Cadinha & Co. LLC Makes New Investment in The Goldman Sachs Group, Inc. $GS

Cadinha & Co. LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,125 shares of the investment management company’s stock, valued at approximately $15,230,000. The Goldman Sachs Group makes up approximately 2.1% of Cadinha & Co. LLC’s holdings, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Winthrop Advisory Group LLC increased its position in The Goldman Sachs Group by 3.4% during the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 14 shares during the period. Avion Wealth lifted its position in shares of The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after purchasing an additional 14 shares during the period. KPP Advisory Services LLC boosted its stake in shares of The Goldman Sachs Group by 2.1% during the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 14 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in The Goldman Sachs Group by 2.2% during the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock valued at $462,000 after buying an additional 14 shares during the period. Finally, Ignite Planners LLC increased its holdings in The Goldman Sachs Group by 4.2% during the third quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock valued at $280,000 after buying an additional 14 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: High-profile endorsement: TV investor Jim Cramer says he holds GS in a charitable trust and highlights the stock’s strong YTD gain and benefits from market activity and lower rates, a sentiment booster for retail investors. I Have Goldman Sachs (GS) in My Charitable Trust, Says Jim Cramer
• Neutral Sentiment: Research product — AT&T outlook: Goldman Sachs’ analysts forecast AT&T will accelerate buybacks as free cash flow grows; this is a sell-side call that underscores GS’s ongoing research revenue stream but is not a direct corporate catalyst for GS shares. Goldman Sachs Forecasts AT&T (T) Buyback Ramp-Up Fueled by 8% Free Cash Flow Growth
• Neutral Sentiment: Macro/research insight on layoffs: Goldman research finds investor reactions to layoffs have shifted (stocks now decline on average after cuts). This strengthens GS’s franchise as a market commentator but doesn’t directly move GS’s fundamentals. Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff
• Neutral Sentiment: 1MDB courtroom development: Former Malaysian PM Najib Razak convicted in the 1MDB scandal; historically linked cases can keep legal/regulatory risks in public view, but this specific conviction is not a new direct exposure for GS. Former Malaysian Prime Minister Najib Razak convicted in trial over 1MDB corruption scandal
• Negative Sentiment: Private-credit troubles: The WSJ reports Goldman’s private-credit business is struggling to unwind soured loans and reposition portfolios, which could weigh on fee income, raise mark-to-market losses for alternatives, and increase investor scrutiny of GS’s asset-management unit. This is a direct portfolio/earnings risk. Goldman Sachs’s Private-Credit Company Struggles to Clean Up Soured Bets
• Negative Sentiment: Third‑party data breach risk: Goldman alerted some alternative-fund investors that client data may have been exposed after a cybersecurity incident at law firm Fried Frank, raising reputational, client‑notification and potential legal costs. Investors often react negatively to operational/cyber risks. Goldman Sachs Says Some Client Data May Have Been Exposed in Third-Party Data Breach

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $907.94 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. The company has a market cap of $272.32 billion, a PE ratio of 18.44, a P/E/G ratio of 1.19 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50-day simple moving average of $823.96 and a two-hundred day simple moving average of $764.24.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The Goldman Sachs Group’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $8.40 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s payout ratio is 32.50%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Rothschild & Co Redburn increased their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. UBS Group raised their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada boosted their target price on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a report on Friday, December 12th. Finally, Evercore ISI increased their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $792.67.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.