IFP Advisors Inc Buys 700 Shares of The Goldman Sachs Group, Inc. $GS

IFP Advisors Inc increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,172 shares of the investment management company’s stock after buying an additional 700 shares during the quarter. IFP Advisors Inc’s holdings in The Goldman Sachs Group were worth $9,276,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GS. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. Strive Financial Group LLC grew its stake in The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after buying an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. increased its holdings in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying an additional 17 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Finally, Steph & Co. acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $27,000. Institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Expanding Canadian wealth-management platform: Goldman’s deeper collaboration with IG Wealth Management broadens its Canadian distribution reach, increases assets under management and creates additional recurring fee opportunities. The deal aligns with GS’s strategy of diversifying beyond trading and investment banking. Goldman’s IG Deal Expands Canadian Wealth Reach and AWM Scale
• Positive Sentiment: Continued investment in AI: Goldman opened a Bellevue, Washington, engineering office for more than 125 employees focused on artificial intelligence and cloud transformation. The move could improve operating efficiency and strengthen the firm’s technology capabilities, although benefits are longer term. Goldman expands AI push with new engineering office in Bellevue
• Positive Sentiment: Asset-management scale remains a strategic priority: Goldman reportedly agreed to pay $2.25 billion for the firm behind a Bitcoin income fund. The acquisition could expand alternative-investment and fee-generating capabilities, though execution and cryptocurrency-related risks remain. Goldman Is Paying $2.25 Billion for the Firm Behind This Bitcoin Income Fund
• Neutral Sentiment: Oil outlook highlights both opportunity and risk: Goldman raised its crude-price forecasts and warned Brent could reach $120 if Strait of Hormuz shipping disruptions persist. Higher volatility may benefit Goldman’s commodities and trading businesses, but prolonged conflict could fuel inflation, delay interest-rate cuts and weaken dealmaking and market sentiment. Oil prices approach $100 as Middle East conflict flares
• Negative Sentiment: Geopolitical and market risks may be driving caution: Escalating U.S.-Iran tensions and potential Gulf supply disruptions increase uncertainty across global markets. These risks can pressure financial stocks even when they create trading opportunities, particularly given GS’s elevated valuation and recent gains.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $1,030.86 on Thursday. The company has a market cap of $300.16 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.05 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $1,044.76 and a 200 day simple moving average of $974.61. 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) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $10.91 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 30.87%.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Barclays increased their price target 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. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen raised The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Bank of America lifted their price target on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $1,062.86.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc (NYSE:GS) is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.