Ascent Group LLC Acquires 2,503 Shares of The Goldman Sachs Group, Inc. $GS

Ascent Group LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 76.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,759 shares of the investment management company’s stock after buying an additional 2,503 shares during the period. Ascent Group LLC’s holdings in The Goldman Sachs Group were worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winthrop Advisory Group LLC boosted its holdings in shares of 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 last quarter. Avion Wealth increased its holdings in shares of The Goldman Sachs Group by 31.1% in the second 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 last quarter. KPP Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after buying an additional 14 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake 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 last quarter. Finally, Ignite Planners LLC grew its holdings in The Goldman Sachs Group by 4.2% during the 3rd 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 in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of a number of research reports. Barclays increased their target price on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. BMO Capital Markets initiated coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Citigroup upped their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $792.67.

The Goldman Sachs Group Stock Down 0.9%

Shares of NYSE GS opened at $883.82 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $919.10. The firm has a 50-day simple moving average of $829.03 and a two-hundred day simple moving average of $769.01. The company has a market cap of $265.09 billion, a P/E ratio of 17.95, a PEG ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the prior year, the business posted $8.40 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman is co-leading financing for privately owned Texas power campuses that will supply up to 5 GW for AI data centers — a sizeable corporate lending/arranging win that supports fee income and strengthens GS’s role in energy/AI infrastructure finance. Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites
• Positive Sentiment: Keefe Bruyette raised its price target on GS to $971 (from $870) after conference discussions, signaling analyst confidence in GS’s revenue outlook and supporting valuation. Keefe Bruyette Updates Goldman Sachs Outlook
• Positive Sentiment: Goldman’s energy and cleantech conference continues to generate deal flow and visibility—Devon Energy’s CEO will speak, highlighting GS’s role as a hub for industry executives and potential origination pipelines. Devon Energy CEO to Speak at Goldman Sachs Conference
• Neutral Sentiment: Goldman’s research is active—raising price targets on names like Bristol-Myers (BMY) and publishing small-cap and sector ideas—which supports recurring research franchise revenue but has limited direct near-term impact on GS’s P&L. Goldman Raises Bristol-Myers Target
• Neutral Sentiment: Goldman trimmed a derivative-backed stake in Siemens Energy and reduced related voting-rights exposure—portfolio moves that are notable for principal book and regulatory disclosure but are not large enough to dramatically alter earnings guidance. Goldman Trims Siemens Energy Stake
• Negative Sentiment: Goldman’s private credit arm is reported to be grappling with lingering problem loans, a potential source of mark-to-market losses, increased reserves or slower new origination — risks that can pressure near-term profitability and investor sentiment. Goldman Sachs Private Credit Arm Grapples with Problem Loans
• Negative Sentiment: Goldman economists warn the next phase of the market rally could see higher volatility — a backdrop that typically reduces trading volumes and can depress trading and underwriting revenue, a notable portion of GS’s earnings. Goldman Says Next Phase of Rally to See Higher Volatility

The Goldman Sachs Group Company Profile

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.