The Goldman Sachs Group, Inc. $GS Position Raised by Axecap Investments LLC

Axecap Investments LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 211.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,547 shares of the investment management company’s stock after acquiring an additional 3,087 shares during the period. The Goldman Sachs Group accounts for approximately 2.5% of Axecap Investments LLC’s portfolio, making the stock its 19th biggest holding. Axecap Investments LLC’s holdings in The Goldman Sachs Group were worth $4,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $53,720,000. Envestnet Portfolio Solutions Inc. lifted its stake in The Goldman Sachs Group by 14.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after purchasing an additional 2,230 shares during the period. Sax Wealth Advisors LLC lifted its stake in The Goldman Sachs Group by 148.7% during the second quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company’s stock worth $3,569,000 after purchasing an additional 2,110 shares during the period. Baird Financial Group Inc. boosted its holdings in The Goldman Sachs Group by 2.9% during the second quarter. Baird Financial Group Inc. now owns 110,233 shares of the investment management company’s stock valued at $111,487,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Liontrust Investment Partners LLP boosted its holdings in The Goldman Sachs Group by 1,007.5% during the first quarter. Liontrust Investment Partners LLP now owns 9,602 shares of the investment management company’s stock valued at $8,123,000 after purchasing an additional 8,735 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. HSBC raised their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research report on Monday, September 28th. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Finally, UBS Group dropped their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,050.32.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $884.42 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $743.11 and a 52 week high of $1,153.99. The stock has a market capitalization of $257.52 billion, a PE ratio of 12.72, a PEG ratio of 0.83 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 stock’s fifty day moving average is $968.62 and its 200-day moving average is $991.00.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business 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 earnings per share. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 70.26 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 Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is currently 28.76%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, an actively managed and options-based ETF firm with approximately $30 billion in assets. The transaction could strengthen Goldman’s asset-management platform and diversify revenue beyond investment banking. Goldman Sachs Is Paying Up to $2.25 Billion for a $30 Billion ETF Business
• Positive Sentiment: Goldman is expanding tokenization initiatives across trading, payments and wealth management, potentially creating longer-term growth opportunities by applying digital-asset infrastructure to institutional and private-wealth clients. Could Goldman Sachs Tokenization Push Reshape Its Future Business Mix?
• Positive Sentiment: Goldman’s prime brokerage data and market commentary highlight continued client activity and volatility, conditions that can benefit its trading and investment-banking businesses. The bank also continues to forecast a potential year-end equity-market rally. Goldman Sachs Is Still Betting on a Year-End Rally
• Neutral Sentiment: Goldman and other major financial institutions objected to OKX’s tokenized-stock offering, suggesting the bank supports regulated digital-asset development while resisting structures it views as potentially problematic for market oversight or investor protection. Microsoft, Alphabet and Goldman Sachs Join Objections to Tokenized Stocks
• Negative Sentiment: BMO Capital Markets lowered its price target for GS from $970 to $950 and reiterated a Market Perform rating. Although the revised target implies upside from the referenced share price, the reduction signals more cautious expectations for valuation or earnings growth. Goldman Sachs Price Target Lowered at BMO Capital
• Negative Sentiment: Goldman’s warnings about a prolonged U.S. housing slowdown and its report that hedge funds sharply reduced technology exposure point to weaker deal activity and potentially more volatile markets. These trends could weigh on investment-banking fees and investor risk appetite. Goldman Sachs Expects the Housing Market to Get Worse

The Goldman Sachs Group Profile

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.