Fairvoy Private Wealth LLC Purchases 1,848 Shares of The Goldman Sachs Group, Inc. $GS

Fairvoy Private Wealth LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 55.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,183 shares of the investment management company’s stock after buying an additional 1,848 shares during the period. The Goldman Sachs Group makes up about 0.9% of Fairvoy Private Wealth LLC’s portfolio, making the stock its 29th biggest holding. Fairvoy Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $4,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Teamwork Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.7% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 13,767 shares of the investment management company’s stock valued at $12,396,000 after buying an additional 236 shares during the period. Richards Merrill & Peterson Inc. lifted its stake in The Goldman Sachs Group by 20.8% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 377 shares of the investment management company’s stock worth $339,000 after acquiring an additional 65 shares in the last quarter. Washburn Capital Management Inc. boosted its holdings in The Goldman Sachs Group by 7.2% during the 3rd quarter. Washburn Capital Management Inc. now owns 774 shares of the investment management company’s stock valued at $697,000 after acquiring an additional 52 shares during the period. Talbot Financial LLC grew its position in The Goldman Sachs Group by 2.0% in the 3rd quarter. Talbot Financial LLC now owns 48,808 shares of the investment management company’s stock valued at $43,945,000 after acquiring an additional 971 shares in the last quarter. Finally, OceanIQ Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $396,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Rothschild & Co Redburn raised their price objective on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Oppenheimer cut shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. Finally, Loop Capital set a $1,050.00 target price on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $1,050.32.

The Goldman Sachs Group Stock Down 0.7%

Shares of NYSE GS traded down $6.26 during mid-day trading on Monday, hitting $875.00. The company had a trading volume of 2,506,154 shares, compared to its average volume of 2,223,370. The company has a market capitalization of $254.77 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. 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 Goldman Sachs Group, Inc. has a 1-year low of $743.11 and a 1-year high of $1,153.99. The business’s 50-day simple moving average is $974.71 and its 200 day simple moving average is $990.62.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $16.83 billion. During the same period last year, the business posted $12.25 earnings per share. The Goldman Sachs Group’s revenue was up 23.0% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 69.57 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be given a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs and Evercore are exploring evergreen continuation funds that could allow private-equity firms to hold assets for 10 to 15 years or longer. The structures could create additional advisory, financing and asset-management fees for Goldman. Goldman, Evercore Explore Funds That Would Let PE Firms Hold Assets for 15 Years
• Positive Sentiment: Goldman’s chief executive continues to identify tokenization of bonds, money-market funds and real estate as a potential source of future revenue across trading, payments and wealth management. Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
• Positive Sentiment: Thirty-five exchange-traded funds reportedly added to their GS holdings on October 15, indicating continued institutional demand for the stock. 35 ETFs Add to Goldman Sachs Holdings
• Neutral Sentiment: Goldman said hedge funds cut technology exposure at the fastest pace in at least a decade through October 15 as the AI trade weakened. The report highlights elevated market risk, although continued trading volatility could also support Goldman’s market-making and prime-brokerage businesses. Hedge Funds Cut Tech Stocks at Record Pace
• Negative Sentiment: BMO Capital Markets lowered its GS price target from $970 to $950 and maintained a “market perform” rating, signaling less near-term upside following the stock’s recent weakness. Goldman Sachs Price Target Lowered at BMO

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.