Waverly Advisors LLC Purchases 28,086 Shares of The Goldman Sachs Group, Inc. $GS

Waverly Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 123.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,896 shares of the investment management company’s stock after buying an additional 28,086 shares during the period. Waverly Advisors LLC’s holdings in The Goldman Sachs Group were worth $51,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sky Investment Group LLC increased 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 worth $1,181,000 after acquiring an additional 10 shares during the period. Warren Street Wealth Advisors LLC increased its position 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 purchasing an additional 10 shares during the period. Welch & Forbes LLC raised its stake 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 purchasing an additional 11 shares in the last quarter. First Financial Group Corp lifted its position in The Goldman Sachs Group by 4.7% during the first quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock worth $208,000 after purchasing an additional 11 shares during the period. Finally, Meadow Creek Wealth Advisors LLC lifted its position in 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 worth $569,000 after purchasing an additional 11 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 0.3%

The Goldman Sachs Group stock traded down $3.62 during trading hours on Tuesday, hitting $1,034.99. The stock had a trading volume of 1,262,146 shares, compared to its average volume of 2,202,723. The Goldman Sachs Group, Inc. has a one year low of $738.54 and a one year 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 stock has a market cap of $301.36 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.05 and a beta of 1.29. The business’s 50 day simple moving average is $1,044.54 and its 200-day simple moving average is $973.81.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion during 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% compared to the same quarter last year. During the same period last year, the company earned $10.91 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed 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. This represents a $20.00 annualized dividend and a dividend 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 is currently 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 agreed to pay $2.25 billion for the firm behind a popular Bitcoin income ETF, expanding its asset-management and digital-asset capabilities. The deal could provide new fee revenue and product-growth opportunities, although investors will monitor valuation and integration risks. Goldman Is Paying $2.25 Billion for the Firm Behind This Bitcoin Income Fund
• Positive Sentiment: The bank opened a Bellevue, Washington, engineering office for more than 125 employees focused on artificial intelligence and cloud transformation. The investment supports efficiency, technology modernization and longer-term competitiveness. Goldman expands AI push with new engineering office in Bellevue
• Positive Sentiment: Goldman is expanding its Canadian asset-management business through a deal with IG Wealth Management, following recent additions of pension assets. The transactions could increase recurring management fees and strengthen its wealth-management platform. Goldman expands in Canada via asset management deal with IG
• Positive Sentiment: Goldman participated in the anchor round for Asset Reconstruction Company India’s 2.2-billion-rupee IPO, highlighting continued investment-banking and international-market activity. ARCIL IPO anchor round
• Neutral Sentiment: Goldman raised its Brent and WTI forecasts as Strait of Hormuz shipping disruptions intensified, warning Brent could reach $120 if Gulf output remains substantially reduced. The outlook may benefit Goldman’s commodities-trading activity, but heightened geopolitical risk could hurt broader markets and dealmaking. Goldman Sachs flips on oil-price forecasts
• Negative Sentiment: Industry commentary indicates capital-markets momentum may be fading in the third quarter, creating a risk of uneven results for large banks, including Goldman Sachs. Capital Markets Momentum Fades

Analyst Ratings Changes

Several research firms have commented on GS. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research note on Wednesday, July 15th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. HSBC upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.

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.