Triasima Portfolio Management inc. Sells 3,080 Shares of The Goldman Sachs Group, Inc. $GS

Triasima Portfolio Management inc. lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 36.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,367 shares of the investment management company’s stock after selling 3,080 shares during the period. Triasima Portfolio Management inc.’s holdings in The Goldman Sachs Group were worth $4,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Turim 21 Investimentos Ltda. purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $25,000. Strive Financial Group LLC raised its stake in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. boosted its holdings in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after buying an additional 17 shares during the last quarter. Steph & Co. purchased a new position in shares of The Goldman Sachs Group in the 1st quarter worth about $27,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 100.0% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: New Buy rating: TD Cowen initiated coverage of GS with a Buy rating, providing fresh bullish support for the stock. TD Cowen initiates coverage of Goldman Sachs Group at Buy
• Positive Sentiment: Exceptional Q3 performance: Goldman reported $17.01 in earnings per share and $18.68 billion in revenue, exceeding estimates of $12.86 and $16.83 billion, respectively. Earnings rose 39% year over year, supported by a 72% increase in equities revenue, stronger investment-banking fees and record advisory activity. Wall Street earnings split
• Positive Sentiment: Growth opportunities remain substantial: Management pointed to strong deal pipelines, financing and wealth-management growth, elevated capital-markets activity and $4.1 trillion in assets under supervision. Goldman also declared a $5 quarterly dividend. Zacks Analyst Blog highlights Goldman Sachs
• Neutral Sentiment: CEO David Solomon said the underlying economy remains strong, but abrupt interest-rate moves are creating headwinds. Rising AI infrastructure costs and uncertainty around rates could temper future profitability. Goldman CEO discusses rate headwinds
• Negative Sentiment: Citigroup and RBC lowered their price targets and retained Neutral or Sector Perform ratings, signaling that strong results may already be reflected in the valuation. Analysts lower Goldman Sachs forecasts
• Negative Sentiment: Hotter inflation data has increased concern that interest rates may remain restrictive, weighing on bank valuations and dealmaking expectations. What Goldman Sachs sees next

Analysts Set New Price Targets

Several research firms recently weighed in on GS. Bank of America increased their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods lowered their price objective on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a research report on Wednesday. Rothschild & Co Redburn lifted their price objective on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. UBS Group dropped their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,050.55.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $891.51 on Friday. 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 business has a fifty day simple moving average of $977.91 and a two-hundred day simple moving average of $990.11. The Goldman Sachs Group, Inc. has a 1 year low of $740.01 and a 1 year high of $1,153.99. The company has a market capitalization of $259.58 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.97 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same period in the previous year, the company posted $12.25 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 67.48 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

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.