The Goldman Sachs Group, Inc. $GS Stock Sold by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,057 shares of the investment management company’s stock after selling 1,094 shares during the quarter. The Goldman Sachs Group comprises 3.8% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 4th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in The Goldman Sachs Group were worth $19,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 11.7% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 857 shares of the investment management company’s stock valued at $771,000 after purchasing an additional 90 shares during the last quarter. Generali Asset Management SPA SGR boosted its holdings in The Goldman Sachs Group by 19.9% in the third quarter. Generali Asset Management SPA SGR now owns 32,420 shares of the investment management company’s stock worth $29,190,000 after purchasing an additional 5,386 shares in the last quarter. MADDEN SECURITIES Corp bought a new position in The Goldman Sachs Group during the third quarter valued at about $123,000. Balance Wealth Partners LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter worth about $66,000. Finally, SYM FINANCIAL Corp lifted its position in shares of The Goldman Sachs Group by 31.7% in the third quarter. SYM FINANCIAL Corp now owns 628 shares of the investment management company’s stock worth $566,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, CEO David Solomon sold 12,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the sale, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This represents a 7.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ericka Leslie sold 250 shares of the firm’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 directly owned 10,710 shares in the company, valued at $9,534,577.50. This trade represents a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.6%

The Goldman Sachs Group stock opened at $926.23 on Thursday. The firm has a market cap of $269.69 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.83 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The firm has a fifty day moving average price of $951.75 and a two-hundred day moving average price of $958.39.

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 company had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $12.25 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 28.76%.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. Loop Capital set a $1,050.00 price target on The Goldman Sachs Group in a research note on Thursday, October 8th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a report on Friday, September 25th. Finally, Freedom Broker raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and decreased their target price for the stock from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $1,049.52.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: An analyst upgrade helped support GS shares. Goldman’s recent earnings showed substantial upside versus estimates, with earnings per share of $17.01 versus a $12.86 consensus and revenue growth of 23% year over year. Goldman Sachs Shares Climb on Analyst Upgrade
• Positive Sentiment: Goldman Sachs and Morgan Stanley are reportedly positioned to lead a planned Anthropic initial public offering. The mandate could generate underwriting and advisory fees while strengthening Goldman’s role in AI-related capital markets. Cramer Says Anthropic’s IPO Makes Goldman Sachs a Buy
• Positive Sentiment: Goldman ranked first by value among consumer M&A advisers in the first three quarters, advising on 10 transactions worth $57.14 billion. Continued deal activity could benefit its investment-banking revenue. Goldman Sachs Leads Consumer M&A Advisers
• Positive Sentiment: Goldman is using EquiLend’s distributed-ledger platform for securities finance, potentially improving operational efficiency and reducing reconciliation costs. The near-term earnings impact is likely limited, but the move supports longer-term modernization. EquiLend’s 1Source Adds Goldman Sachs
• Neutral Sentiment: Goldman’s research on AI’s effect on employment and its warnings about CoreWeave’s potentially approaching $100 billion of debt highlight both the commercial opportunity and financial risks surrounding the AI investment cycle. Goldman Sachs on CoreWeave Debt
• Negative Sentiment: CEO David Solomon sold 12,000 shares for approximately $10.9 million, reducing his direct holdings by 7.01%. The sale may weigh modestly on sentiment, although it does not by itself indicate deteriorating fundamentals. SEC Filing for David Solomon Share Sale

The Goldman Sachs Group Company 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.