Cornerstone Capital Inc. Purchases New Stake in The Goldman Sachs Group, Inc. $GS

Cornerstone Capital Inc. purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,729 shares of the investment management company's stock, valued at approximately $32,090,000. The Goldman Sachs Group makes up 2.9% of Cornerstone Capital Inc.'s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors have also recently bought and sold shares of the business. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $27,000. Finally, Lifetime Wealth Management P.C. bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group News Roundup

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 Performance

GS stock opened at $1,039.68 on Wednesday. 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 firm has a market cap of $302.72 billion, a PE ratio of 16.05, a P/E/G ratio of 1.05 and a beta of 1.30. The business has a 50 day moving average of $1,054.62 and a 200-day moving average of $962.79. The Goldman Sachs Group, Inc. has a 12-month low of $705.55 and a 12-month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS 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 business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period last year, the company posted $10.91 earnings per share. The Goldman Sachs Group's quarterly revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Tuesday, September 1st. 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 Goldman Sachs Group's payout ratio is 27.78%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Rothschild & Co Redburn lifted their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. BNP Paribas Exane lowered their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating for the company in a research note on Friday, April 24th. Citigroup raised 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 report on Thursday, July 16th. Oppenheimer cut The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Two 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and a consensus 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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