The Goldman Sachs Group, Inc. $GS Stock Sold by Congress Asset Management Co.

Congress Asset Management Co. lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 22.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,701 shares of the investment management company’s stock after selling 41,392 shares during the quarter. Congress Asset Management Co.’s holdings in The Goldman Sachs Group were worth $126,681,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New Hampshire lifted its position in shares of The Goldman Sachs Group by 83.9% during the 3rd quarter. Bank of New Hampshire now owns 1,881 shares of the investment management company’s stock valued at $1,694,000 after acquiring an additional 858 shares during the period. RVW Wealth LLC grew its holdings in shares of The Goldman Sachs Group by 1.0% in the 3rd quarter. RVW Wealth LLC now owns 1,199 shares of the investment management company’s stock worth $1,080,000 after acquiring an additional 12 shares during the period. Byrne Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 97.3% in the 3rd quarter. Byrne Asset Management LLC now owns 513 shares of the investment management company’s stock worth $460,000 after acquiring an additional 253 shares during the period. Rosenberg Matthew Hamilton increased its stake in The Goldman Sachs Group by 5.1% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,165 shares of the investment management company’s stock valued at $1,049,000 after purchasing an additional 57 shares in the last quarter. Finally, Park National Corp OH increased its stake in The Goldman Sachs Group by 45.0% in the 3rd quarter. Park National Corp OH now owns 474 shares of the investment management company’s stock valued at $427,000 after purchasing an additional 147 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a research report on Friday, September 25th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research report on Wednesday, July 15th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Weiss Ratings upgraded shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Citigroup lowered their price objective on shares of The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,055.60.

The Goldman Sachs Group Trading Up 0.5%

Shares of NYSE:GS traded up $4.30 during trading on Tuesday, reaching $897.76. The stock had a trading volume of 2,048,461 shares, compared to its average volume of 2,203,163. The business has a fifty day moving average price of $1,000.26 and a 200-day moving average price of $986.21. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market cap of $261.40 billion, a P/E ratio of 13.86, a PEG ratio of 0.93 and a beta of 1.29. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) 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 business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the prior year, the firm posted $10.91 earnings per share. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 68.4 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is currently 30.87%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Despite the pullback, Goldman Sachs’ valuation continues to offer potential upside. BMO’s $970 target and UBS’s $1,010 target remain above the recent trading level, suggesting analysts see recovery potential if earnings and capital-markets activity remain strong. BMO price-target report
• Positive Sentiment: Goldman’s research team remains constructive on broader equities, forecasting a possible record high for the S&P 500 by year-end. A stronger market could support Goldman’s trading, investment-banking, and asset-management businesses. Goldman Sachs S&P 500 outlook
• Neutral Sentiment: Goldman Sachs’ warnings that rising interest rates could worsen the U.S. debt burden—including a forecast that debt-to-GDP may reach 132% by 2035—highlight macroeconomic risks but do not directly change the company’s earnings outlook. Goldman Sachs U.S. debt warning
• Negative Sentiment: CEO David Solomon has indicated Goldman is not ready to raise its 14%–16% through-the-cycle return-on-equity target. That restraint suggests management sees limited near-term visibility for improving profitability and may weigh on valuation ahead of the company’s October 13 earnings report. Goldman Sachs ROE target analysis
• Negative Sentiment: Goldman Sachs and Man Group were identified as victims of an EY data breach. The disclosure adds reputational, cybersecurity, and potential remediation risks, although the financial impact is not yet clear. EY data-breach report
• Negative Sentiment: BMO lowered its price target to $970 and UBS cut its target to $1,010, with both firms maintaining neutral or market-perform views. The revisions reinforce concerns that the stock’s earnings growth and valuation recovery may take time. Goldman Sachs analyst-target updates

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.