Bogart Wealth LLC Increases Stock Position in The Goldman Sachs Group, Inc. $GS

Bogart Wealth LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1,461.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,591 shares of the investment management company's stock after acquiring an additional 6,169 shares during the quarter. Bogart Wealth LLC's holdings in The Goldman Sachs Group were worth $6,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Sky Investment Group LLC increased its position 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 purchasing an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC raised its stake in shares of The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock valued at $272,000 after acquiring an additional 10 shares during the period. Optas LLC raised its stake in shares of The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company's stock valued at $2,244,000 after acquiring an additional 11 shares during the period. Pines Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock valued at $2,255,000 after acquiring an additional 11 shares in the last quarter. Finally, Welch & Forbes LLC boosted its position in The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company's stock worth $1,257,000 after purchasing an additional 11 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs agreed to acquire real-estate investment manager LCN Capital Partners for up to $410 million, including $260 million upfront and as much as $150 million in performance-based consideration. About 80% of the purchase price will reportedly be paid in stock. LCN manages approximately $3 billion in assets and specializes in sale-leasebacks, build-to-suit projects and triple-net leases, adding recurring-fee capabilities to Goldman’s roughly $4 trillion asset-management platform. Goldman Sachs buys LCN Capital Partners
• Positive Sentiment: The LCN transaction is Goldman’s second asset-management deal in a week, following its planned acquisition of ETF provider Neos Investments for as much as approximately $2.25 billion. The strategy could diversify revenue away from more cyclical trading and investment-banking activities and accelerate long-term fee growth. Goldman Sachs to acquire ETF provider Neos
• Positive Sentiment: CEO David Solomon expressed strong confidence in Nvidia and participated in discussions about a proposed $500 billion AI infrastructure financing plan. Goldman could benefit from financing, advisory and capital-markets fees if AI investment accelerates, though the plan also introduces potential underwriting and credit risks. Goldman CEO discusses Nvidia and AI financing
• Neutral Sentiment: Goldman disclosed a 3.05% voting stake in QIAGEN, while a separate filing showed its Ontex holding fluctuating near the 3% disclosure threshold. These appear to be investment or client-position disclosures rather than changes to Goldman’s operating outlook. Goldman Sachs discloses QIAGEN stake
• Negative Sentiment: Goldman warned that consumer-spending growth could become sluggish as the boost from elevated tax refunds fades. A weaker consumer backdrop could reduce transaction activity and weigh on economic expectations, potentially offsetting benefits from stronger capital-markets conditions. Goldman warns of consumer spending slowdown

The Goldman Sachs Group Stock Down 1.1%

NYSE:GS opened at $1,039.68 on Wednesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $302.72 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group, Inc. has a one year low of $705.55 and a one year high of $1,153.99. The stock has a 50-day simple moving average of $1,054.62 and a 200 day simple moving average of $962.79.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its 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 analyst estimates of $16.22 billion. During the same quarter in the previous year, the firm earned $10.91 earnings per share. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side 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 firm 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 dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis 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 of this dividend is Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GS. Evercore reiterated an "outperform" rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 15th. CICC Research upped their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. Citigroup increased their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Finally, BNP Paribas Exane dropped their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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