Ameritas Advisory Services LLC Grows Stock Holdings in The Goldman Sachs Group, Inc. $GS

Ameritas Advisory Services LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 212.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,227 shares of the investment management company's stock after acquiring an additional 2,195 shares during the quarter. Ameritas Advisory Services LLC's holdings in The Goldman Sachs Group were worth $3,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. Strive Financial Group LLC raised 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 in the last quarter. BOK Financial Private Wealth Inc. grew its position in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock worth $26,000 after buying an additional 17 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $26,000. Finally, Steph & Co. purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $27,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $1,034.99 on Wednesday. The Goldman Sachs Group, Inc. has a 12-month low of $738.54 and a 12-month high of $1,153.99. The firm's fifty day simple moving average is $1,044.54 and its two-hundred day simple moving average is $973.81. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $301.36 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.05 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted 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 analysts' expectations of $16.22 billion. During the same quarter last year, the firm earned $10.91 EPS. The business's quarterly revenue was up 39.4% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $5.00 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group's dividend payout ratio (DPR) is 30.87%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman agreed to pay approximately $2.25 billion for the firm behind a popular Bitcoin-income ETF. The deal would expand Goldman’s asset-management and digital-asset capabilities, although investors will assess whether the price paid can generate attractive returns. 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 could improve operating efficiency and support technology-led products over time. 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 and has recently added pension-related assets. The moves could increase recurring management fees and diversify revenue beyond investment banking. Goldman expands in Canada via asset management deal with IG
• Neutral Sentiment: Goldman’s warnings that Brent crude could reach $120 per barrel if Strait of Hormuz disruptions worsen are increasing its visibility in commodities markets. Higher volatility may benefit trading revenue, but prolonged supply shocks could also raise inflation and recession risks for the broader financial sector. Goldman Sachs flips on oil-price forecasts and says $120 Brent could be next
• Neutral Sentiment: Goldman participated in India’s ARCIL IPO anchor round and was reported among major holders of XRP ETFs. These items reinforce its capital-markets and digital-asset activity but appear too small to materially change near-term earnings.
• Negative Sentiment: Analysts warn that capital-markets momentum is fading in the third quarter, creating the risk of uneven results for major banks. That concern may be prompting investors to lock in gains after GS rose 38.6% over the past year. Capital Markets Momentum Fades: What it Means for Big Banks in Q3

Analysts Set New Price Targets

A number of research analysts have commented on GS shares. Citigroup raised their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. HSBC upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Finally, Oppenheimer downgraded shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. Two equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.

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