Anchor Capital Advisors LLC Sells 3,574 Shares of The Goldman Sachs Group, Inc. $GS

Anchor Capital Advisors LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,938 shares of the investment management company's stock after selling 3,574 shares during the period. Anchor Capital Advisors LLC's holdings in The Goldman Sachs Group were worth $24,210,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GS. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $25,000. Strive Financial Group LLC boosted its stake in shares of The Goldman Sachs Group by 316.7% in 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 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 during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Finally, Manning & Napier Advisors LLC raised its stake in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after buying an additional 23 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

GS opened at $1,038.01 on Tuesday. 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, Inc. has a 12 month low of $727.15 and a 12 month high of $1,153.99. The company has a fifty day simple moving average of $1,044.08 and a 200 day simple moving average of $973.10. The stock has a market cap of $302.24 billion, a P/E ratio of 16.02, 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 earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the company posted $10.91 earnings per share. The company's revenue for the quarter was up 39.4% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared 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 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%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs’ warning that crude oil could reach $120 per barrel highlights its market expertise and could support revenue opportunities in commodities trading and risk management if volatility increases. The firm is also favoring natural gas and diesel positions. Oil Could Surge to $120 if Hormuz Disruptions Escalate, Warns Goldman Sachs
• Positive Sentiment: GS remains a favored stock in a Zacks screen, supported by strong earnings growth and price momentum. Its latest reported quarter substantially exceeded consensus estimates, with EPS of $20.98 versus expectations of $14.47 and revenue growth of 39.4% year over year. Earnings Growth and Price Strength Make Goldman Sachs a Stock to Watch
• Positive Sentiment: Goldman Sachs continues to receive visibility from its investment research and advisory activity, including Buy-rated coverage of Hindustan Unilever and a list of stocks it recommends buying on weakness. These items are supportive of the franchise but have limited direct earnings impact. Goldman Sachs Says Buy the Dip in These Five Stocks
• Neutral Sentiment: An executive overseeing Goldman’s Marquee platform warned that excessive reliance on artificial intelligence could weaken the judgment and reasoning skills of future bankers. The comments raise longer-term workforce and technology-governance questions but do not indicate an immediate financial hit. Goldman Sachs Partner Warns of AI Risks
• Negative Sentiment: Analysts say capital-markets momentum is fading in the third quarter, creating risk of uneven results for major banks, including GS. Slower deal activity could pressure investment-banking and trading-related revenue expectations. Capital Markets Momentum Fades
• Negative Sentiment: Attacks on commercial vessels and reduced Strait of Hormuz traffic have pushed oil toward $100 and raised the risk of a supply shock. A sharp energy-price surge could worsen inflation, delay interest-rate cuts, and increase volatility across financial markets. Brent Crude Oil Price Nears $100

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore restated an "outperform" rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. CICC Research upped their target price on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. UBS Group increased their price target on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Oppenheimer lowered The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and an average target price of $1,062.86.

About The Goldman Sachs Group

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.

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