Braun Stacey Associates Inc. Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Braun Stacey Associates increased its Goldman Sachs stake by 7.7% in the second quarter, bringing its holdings to 37,956 shares valued at approximately $38.4 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, exceeding analyst expectations and representing 39.4% year-over-year revenue growth.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,062.86. The company also raised its quarterly dividend to $5.00 per share, while facing potential risks from higher capital requirements and an SEC margin-lending investigation.

Braun Stacey Associates Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,956 shares of the investment management company's stock after buying an additional 2,727 shares during the quarter. The Goldman Sachs Group makes up about 1.1% of Braun Stacey Associates Inc.'s holdings, making the stock its 27th biggest holding. Braun Stacey Associates Inc.'s holdings in The Goldman Sachs Group were worth $38,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Tandem Capital Management Corp ADV grew its position in shares of The Goldman Sachs Group by 6.4% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 416 shares of the investment management company's stock worth $421,000 after buying an additional 25 shares during the last quarter. Field & Main Bank bought a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $4,304,000. Wellington Management Group LLP raised its holdings in shares of The Goldman Sachs Group by 7.1% during the second quarter. Wellington Management Group LLP now owns 1,136,909 shares of the investment management company's stock valued at $1,149,836,000 after acquiring an additional 75,464 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in The Goldman Sachs Group in the second quarter worth $2,919,000. Finally, Archer Investment Corp bought a new stake in The Goldman Sachs Group in the second quarter valued at $131,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GS shares. Barclays boosted their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Daiwa Securities Group raised their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. UBS Group boosted their price target 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. BMO Capital Markets increased their price target on shares of 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. Finally, Weiss Ratings upgraded shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Two research 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $1,034.35 on Friday. The business's fifty day moving average is $1,048.89 and its 200 day moving average is $968.57. 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 stock has a market cap of $301.17 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.06 and a beta of 1.30. The Goldman Sachs Group, Inc. has a twelve month low of $721.16 and a twelve month high of $1,153.99.

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 EPS for the quarter, beating 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 business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same quarter last year, the firm posted $10.91 earnings per share. The company's revenue for the quarter was up 39.4% on a year-over-year basis. Research analysts expect 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. Investors of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend 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 is 27.78%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs received a Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and the potential for continued momentum in its businesses. All You Need to Know About Goldman Rating Upgrade to Strong Buy
• Positive Sentiment: Brokerage sentiment remains supportive, with analysts assigning GS an average “Moderate Buy” recommendation. Goldman’s strong recent earnings performance and broadening presence in investment banking, asset management, ETFs and alternatives reinforce the long-term thesis. Goldman Sachs Given Average Recommendation of Moderate Buy
• Positive Sentiment: Goldman Sachs Alternatives led a $240 million funding round for Owner, an AI-focused platform serving local businesses. The deal highlights Goldman’s ability to generate alternative-investment activity and related fees, although the direct earnings impact is likely limited. Owner Raises 240 Million Led by Goldman Sachs Alternatives
• Neutral Sentiment: An AFM filing identified Goldman Sachs as a 2.97% shareholder in Qiagen. The disclosure demonstrates investment activity but does not by itself materially change Goldman’s operating outlook. Goldman Sachs Revealed as a Shareholder in Qiagen
• Negative Sentiment: GS is challenging proposed changes to the global systemically important bank (GSIB) capital surcharge. Higher required buffers could constrain returns, capital deployment and shareholder distributions if regulators adopt a tougher framework. Goldman Faces GSIB Capital Fight and SEC AI Fund Subpoenas
• Negative Sentiment: The SEC has subpoenaed Goldman and other major banks regarding margin lending to hedge fund Situational Awareness, which suffered a sharp loss during an AI-stock sell-off. The investigation raises compliance, leverage and potential litigation risks, though no wrongdoing has been established. SEC Probe Puts Wall Street Leverage Risk Back in Focus

The Goldman Sachs Group 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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