The Goldman Sachs Group, Inc. $GS Stock Purchased by Fairvoy Private Wealth LLC

by · The Cerbat Gem

Fairvoy Private Wealth LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 55.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,183 shares of the investment management company’s stock after buying an additional 1,848 shares during the quarter. The Goldman Sachs Group comprises 0.9% of Fairvoy Private Wealth LLC’s holdings, making the stock its 29th largest position. Fairvoy Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $4,667,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Teamwork Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.7% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 13,767 shares of the investment management company’s stock worth $12,396,000 after acquiring an additional 236 shares during the period. Richards Merrill & Peterson Inc. boosted its position in shares of 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 valued at $339,000 after acquiring an additional 65 shares during the last quarter. Washburn Capital Management Inc. boosted its position in shares of 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 last quarter. Talbot Financial LLC grew its holdings in shares of The Goldman Sachs Group by 2.0% in the third quarter. Talbot Financial LLC now owns 48,808 shares of the investment management company’s stock valued at $43,945,000 after purchasing an additional 971 shares during the period. Finally, OceanIQ Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $396,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.7%

NYSE:GS traded down $6.26 on Monday, reaching $875.00. The company’s stock had a trading volume of 2,506,154 shares, compared to its average volume of 2,223,370. The firm has a market cap of $254.77 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82. The Goldman Sachs Group, Inc. has a 12-month low of $743.11 and a 12-month high of $1,153.99. The stock has a 50 day moving average price of $974.71 and a 200 day moving average price of $990.62.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data 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 firm 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 19.55%. The Goldman Sachs Group’s revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm earned $12.25 EPS. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 69.57 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s payout ratio is 28.76%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. UBS Group decreased 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 report on Monday, October 5th. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. HSBC increased their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Finally, Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,050.32.

View Our Latest Report on The Goldman Sachs Group

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

About The Goldman Sachs Group

(Free Report)

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.

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