The Manufacturers Life Insurance Company Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

The Manufacturers Life Insurance Company increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% in the second quarter, Holdings Channel.com reports. The fund owned 243,871 shares of the investment management company’s stock after buying an additional 8,024 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in The Goldman Sachs Group were worth $246,644,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GS. Sky Investment Group LLC increased its stake in The Goldman Sachs Group by 0.9% in the 2nd 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 boosted its position in The Goldman Sachs Group by 3.9% in the 2nd 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 period. Welch & Forbes LLC grew its stake in 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 in the last quarter. First Financial Group Corp grew its stake in The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock worth $208,000 after acquiring an additional 11 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC increased its position in shares of The Goldman Sachs Group by 1.7% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock worth $569,000 after acquiring an additional 11 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GS. Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. 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 report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. CICC Research raised their price target on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, Citigroup lifted their price objective on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,062.86.

The Goldman Sachs Group Stock Down 1.0%

The Goldman Sachs Group stock opened at $1,018.80 on Friday. 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 firm has a market cap of $296.64 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.04 and a beta of 1.29. The business has a fifty day moving average of $1,044.70 and a two-hundred day moving average of $975.30. The Goldman Sachs Group, Inc. has a twelve month low of $740.01 and a twelve month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business’s revenue was up 39.4% compared to the same quarter last year. During the same period last year, the business posted $10.91 EPS. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This represents a $20.00 annualized dividend and a yield of 2.0%. 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 presently 30.87%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is expanding its Canadian wealth-management and asset-management footprint through a deeper collaboration with IG, potentially increasing recurring fee revenue and broadening distribution. Goldman’s IG Deal Expands Canadian Wealth Reach & AWM Scale
• Positive Sentiment: At Goldman’s technology conference, management and industry executives highlighted artificial intelligence as a major driver of future institutional investing, cybersecurity, fintech and capital-markets activity. This supports long-term business opportunities for Goldman’s investment banking, trading and asset-management divisions. Goldman Sachs Sees AI Reshaping Institutional Investing
• Neutral Sentiment: Goldman Sachs raised its price target on Coinbase to $219 and maintained a Buy rating, citing growth in derivatives, prediction markets, tokenized equities, lending, Base and agentic finance. The call demonstrates Goldman’s active coverage of emerging financial platforms, although the direct earnings impact on GS is limited. Goldman Sachs Increases COIN Target to $219
• Negative Sentiment: Sharmin Mossavar-Rahmani, Goldman Sachs’ investment strategy chief, plans to retire. Farshid Asl and Matt Weir will become co-heads of the Investment Strategy Group. The succession appears orderly, but the departure of a prominent senior executive may create short-term uncertainty for investors. Goldman Sachs investment strategy chief to retire
• Negative Sentiment: Chief economist Jan Hatzius warned that the AI investment boom will not continue indefinitely. A potential slowdown in AI-related spending could weigh on market activity, technology valuations and investment-banking opportunities, although the warning also reflects Goldman’s broader risk-monitoring role. The AI investment boom will not last forever

About The Goldman Sachs Group

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.