Dynamic Advisor Solutions LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 49.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,428 shares of the investment management company’s stock after purchasing an additional 2,444 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in The Goldman Sachs Group were worth $7,512,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Optas LLC raised its position in The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after buying an additional 11 shares during the last quarter. Pines Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after acquiring an additional 11 shares during the last quarter. Welch & Forbes LLC raised its holdings in shares of The Goldman Sachs Group by 0.8% in the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock valued at $1,257,000 after purchasing an additional 11 shares during the last quarter. First Financial Group Corp raised its holdings in shares of The Goldman Sachs Group by 4.7% in the first quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 11 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 1.7% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock valued at $569,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,062.86.
Insider Buying and Selling
In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were 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. This trade represents a 18.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.
Key Stories Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Strong earnings and investment-banking activity: Goldman Sachs recently reported quarterly EPS of $20.98, substantially above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. Equity trading, mergers and acquisitions, and high-profile IPOs are cited as key drivers behind the stock’s recovery. Goldman Sachs stock doubles from Liberation Day lows
- Positive Sentiment: Bullish analyst outlook: A highly rated analyst has strongly endorsed GS following its blockbuster results, reinforcing expectations for continued earnings strength and supporting investor confidence. Five-Star Analyst Pounds the Table on Goldman Sachs Stock
- Positive Sentiment: Broader business expansion: Goldman is embedding artificial intelligence across its operations to improve productivity and expand fee-based revenue. Its premium-income ETFs are also reportedly outperforming comparable JPMorgan products on yield and returns, highlighting progress in asset and wealth management. Goldman’s AI Strategy
- Neutral Sentiment: Deal activity remains active: Goldman served as an underwriter for Twist Bioscience’s upsized equity offering and helped Attovia Therapeutics raise $289 million in an IPO. These transactions support advisory and underwriting revenue, although they do not directly change Goldman’s ownership or earnings outlook. Twist Bioscience Completes Upsized Public Equity Offering
- Negative Sentiment: Macro and valuation risks persist: Goldman’s forecasts for elevated oil prices amid the U.S.-Iran conflict and concerns that the AI rally may have bubble-like characteristics could increase market volatility and weigh on trading, deal activity and investor risk appetite. Goldman Sachs’ new oil price target
The Goldman Sachs Group Trading Up 0.9%
NYSE:GS opened at $1,062.20 on Thursday. The company has a market cap of $309.28 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.07 and a beta of 1.30. The stock’s fifty day moving average price is $1,055.78 and its two-hundred day moving average price is $956.78. 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 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 – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period in the prior year, the business posted $10.91 earnings per share. The company’s revenue was up 39.4% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.
The Goldman Sachs Group Increases Dividend
The company also recently announced 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. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is currently 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.
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