The Goldman Sachs Group, Inc. $GS Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 276,021 shares of the investment management company’s stock after selling 18,676 shares during the quarter. Fifth Third Bancorp owned about 0.10% of The Goldman Sachs Group worth $248,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. lifted its holdings in shares of The Goldman Sachs Group by 4.4% during the third quarter. Endeavor Private Wealth Inc. now owns 428 shares of the investment management company’s stock valued at $386,000 after purchasing an additional 18 shares during the last quarter. Spectrum Planning & Advisory Services Inc. boosted its position in shares of The Goldman Sachs Group by 14.6% in the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 598 shares of the investment management company’s stock worth $539,000 after purchasing an additional 76 shares in the last quarter. CFM Wealth Partners LLC boosted its position in shares of The Goldman Sachs Group by 0.7% in the 3rd quarter. CFM Wealth Partners LLC now owns 4,570 shares of the investment management company’s stock worth $4,115,000 after purchasing an additional 32 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of The Goldman Sachs Group by 13.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,715 shares of the investment management company’s stock worth $15,950,000 after buying an additional 2,165 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp grew its stake in shares of The Goldman Sachs Group by 20.9% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 491 shares of the investment management company’s stock worth $442,000 after buying an additional 85 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Recent The Goldman Sachs Group Headlines

Here are a few of the latest headlines about GS:

• Positive Sentiment: Goldman raised its dividend by 11% and continues substantial share repurchases, a supportive signal for shareholder returns backed by its liquidity position. Article: GS’ Capital Distribution Strategy
• Positive Sentiment: CEO David Solomon cited strong demand for AI infrastructure financing, and Goldman is involved in the planned Anthropic IPO. Financing and underwriting activity could create opportunities for the firm. Article: Goldman Sachs Sees Strong Demand for AI Infrastructure Financing
• Neutral Sentiment: Goldman analysts reportedly project Anthropic could generate $685 billion in revenue by 2030. That forecast underscores the scale of the potential IPO opportunity, but depends on highly ambitious growth assumptions. Article: Goldman Sees Anthropic Revenue Hitting $685 Billion by 2030

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Citigroup reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. Loop Capital set a $1,050.00 target price on The Goldman Sachs Group in a research note on Thursday, October 8th. Royal Bank Of Canada reduced 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 report on Wednesday, October 14th. Finally, Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,052.04.

Insider Activity

In other news, CEO David M. Solomon sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was 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 of the company’s stock, valued at $144,968,409.60. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ericka T. Leslie sold 100 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the completion of the transaction, the insider directly owned 10,460 shares in the company, valued at $9,688,888.80. This trade represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,500 shares of company stock valued at $11,380,508 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $927.11 on Thursday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.61 and a quick ratio of 0.61. The Goldman Sachs Group, Inc. has a one year low of $754.00 and a one year high of $1,153.99. The firm has a market capitalization of $267.41 billion, a P/E ratio of 13.33, a PEG ratio of 0.85 and a beta of 1.29. The business has a fifty day moving average of $926.09 and a 200 day moving average of $956.18.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The Goldman Sachs Group’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.25 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business 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 firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.