Susquehanna Fundamental Investments LLC 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 filing with the Securities & Exchange Commission. The firm purchased 7,587 shares of the investment management company’s stock, valued at approximately $7,673,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. raised its position in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying an additional 17 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Manning & Napier Advisors LLC lifted its position in shares of 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 period. Finally, Steph & Co. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $27,000. 71.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have commented on GS. Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings raised shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company upped their price target on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,062.86.
More The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs acquired the approximately $13 billion QQQI covered-call ETF, expanding its presence in high-income exchange-traded products. The fund’s roughly 14% yield could strengthen Goldman’s asset-management platform and generate additional fee revenue, although covered-call strategies may limit investor upside. Goldman Sachs Is Buying Into High Income ETFs
- Positive Sentiment: Goldman’s commodities analysts expect gold to reach $4,900 per troy ounce by the end of 2026. Continued strength in gold could support trading, market-making and advisory activity in Goldman’s commodities business, though the forecast itself does not directly change the company’s earnings outlook. Gold Is Up Nearly 30% in the Last Year
- Neutral Sentiment: Goldman is hosting or participating in several investor conferences, including events involving Valvoline, Chunghwa Telecom and Challenger. These announcements primarily promote client companies and do not represent new financial guidance for GS. Valvoline Goldman Sachs Conference
- Negative Sentiment: Goldman’s commentary on oil prices and potentially soaring diesel-refining margins highlights continuing commodity and economic uncertainty. Such volatility can weigh on investor sentiment toward financial stocks, even though it may also create trading opportunities for Goldman. Goldman Sachs Sends Message on Oil Prices
The Goldman Sachs Group Stock Down 0.6%
The Goldman Sachs Group stock opened at $1,027.28 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The firm’s fifty day moving average price is $1,047.34 and its two-hundred day moving average price is $969.29. The firm has a market capitalization of $299.11 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1-year low of $721.16 and a 1-year high of $1,153.99.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results 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 company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the prior year, the business posted $10.91 EPS. The firm’s revenue was up 39.4% compared to the same quarter last year. On average, equities research 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 paid 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 of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.
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.
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