Narwhal Capital Management Lowers Stake in The Goldman Sachs Group, Inc. $GS

Narwhal Capital Management cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 24,939 shares of the investment management company’s stock after selling 949 shares during the period. The Goldman Sachs Group comprises about 1.7% of Narwhal Capital Management’s investment portfolio, making the stock its 13th biggest holding. Narwhal Capital Management’s holdings in The Goldman Sachs Group were worth $25,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new position in shares of The Goldman Sachs Group during the first quarter worth about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC raised its stake in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. Steph & Co. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GS. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Oppenheimer downgraded The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.

Key Headlines Impacting 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 Stock Performance

NYSE GS opened at $1,039.68 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $705.55 and a 1-year high of $1,153.99. 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 business has a 50 day moving average price of $1,054.62 and a 200 day moving average price of $962.79. 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 (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The Goldman Sachs Group’s revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm posted $10.91 earnings per share. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is a boost 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 is presently 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.