The Goldman Sachs Group, Inc. $GS Shares Bought by Czech National Bank

Czech National Bank grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.8% during the 2nd quarter, Holdings Channel reports. The fund owned 83,970 shares of the investment management company’s stock after buying an additional 2,286 shares during the quarter. Czech National Bank’s holdings in The Goldman Sachs Group were worth $84,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in The Goldman Sachs Group by 13.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 67,320 shares of the investment management company’s stock worth $68,085,000 after purchasing an additional 8,131 shares in the last quarter. Apella Capital LLC boosted its holdings in The Goldman Sachs Group by 5.7% in the 2nd quarter. Apella Capital LLC now owns 1,052 shares of the investment management company’s stock valued at $1,097,000 after purchasing an additional 57 shares in the last quarter. Westmount Partners LLC boosted its holdings in The Goldman Sachs Group by 7.6% in the 2nd quarter. Westmount Partners LLC now owns 992 shares of the investment management company’s stock valued at $1,003,000 after purchasing an additional 70 shares in the last quarter. 55 North Private Wealth LLC increased its position in The Goldman Sachs Group by 15.9% during the 2nd quarter. 55 North Private Wealth LLC now owns 875 shares of the investment management company’s stock worth $885,000 after purchasing an additional 120 shares during the period. Finally, Evanson Financial LLC acquired a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $249,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: HSBC upgraded GS to “strong buy” from “hold,” adding to the bullish analyst view following Goldman’s strong quarterly results. The bank recently reported earnings and revenue well above consensus expectations, with revenue up 39.4% year over year.
• Positive Sentiment: Goldman continues to benefit from robust capital-markets activity. The firm was a joint book-running manager on Braveheart Bio’s upsized $382.5 million IPO and is involved in other recent equity offerings, including Attovia Therapeutics and Twist Bioscience. A healthy IPO pipeline could support underwriting fees and investment-banking revenue. Braveheart Bio IPO article
• Positive Sentiment: Asset-management momentum is another favorable signal. A Goldman covered-call ETF reportedly has delivered higher yields and stronger performance than the popular JEPI fund, potentially aiding inflows and strengthening the firm’s ETF franchise. Goldman ETF comparison article
• Neutral Sentiment: Goldman CEO David Solomon highlighted artificial intelligence and workforce adaptation in a town hall with interns, while cautioning employees to challenge AI-generated answers. The comments reinforce Goldman’s technology focus but do not represent a material earnings update. Fortune CEO interview
• Negative Sentiment: Broad market weakness likely outweighed the favorable company news. The Dow and Nasdaq both ended lower, creating a risk-off backdrop for financial stocks. GS has also more than doubled from its earlier lows, which may encourage profit-taking after its strong run. Goldman Sachs rally article

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. Dbs Bank raised their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Barclays increased 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 research report on Wednesday, July 15th. BMO Capital Markets raised their target price 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. Finally, Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,062.86.

The Goldman Sachs Group Stock Down 2.6%

Shares of NYSE GS opened at $1,032.86 on Friday. The firm’s 50-day moving average is $1,056.28 and its two-hundred day moving average is $957.28. The company has a market capitalization of $300.74 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $705.55 and a 12-month high of $1,153.99. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the company posted $10.91 EPS. The company’s revenue was up 39.4% on a year-over-year basis. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.

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.