WMS Group LLC Takes $802,000 Position in The Goldman Sachs Group, Inc. $GS

WMS Group LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, HoldingsChannel reports. The fund acquired 793 shares of the investment management company’s stock, valued at approximately $802,000. The Goldman Sachs Group accounts for 1.0% of WMS Group LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Sky Investment Group LLC raised its stake in The Goldman Sachs Group by 0.9% during the 2nd quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock valued at $1,181,000 after buying an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 3.9% in the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock worth $272,000 after acquiring an additional 10 shares during the period. Optas LLC increased its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after acquiring an additional 11 shares during the last quarter. Pines Wealth Management LLC increased its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock valued at $2,255,000 after acquiring an additional 11 shares during the last quarter. Finally, Welch & Forbes LLC lifted its holdings in 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 acquiring an additional 11 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of several research reports. UBS Group raised their target price on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. BMO Capital Markets increased their price objective on shares of 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. HSBC raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Citigroup raised their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,062.86.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $1,038.81 on Monday. The business’s 50-day simple moving average is $1,054.35 and its two-hundred day simple moving average is $961.21. The Goldman Sachs Group, Inc. has a 52 week low of $705.55 and a 52 week high of $1,153.99. The stock has a market cap of $302.47 billion, a PE ratio of 16.03, a P/E/G ratio of 1.05 and a beta of 1.30. 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) last released its quarterly earnings data 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 return on equity of 19.16% and a net margin of 15.53%.The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the prior year, the company posted $10.91 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis 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 payout ratio is presently 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 agreed to acquire ETF manager NEOS Investments for up to $2.25 billion in cash and equity. NEOS manages more than $30 billion across 19 options-based ETFs, giving Goldman an immediate presence in the fast-growing active ETF, income-generation and downside-management markets. The transaction is expected to close in the first quarter of 2027. Goldman Sachs to buy ETF manager NEOS in $2.25bn deal
• Positive Sentiment: The deal also adds NEOS’s Bitcoin- and Ethereum-linked income ETFs to Goldman’s product lineup, supporting its broader push into alternatives, digital assets and wealth-management products. Greater assets under management could provide recurring fee revenue over time. Goldman Sachs is paying $2.25 billion to get into Bitcoin income game
• Positive Sentiment: Goldman is reportedly courting banks, insurers, asset managers and private-credit firms to participate in Nvidia’s $500 billion AI infrastructure financing initiative. Its involvement could generate underwriting, placement and advisory fees while strengthening a longstanding relationship with Nvidia. Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure Push
• Neutral Sentiment: The latest news does not disclose Goldman’s expected revenue from either initiative. Investors may therefore focus on whether the substantial NEOS purchase price can translate into sufficient growth and whether the Nvidia financing can be executed without adding excessive risk.

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.