North Point Portfolio Managers Corp OH Reduces Stock Holdings in The Goldman Sachs Group, Inc. $GS

North Point Portfolio Managers Corp OH reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,127 shares of the investment management company’s stock after selling 614 shares during the quarter. The Goldman Sachs Group accounts for approximately 3.7% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 9th biggest position. North Point Portfolio Managers Corp OH’s holdings in The Goldman Sachs Group were worth $19,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Sky Investment Group LLC increased its holdings in shares of The Goldman Sachs Group by 0.9% during the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock valued at $1,181,000 after purchasing an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 3.9% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock worth $272,000 after acquiring an additional 10 shares in the last quarter. First Financial Group Corp raised its holdings in The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock worth $208,000 after purchasing an additional 11 shares during the period. Meadow Creek Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock valued at $569,000 after buying an additional 11 shares in the last quarter. Finally, DecisionMap Wealth Management LLC grew its stake in The Goldman Sachs Group by 3.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock valued at $354,000 after acquiring an additional 11 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: The recent selloff has made GS look more attractively valued, according to a Seeking Alpha analysis. The stock’s valuation and long-term earnings potential could support a rebound if upcoming results remain strong. Goldman Sachs: Selloff Makes Stock a Value Play
• Positive Sentiment: Goldman Sachs expects artificial-intelligence investment to help drive a projected 27% increase in S&P 500 profits. Continued capital-markets and investment-banking activity tied to AI could benefit Goldman’s advisory and financing businesses. Goldman Sachs forecasts S&P 500 profit growth
• Neutral Sentiment: Goldman Sachs is scheduled to report earnings soon. Analysts are watching whether strong recent earnings momentum can continue, but a Zacks preview says the company does not have a particularly favorable combination of earnings-surprise indicators.
• Neutral Sentiment: Goldman’s wealth-management clients were included in an EY data breach. The firm says its own systems were not compromised and client assets remain safe, limiting the immediate financial impact, though reputational and compliance risks remain. Goldman Sachs client data exposed in EY data breach
• Negative Sentiment: Citi has overtaken Goldman Sachs in global IPO underwriting rankings after winning several marquee listings, including SpaceX and SK Hynix. The development raises concerns that Goldman could lose future equity-capital-markets mandates and related fees. Is Goldman Sachs losing its grip on global IPO underwriting?
• Negative Sentiment: UBS lowered its price target to $1,010 from $1,150 and maintained a neutral rating, while BMO cut its target to $970 and retained a market-perform rating. These revisions signal more cautious expectations despite implied upside from current levels.
• Negative Sentiment: Goldman is not yet ready to raise its 14%–16% through-the-cycle return-on-equity target. Investors may interpret the lack of a higher target as evidence that management sees limited near-term room for profitability improvement.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Barclays raised their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wall Street Zen lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Finally, Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,055.60.

The Goldman Sachs Group Trading Down 1.2%

The Goldman Sachs Group stock traded down $11.15 during midday trading on Wednesday, hitting $886.03. 1,409,964 shares of the stock were exchanged, compared to its average volume of 2,198,760. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The stock has a market capitalization of $257.98 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.92 and a beta of 1.29. The stock’s 50-day simple moving average is $997.52 and its 200 day simple moving average is $986.86. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the business posted $10.91 EPS. The Goldman Sachs Group’s revenue was up 39.4% on a year-over-year basis. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 68.31 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were issued a $5.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 1st. The Goldman Sachs Group’s payout ratio is currently 30.87%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.