Fiduciary Financial Advisors purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 840 shares of the investment management company’s stock, valued at approximately $851,000.
Several other institutional investors have also recently bought and sold shares of GS. Brighton Jones LLC boosted its holdings in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 735 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in The Goldman Sachs Group by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC lifted its position in The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after purchasing an additional 391 shares during the period. Institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Stock Up 2.3%
Shares of NYSE GS opened at $1,060.58 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $721.16 and a 52-week high of $1,153.99. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $308.81 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.05 and a beta of 1.30. The firm has a 50 day moving average price of $1,052.56 and a 200 day moving average price of $966.26.
The Goldman Sachs Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.
Wall Street Analyst Weigh In
GS has been the subject of several analyst reports. Oppenheimer cut shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a “market perform” rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Two equities research 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,062.86.
Get Our Latest Stock Report on The Goldman Sachs Group
The Goldman Sachs Group News Summary
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman’s stock has continued to outperform finance-sector peers, reinforcing the view that its earnings momentum, investment-banking activity and fee-based businesses are supporting a premium valuation. This follows a recent quarter in which revenue and EPS significantly exceeded analyst expectations. Goldman Sachs Surpasses Market Returns
- Positive Sentiment: A Goldman analyst set a Street-high $328 price target on AI infrastructure company Nebius, citing strong demand. While the call directly benefits Nebius, it highlights Goldman’s influence in AI financing and research and could support activity across its investment-banking and asset-management franchises. Nebius Stock Jumps on Goldman Price Target
- Neutral Sentiment: Goldman reported a 3.13%–3.27% interest in QIAGEN through shares and derivatives. The disclosure demonstrates ongoing investment activity but does not indicate a material change to GS earnings or strategy. Goldman Reports Stake in QIAGEN
- Neutral Sentiment: Goldman is participating in conferences and advising companies on financings, mergers and IPOs, including events involving SoFi, Indian companies and Liquid Death. These activities could generate fees but offer limited immediate impact on GS shares.
- Negative Sentiment: Goldman Sachs, along with several major banks, reportedly faces SEC subpoenas related to the near-collapse of hedge fund Situational Awareness. The inquiry could create legal costs, reputational damage or additional compliance requirements, though no wrongdoing has been established. Banks Face Subpoenas Over AI Hedge Fund
About The Goldman Sachs Group
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.
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