The Goldman Sachs Group, Inc. $GS Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1,529.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,206 shares of the investment management company’s stock after acquiring an additional 1,132 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $53,720,000. Envestnet Portfolio Solutions Inc. lifted its position in The Goldman Sachs Group by 14.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after buying an additional 2,230 shares in the last quarter. IPG Investment Advisors LLC lifted its position in The Goldman Sachs Group by 21.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 7,250 shares of the investment management company’s stock worth $7,332,000 after buying an additional 1,272 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 148.7% during the 2nd quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company’s stock worth $3,569,000 after buying an additional 2,110 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of The Goldman Sachs Group by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 110,233 shares of the investment management company’s stock worth $111,487,000 after buying an additional 3,063 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the transaction, the insider owned 10,710 shares of the company’s stock, valued at $9,534,577.50. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Solomon sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the sale, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This represents a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,500 shares of company stock worth $11,380,508. Company insiders own 0.55% 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: Goldman Sachs and Apollo are reportedly in talks related to selling a $40 billion SpaceX AI deal. If Goldman helps arrange or execute the transaction, it could generate advisory or financing fees. Article: Goldman, Apollo in Talks to Sell SpaceX’s $40 Billion AI Deal
• Positive Sentiment: Goldman is also reported to be in talks to acquire a controlling stake in a South Korean mobility app. A transaction could create investment opportunities, although terms and the outcome were not reported. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Neutral Sentiment: Goldman’s strategist said corporate leaders may accelerate plans to expand computing capacity amid uncertainty about future policy. That could support AI-related investment, but the article does not identify a direct or immediate benefit to Goldman’s results. Article: The AI Trade Has Been Sold to Death, but Goldman Strategist Highlights Silver Lining
• Negative Sentiment: Goldman has reportedly limited access to certain AI coding tools to engineers and quantitative specialists after reviewing productivity and risk controls. The move may limit broader employee use of the tools, though the financial impact is unclear. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $929.21 on Thursday. The company has a fifty day moving average price of $939.32 and a two-hundred day moving average price of $957.43. The Goldman Sachs Group, Inc. has a one year low of $754.00 and a one year high of $1,153.99. The stock has a market cap of $268.01 billion, a P/E ratio of 13.36, a P/E/G ratio of 0.84 and a beta of 1.29. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.61 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The Goldman Sachs Group’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business earned $12.25 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. UBS Group decreased 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. Weiss Ratings lowered The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Loop Capital set a $1,050.00 target price on The Goldman Sachs Group in a report on Thursday, October 8th. Royal Bank Of Canada decreased their price target on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 14th. Finally, JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, October 16th. 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,052.04.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.