increase investor scrutiny of GS’s asset-management unit. This is a direct portfolio/earnings risk. Goldman Sachs’s Private-Credit Company Struggles to Clean Up Soured Bets
• Negative Sentiment: Third‑party data breach risk: Goldman alerted some alternative-fund investors that client data may have been exposed after a cybersecurity incident at law firm Fried Frank, raising reputational, client‑notification and potential legal costs. Investors often react negatively to operational/cyber risks. Goldman Sachs Says Some Client Data May Have Been Exposed in Third-Party Data Breach

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GS shares. BNP Paribas Exane raised their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. HSBC increased their target price on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. UBS Group boosted their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $792.67.

The Goldman Sachs Group Trading Down 0.3%

GS stock opened at $907.94 on Friday. The business has a fifty day moving average price of $823.96 and a 200 day moving average price of $764.24. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. The stock has a market capitalization of $272.32 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.19 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.