Baird Financial Group Inc. Boosts Stake in The Goldman Sachs Group, Inc. $GS

Key Points

• Baird Financial Group increased its Goldman Sachs stake by 2.9% in the second quarter, bringing its holdings to 110,233 shares valued at approximately $111.5 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, significantly exceeding analyst estimates. Revenue rose 39.4% year over year.
• The company raised its quarterly dividend from $4.50 to $5.00 per share, while analysts maintain a “Moderate Buy” consensus and an average price target of $1,062.86.

Baird Financial Group Inc. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,233 shares of the investment management company's stock after acquiring an additional 3,063 shares during the period. Baird Financial Group Inc.'s holdings in The Goldman Sachs Group were worth $111,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. Audent Global Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 10.1% in the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock valued at $4,604,000 after acquiring an additional 479 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in The Goldman Sachs Group during the second quarter worth approximately $53,720,000. Oak Grove Capital LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $1,890,000. Nomura Asset Management Co. Ltd. boosted its stake in The Goldman Sachs Group by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company's stock valued at $124,809,000 after purchasing an additional 3,653 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of The Goldman Sachs Group by 35.0% during the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company's stock valued at $10,499,000 after purchasing an additional 3,098 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,034.99 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $738.54 and a 1-year high of $1,153.99. 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 company has a market capitalization 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 stock's fifty day simple moving average is $1,044.54 and its 200-day simple moving average is $973.81.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data 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 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 the consensus estimate of $16.22 billion. During the same period in the prior year, the business earned $10.91 EPS. The business's revenue for the quarter was up 39.4% on a year-over-year basis. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group's payout ratio is currently 30.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GS shares. UBS Group raised 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. Bank of America upped their price target on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Citigroup boosted 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 research report on Thursday, July 16th. Finally, HSBC raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. 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 stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Moderate Buy" and an average price target of $1,062.86.

More The Goldman Sachs Group News

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

About The Goldman Sachs Group

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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