21,509 The Goldman Sachs Group, Inc. $GS Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,239 shares of the investment management company’s stock after purchasing an additional 21,509 shares during the quarter. Pictet Asset Management Holding SA owned 0.07% of The Goldman Sachs Group worth $196,495,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Verus Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 93.4% in the third quarter. Verus Capital Partners LLC now owns 526 shares of the investment management company’s stock worth $474,000 after buying an additional 254 shares during the last quarter. Pegasus Asset Management Inc. boosted its stake in The Goldman Sachs Group by 0.7% during the 3rd quarter. Pegasus Asset Management Inc. now owns 13,978 shares of the investment management company’s stock valued at $12,585,000 after acquiring an additional 103 shares during the last quarter. Parallel Advisors LLC boosted its stake in The Goldman Sachs Group by 4.7% during the 3rd quarter. Parallel Advisors LLC now owns 7,940 shares of the investment management company’s stock valued at $7,149,000 after acquiring an additional 354 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in The Goldman Sachs Group by 3.4% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,413 shares of the investment management company’s stock worth $1,272,000 after acquiring an additional 47 shares in the last quarter. Finally, Abacus Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 2.8% during the 3rd quarter. Abacus Wealth Partners LLC now owns 1,318 shares of the investment management company’s stock worth $1,187,000 after acquiring an additional 36 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen started 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 target price for the company. Loop Capital set a $1,050.00 price target on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. Barclays lifted their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. UBS Group lowered their price objective on The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating for the company in a report on Monday, November 2nd. Finally, Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. One equities 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,052.04.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

The Goldman Sachs Group Trading Up 0.0%

NYSE GS opened at $865.88 on Monday. The Goldman Sachs Group, Inc. has a one year low of $754.00 and a one year high of $1,153.99. The company has a 50-day simple moving average of $932.40 and a 200-day simple moving average of $956.58. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $249.75 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.81 and a beta of 1.29.

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, beating analysts’ consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.25 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 28.76%.

Insider Activity at The Goldman Sachs Group

In other news, CEO David Solomon sold 12,000 shares of the company’s 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 transaction, the chief executive officer directly owned 159,180 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ericka Leslie sold 250 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total value of $222,562.50. Following the sale, the insider owned 10,710 shares in the company, valued at $9,534,577.50. The trade was a 2.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,500 shares of company stock valued at $11,380,508 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

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.

Goldman Sachs also provides consumer financial products and digital financial services.