KBC Group NV Has $278.09 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

KBC Group NV raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 328,720 shares of the investment management company’s stock after buying an additional 34,499 shares during the period. The Goldman Sachs Group comprises about 0.7% of KBC Group NV’s holdings, making the stock its 19th largest position. KBC Group NV’s holdings in The Goldman Sachs Group were worth $278,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 valued at $508,000 after purchasing an additional 58 shares during the last quarter. Sivia Capital Partners LLC increased 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 in the last quarter. Schnieders Capital Management LLC. increased its holdings 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 worth $581,000 after purchasing an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of The Goldman Sachs Group by 22.2% in the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after purchasing an additional 391 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $1,066.28 on Monday. The company has a market capitalization of $314.56 billion, a PE ratio of 16.46, a PEG ratio of 1.11 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 1.11 and a debt-to-equity ratio of 2.83. The stock’s 50 day moving average price is $1,035.20 and its 200-day moving average price is $945.82. The Goldman Sachs Group, Inc. has a twelve month low of $691.88 and a twelve month high of $1,153.99.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% 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 last year, the business posted $10.91 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 66.83 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed 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 is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent research reports. CICC Research upped their price target on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Dbs Bank raised their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Rothschild & Co Redburn upped their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,061.43.

Check Out Our Latest Research Report on GS

Insiders Place Their Bets

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 32,566 shares of company stock valued at $30,712,978. 0.55% of the stock is owned by company insiders.

More The Goldman Sachs Group News

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

  • Positive Sentiment: Goldman Sachs was added to the Zacks Rank #1 (Strong Buy) list, reinforcing bullish sentiment around the stock after its strong quarterly results.
  • Positive Sentiment: The bank also made Zacks’ Strong Buy income stocks list, reflecting investor interest in Goldman Sachs as a dividend and total-return play.
  • Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,300 from $1,150 and kept a buy rating, implying additional upside from current levels.
  • Positive Sentiment: JPMorgan and other commentary highlighted Goldman Sachs’ strong first-half M&A performance, along with record Q2 results and a 25% dividend increase plus a $4 billion share repurchase program.
  • Positive Sentiment: Goldman Sachs’ equity underwriting revenue jumped sharply, helped by renewed capital markets activity and AI-related deal flow, which supports optimism for future investment banking revenue.
  • Neutral Sentiment: Separately, Goldman Sachs disclosed a 3.5% voting interest in Qiagen, a portfolio-related filing that is not clearly material to Goldman’s own earnings outlook.

About The Goldman Sachs Group

(Free Report)

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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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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