Capital Analysts LLC Has $34.98 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Capital Analysts LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the second quarter, Holdings Channel reports. The institutional investor owned 34,585 shares of the investment management company’s stock after selling 897 shares during the period. The Goldman Sachs Group accounts for approximately 0.8% of Capital Analysts LLC’s holdings, making the stock its 23rd largest position. Capital Analysts LLC’s holdings in The Goldman Sachs Group were worth $34,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Strive Financial Group LLC increased its position in The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. lifted its position in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the period. Turim 21 Investimentos Ltda. bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $25,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Finally, Steph & Co. acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $27,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.3%

Shares of NYSE GS opened at $1,034.99 on Wednesday. The firm has a market cap of $301.36 billion, a PE ratio of 15.97, a P/E/G ratio of 1.05 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $738.54 and a 12-month high of $1,153.99. The company’s fifty day simple moving average is $1,044.54 and its 200 day simple moving average is $973.81. 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 posted 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 net margin of 15.53% and a return on equity of 19.16%. The firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same period in the previous year, the firm posted $10.91 earnings per share. The business’s revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This is a boost 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 1.9%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio is 30.87%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Digital-asset expansion: Goldman agreed to acquire the firm behind a popular Bitcoin income fund for approximately $2.25 billion. The transaction could broaden Goldman’s asset-management and cryptocurrency offerings and create additional fee revenue, although integration and crypto-market risks remain. Goldman Is Paying $2.25 Billion for the Firm Behind This Bitcoin Income Fund
• Positive Sentiment: Growth investments continue: Goldman opened a Bellevue, Washington, engineering office for more than 125 employees focused on artificial intelligence and cloud transformation. The initiative supports efficiency gains, technology modernization and new financial-product capabilities over time. Goldman expands AI push with new engineering office in Bellevue
• Positive Sentiment: Asset-management expansion: Goldman is expanding its Canadian asset-management operations through a deal with IG Wealth Management, following additions of Canadian pension assets. The move could strengthen recurring management-fee revenue and diversify the business beyond investment banking. Goldman expands in Canada via asset management deal with IG
• Neutral Sentiment: Oil outlook raises trading opportunities but also macro risk: Goldman lifted its Brent and WTI forecasts because of Middle East shipping disruptions and warned Brent could reach $120 if Gulf supply remains constrained. Higher volatility may benefit Goldman’s trading business, but elevated oil prices could worsen inflation and pressure the broader economy. Goldman Sachs flips on oil-price forecasts and says $120 Brent could be next
• Negative Sentiment: Capital-markets slowdown is a risk: Analysts warn that momentum in capital-markets activity is fading in the third quarter. A weaker deal environment could temper investment-banking revenue and offset gains from asset management, technology and trading. Capital Markets Momentum Fades: What it Means for Big Banks in Q3

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price 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. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Wall Street Zen raised The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,062.86.

The Goldman Sachs Group Company 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.