The Goldman Sachs Group, Inc. $GS Stock Position Lessened by Calamos Advisors LLC

Calamos Advisors LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,509 shares of the investment management company’s stock after selling 16,202 shares during the quarter. Calamos Advisors LLC owned approximately 0.05% of The Goldman Sachs Group worth $134,612,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Liberty Capital Management Inc. boosted its position in The Goldman Sachs Group by 2.5% during the 3rd quarter. Liberty Capital Management Inc. now owns 1,655 shares of the investment management company’s stock valued at $1,490,000 after acquiring an additional 40 shares in the last quarter. Alta Advisers Ltd boosted its position in shares of The Goldman Sachs Group by 85.9% during the third quarter. Alta Advisers Ltd now owns 2,115 shares of the investment management company’s stock valued at $1,904,000 after purchasing an additional 977 shares in the last quarter. Legacy Financial Independent Advisors LLC grew its stake in The Goldman Sachs Group by 735.6% in the third quarter. Legacy Financial Independent Advisors LLC now owns 3,075 shares of the investment management company’s stock worth $2,769,000 after purchasing an additional 2,707 shares during the period. Kestra Advisory Services LLC raised its holdings in The Goldman Sachs Group by 4.9% in the third quarter. Kestra Advisory Services LLC now owns 87,803 shares of the investment management company’s stock worth $79,054,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Claro Advisors Inc. raised its holdings in The Goldman Sachs Group by 66.7% in the third quarter. Claro Advisors Inc. now owns 935 shares of the investment management company’s stock worth $842,000 after purchasing an additional 374 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka Leslie sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the transaction, the insider directly owned 10,460 shares of the company’s stock, valued at approximately $9,688,888.80. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $10,928,640.00. Following the completion of the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,500 shares of company stock worth $11,380,508 in the last three months. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $3.07 during mid-day trading on Friday, reaching $865.88. The company’s stock had a trading volume of 2,481,265 shares, compared to its average volume of 2,283,557. The firm’s fifty day moving average price is $932.40 and its two-hundred day moving average price is $956.58. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The stock has a market cap of $252.12 billion, a P/E ratio of 12.45, a PEG ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $754.00 and a 12-month high of $1,153.99.

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, topping analysts’ consensus estimates of $12.86 by $4.15. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period last year, the business posted $12.25 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.

Analyst Ratings Changes

A number of brokerages have recently commented on GS. Weiss Ratings cut shares of The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. HSBC lifted their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research report on Monday, September 28th. TD Cowen started coverage on shares of The Goldman Sachs Group in a report on Thursday, October 8th. They issued a “buy” rating and a $1,050.00 price objective on the stock. Freedom Broker raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and decreased their target price for the company from $1,200.00 to $1,100.00 in a research note on Friday, October 23rd. Finally, Wells Fargo & Company lowered their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,052.04.

About The Goldman Sachs Group

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.