Bank of New Hampshire Buys 858 Shares of The Goldman Sachs Group, Inc. $GS

by · The Markets Daily

Bank of New Hampshire grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 83.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,881 shares of the investment management company’s stock after buying an additional 858 shares during the period. Bank of New Hampshire’s holdings in The Goldman Sachs Group were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Audent Global Asset Management LLC grew its position in shares of The Goldman Sachs Group by 10.1% in the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock valued at $4,604,000 after purchasing an additional 479 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at $53,720,000. Oak Grove Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $1,890,000. Sax Wealth Advisors LLC boosted its position in shares of The Goldman Sachs Group by 148.7% in the second quarter. Sax Wealth Advisors LLC now owns 3,529 shares of the investment management company’s stock valued at $3,569,000 after acquiring an additional 2,110 shares during the period. Finally, Liontrust Investment Partners LLP grew its stake in shares of The Goldman Sachs Group by 1,007.5% in the first quarter. Liontrust Investment Partners LLP now owns 9,602 shares of the investment management company’s stock valued at $8,123,000 after acquiring an additional 8,735 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $4.30 on Tuesday, reaching $897.76. 2,048,461 shares of the stock were exchanged, compared to its average volume of 2,203,163. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $261.40 billion, a PE ratio of 13.86, a P/E/G ratio of 0.93 and a beta of 1.29. The firm’s 50 day moving average is $1,000.26 and its 200-day moving average is $986.21. The Goldman Sachs Group, Inc. has a one year low of $740.01 and a one year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the firm posted $10.91 earnings per share. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 68.4 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were paid a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is 30.87%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America lifted their price objective 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 lifted their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research report on Wednesday, July 15th. Barclays raised their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,055.60.

Read Our Latest Report on GS

The Goldman Sachs Group News Summary

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

  • Positive Sentiment: Despite the pullback, Goldman Sachs’ valuation continues to offer potential upside. BMO’s $970 target and UBS’s $1,010 target remain above the recent trading level, suggesting analysts see recovery potential if earnings and capital-markets activity remain strong. BMO price-target report
  • Positive Sentiment: Goldman’s research team remains constructive on broader equities, forecasting a possible record high for the S&P 500 by year-end. A stronger market could support Goldman’s trading, investment-banking, and asset-management businesses. Goldman Sachs S&P 500 outlook
  • Neutral Sentiment: Goldman Sachs’ warnings that rising interest rates could worsen the U.S. debt burden—including a forecast that debt-to-GDP may reach 132% by 2035—highlight macroeconomic risks but do not directly change the company’s earnings outlook. Goldman Sachs U.S. debt warning
  • Negative Sentiment: CEO David Solomon has indicated Goldman is not ready to raise its 14%–16% through-the-cycle return-on-equity target. That restraint suggests management sees limited near-term visibility for improving profitability and may weigh on valuation ahead of the company’s October 13 earnings report. Goldman Sachs ROE target analysis
  • Negative Sentiment: Goldman Sachs and Man Group were identified as victims of an EY data breach. The disclosure adds reputational, cybersecurity, and potential remediation risks, although the financial impact is not yet clear. EY data-breach report
  • Negative Sentiment: BMO lowered its price target to $970 and UBS cut its target to $1,010, with both firms maintaining neutral or market-perform views. The revisions reinforce concerns that the stock’s earnings growth and valuation recovery may take time. Goldman Sachs analyst-target updates

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

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