Camarda Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,024 shares of the investment management company’s stock, valued at approximately $4,070,000. The Goldman Sachs Group makes up approximately 1.2% of Camarda Financial Advisors LLC’s holdings, making the stock its 21st biggest position.
A number of other hedge funds also recently made changes to their positions in the stock. BOK Financial Private Wealth Inc. increased its stake in The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group during the first quarter worth about $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $26,000. Manning & Napier Advisors LLC increased 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 purchasing an additional 23 shares during the last quarter. Finally, Steph & Co. bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $27,000. 71.21% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have commented on GS shares. Wells Fargo & Company lifted their price target on shares of 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. Wall Street Zen cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Daiwa Securities Group increased their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Barclays boosted their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 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 issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $1,062.86.
The Goldman Sachs Group Stock Performance
NYSE:GS opened at $1,040.49 on Friday. The stock has a market cap of $302.96 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The firm’s fifty day simple moving average is $1,050.20 and its 200 day simple moving average is $968.10. The Goldman Sachs Group, Inc. has a twelve month low of $721.16 and a twelve month high of $1,153.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping the consensus estimate 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 business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same period in the prior year, the business earned $10.91 EPS. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.
The Goldman Sachs Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $5.00 dividend. 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 ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.
Key Stories Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs’ latest quarterly results provide a strong fundamental backdrop: earnings per share reached $20.98, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. The firm also reported a 19.16% return on equity, reinforcing confidence in profitability and earnings momentum.
- Positive Sentiment: The bank continues to broaden its capital-markets and investment-management footprint through fixed-income issuance, ETFs, mutual funds, alternative investments and retail products. Goldman’s planned acquisition of NEOS is especially notable because the ETF firm recently posted 223.3% organic growth, potentially strengthening Goldman’s fee-based asset-management business. How Goldman Sachs’ Expanding Capital Markets Role and New Bond Issuances Could Reframe the GS Narrative
- Positive Sentiment: Goldman’s research activity remains supportive of market-related businesses: the firm raised its Nvidia price target after another strong report, which could benefit Goldman’s trading, investment-banking and technology-sector franchise if AI investment remains strong. Its investment in AI-video startup Higgsfield also provides exposure to emerging technology growth. Nvidia stock is climbing after another set of blockbuster results
- Neutral Sentiment: Goldman expects the Federal Reserve not to raise interest rates in September and argues that Treasury buybacks are unlikely to materially reduce long-term borrowing costs. These views may affect bond-market activity and client positioning, but their direct impact on GS earnings is uncertain. Goldman Says No September Hike
- Neutral Sentiment: Goldman executives warned that excessive reliance on artificial intelligence could weaken junior bankers’ analytical development. The comments highlight long-term workforce and execution risks, although they do not indicate an immediate financial impact. Goldman Sachs exec says AI is eroding bankers’ ability to think
- Negative Sentiment: Reports that the SEC subpoenaed Goldman Sachs and other major banks over margin lending to hedge fund Situational Awareness put leverage, collateral and risk-management practices back under scrutiny. The fund reportedly suffered a 67% drawdown during an AI-stock sell-off, creating potential regulatory, legal and reputational risks for GS. SEC Probe Puts Wall Street Leverage Risk Back in Focus
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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