The Goldman Sachs Group, Inc. $GS Shares Sold by USA Financial Formulas

USA Financial Formulas decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 73.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211 shares of the investment management company’s stock after selling 583 shares during the period. USA Financial Formulas’ holdings in The Goldman Sachs Group were worth $179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Sky Investment Group LLC increased its position in The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after buying an additional 10 shares during the period. Warren Street Wealth Advisors LLC lifted its stake in The Goldman Sachs Group by 3.9% in the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after buying an additional 10 shares during the last quarter. Optas LLC boosted its holdings in shares of The Goldman Sachs Group by 0.4% during the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after acquiring an additional 11 shares during the period. Pines Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 0.4% during the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after acquiring an additional 11 shares during the last quarter. Finally, Welch & Forbes LLC increased its holdings in shares of The Goldman Sachs Group by 0.8% in the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after acquiring an additional 11 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price 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 note on Wednesday, July 15th. BNP Paribas Exane dropped their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a “market perform” rating in a report on Wednesday, July 15th. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Finally, UBS Group increased their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,062.86.

The Goldman Sachs Group Stock Performance

GS stock opened at $1,039.68 on Wednesday. The company has a 50-day simple moving average of $1,054.62 and a 200 day simple moving average of $962.79. The company has a market capitalization of $302.72 billion, a P/E ratio of 16.05, a PEG ratio of 1.05 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a fifty-two week low of $705.55 and a fifty-two week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same quarter last year, the company earned $10.91 EPS. The Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. Sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s payout ratio is 27.78%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs agreed to acquire real-estate investment manager LCN Capital Partners for up to $410 million, including $260 million upfront and as much as $150 million in performance-based consideration. About 80% of the purchase price will reportedly be paid in stock. LCN manages approximately $3 billion in assets and specializes in sale-leasebacks, build-to-suit projects and triple-net leases, adding recurring-fee capabilities to Goldman’s roughly $4 trillion asset-management platform. Goldman Sachs buys LCN Capital Partners
• Positive Sentiment: The LCN transaction is Goldman’s second asset-management deal in a week, following its planned acquisition of ETF provider Neos Investments for as much as approximately $2.25 billion. The strategy could diversify revenue away from more cyclical trading and investment-banking activities and accelerate long-term fee growth. Goldman Sachs to acquire ETF provider Neos
• Positive Sentiment: CEO David Solomon expressed strong confidence in Nvidia and participated in discussions about a proposed $500 billion AI infrastructure financing plan. Goldman could benefit from financing, advisory and capital-markets fees if AI investment accelerates, though the plan also introduces potential underwriting and credit risks. Goldman CEO discusses Nvidia and AI financing
• Neutral Sentiment: Goldman disclosed a 3.05% voting stake in QIAGEN, while a separate filing showed its Ontex holding fluctuating near the 3% disclosure threshold. These appear to be investment or client-position disclosures rather than changes to Goldman’s operating outlook. Goldman Sachs discloses QIAGEN stake
• Negative Sentiment: Goldman warned that consumer-spending growth could become sluggish as the boost from elevated tax refunds fades. A weaker consumer backdrop could reduce transaction activity and weigh on economic expectations, potentially offsetting benefits from stronger capital-markets conditions. Goldman warns of consumer spending slowdown

The Goldman Sachs Group 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.