Factory Mutual Insurance Co. Sells 2,950 Shares of The Goldman Sachs Group, Inc. $GS

Factory Mutual Insurance Co. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,350 shares of the investment management company’s stock after selling 2,950 shares during the quarter. Factory Mutual Insurance Co.’s holdings in The Goldman Sachs Group were worth $22,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in The Goldman Sachs Group in the second quarter worth $24,172,123,000. Bank of America Corp DE bought a new position in shares of The Goldman Sachs Group during the second quarter valued at $6,756,772,000. Orange County Employees Retirement System bought a new position in shares of The Goldman Sachs Group during the second quarter valued at $69,537,544,000. Bank of New York Mellon Corp bought a new position in shares of The Goldman Sachs Group during the second quarter valued at $2,560,028,000. Finally, International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter worth about $2,024,921,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Neutral Sentiment: Goldman is reportedly in talks to acquire a controlling stake in a South Korean mobility app. The discussions could support expansion into a new business, but terms and the likelihood of a deal have not been disclosed. Article: Goldman Sachs Enters Talks For Controlling Stake In South Korean Mobility App
• Negative Sentiment: UBS lowered its price target on GS from $1,010 to $1,000 and maintained a Neutral rating, a modestly cautious signal from an analyst. Article: UBS Group price target update
• Negative Sentiment: The SPDR Dow Jones Industrial Average ETF reportedly sold its GS holding on Oct. 30 as it reduced all 30 positions. The sale may add some flow pressure, though it appears part of a broad portfolio reduction rather than a company-specific move. Article: SPDR Dow Jones Industrial Average ETF Sells Goldman Sachs
• Negative Sentiment: Goldman is restricting access to some AI coding tools largely to engineers and quantitative specialists, reversing broader employee access. The move reflects risk controls, but could temper expectations for productivity gains from widespread employee use of AI tools. Article: Goldman Benches Its Vibe Coders While BNY Lets Everyone Build

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price target on shares of The Goldman Sachs Group from $1,010.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Monday. Freedom Broker upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and reduced their price objective for the company from $1,200.00 to $1,100.00 in a research note on Friday, October 23rd. BMO Capital Markets reduced their price objective on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating for the company in a research note on Monday, October 19th. TD Cowen initiated 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 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,052.04.

Insider Activity at The Goldman Sachs Group

In other news, CEO David Solomon sold 12,000 shares of the 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 transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ericka Leslie sold 250 shares of the firm’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 completion of the transaction, the insider directly owned 10,710 shares in the company, valued at approximately $9,534,577.50. The trade was a 2.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,500 shares of company stock worth $11,380,508 in the last quarter. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Down 0.5%

GS stock opened at $894.43 on Wednesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The business’s 50-day moving average is $941.95 and its two-hundred day moving average is $957.66. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The company has a market cap of $260.43 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period last year, the firm posted $12.25 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

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.