The Goldman Sachs Group, Inc. $GS Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,537 shares of the investment management company’s stock after buying an additional 8,560 shares during the period. QRG Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $74,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. boosted its position in shares of The Goldman Sachs Group by 14.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after acquiring an additional 2,230 shares during the last quarter. Envestnet Asset Management Inc. increased its position in The Goldman Sachs Group by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 292,463 shares of the investment management company’s stock worth $295,784,000 after purchasing an additional 2,221 shares during the last quarter. Andra AP fonden raised its stake in The Goldman Sachs Group by 0.5% during the second quarter. Andra AP fonden now owns 34,757 shares of the investment management company’s stock worth $35,152,000 after purchasing an additional 160 shares during the period. Premier Financial Group acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $65,000. Finally, Security National Bank of SO Dak acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $104,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America upped their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Barclays boosted their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a research note on Wednesday, July 15th. Oppenheimer downgraded The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,055.71.

The Goldman Sachs Group Stock Down 1.3%

Shares of GS stock traded down $12.53 during trading hours on Wednesday, reaching $936.96. The company had a trading volume of 2,129,118 shares, compared to its average volume of 2,213,378. 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 Goldman Sachs Group, Inc. has a twelve month low of $740.01 and a twelve month high of $1,153.99. The company has a market capitalization of $272.81 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The stock’s fifty day simple moving average is $1,030.43 and its 200 day simple moving average is $979.81.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The Goldman Sachs Group’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the company posted $10.91 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 68.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio is presently 30.87%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is reportedly the leading bidder for Palmer Square, a credit manager overseeing approximately $37 billion. The deal could strengthen Goldman’s credit and Asset & Wealth Management businesses, increase recurring fee revenue and improve the firm’s earnings mix. Market Chatter: Goldman Sachs Leading Bidder to Acquire $37 Billion Palmer Square
• Positive Sentiment: Goldman Sachs invested $400 million in cybersecurity company Cyera in a funding round valuing the business at roughly $12 billion. The investment provides exposure to fast-growing AI and data-security demand, although it is not an immediate earnings catalyst. Goldman Sachs Group Invests $400 Million in Cyera
• Neutral Sentiment: Goldman disclosed stakes of approximately 2.6% and 3.41% in QIAGEN through Dutch regulatory filings. The holdings may reflect investment or client-related activity, but the disclosures have no clear direct impact on Goldman’s operating earnings. Goldman Sachs Discloses 3.41% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman appointed Simon Lyons as co-head of U.K. investment banking, a move aimed at strengthening leadership but unlikely to materially affect the stock in the short term. Goldman appoints Simon Lyons UK investment banking co-head
• Negative Sentiment: Citigroup lowered its Goldman Sachs price target to $1,050 from $1,200 and maintained a Neutral rating. Although the new target implies substantial upside, the cut signals reduced confidence in the bank’s valuation and is likely the clearest immediate pressure on GS. Citigroup Adjusts Price Target on Goldman Sachs
• Negative Sentiment: Investors appear concerned that the Palmer Square acquisition could require significant capital and carry execution, integration and valuation risks. Broader weakness across major banks and market sensitivity to interest rates are adding to the pressure. Major Banks Ease as Treasury Yields Pressure Financial Stocks

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc (NYSE:GS) is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.