Czech National Bank Boosts Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Czech National Bank increased its Goldman Sachs stake by 2.8% in the second quarter, bringing its holdings to 83,970 shares valued at approximately $84.9 million. Institutional investors own 71.21% of GS shares.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, significantly exceeding analyst expectations. The company also raised its quarterly dividend from $4.50 to $5.00 per share.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,062.86, although CFO Denis Coleman recently sold 6,857 shares and the stock remains below its 52-week high.

Czech National Bank raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,970 shares of the investment management company's stock after buying an additional 2,286 shares during the period. Czech National Bank's holdings in The Goldman Sachs Group were worth $84,925,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $2,515,830,000. Corient Private Wealth LLC raised its position in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock worth $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group during the first quarter worth approximately $2,024,921,000. Bank of America Corp DE lifted its stake in The Goldman Sachs Group by 8.0% during the first quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company's stock worth $5,460,875,000 after purchasing an additional 476,977 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in The Goldman Sachs Group by 428.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company's stock valued at $488,947,000 after purchasing an additional 450,984 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: HSBC upgraded GS to “strong buy” from “hold,” adding to the bullish analyst view following Goldman’s strong quarterly results. The bank recently reported earnings and revenue well above consensus expectations, with revenue up 39.4% year over year.
• Positive Sentiment: Goldman continues to benefit from robust capital-markets activity. The firm was a joint book-running manager on Braveheart Bio’s upsized $382.5 million IPO and is involved in other recent equity offerings, including Attovia Therapeutics and Twist Bioscience. A healthy IPO pipeline could support underwriting fees and investment-banking revenue. Braveheart Bio IPO article
• Positive Sentiment: Asset-management momentum is another favorable signal. A Goldman covered-call ETF reportedly has delivered higher yields and stronger performance than the popular JEPI fund, potentially aiding inflows and strengthening the firm’s ETF franchise. Goldman ETF comparison article
• Neutral Sentiment: Goldman CEO David Solomon highlighted artificial intelligence and workforce adaptation in a town hall with interns, while cautioning employees to challenge AI-generated answers. The comments reinforce Goldman’s technology focus but do not represent a material earnings update. Fortune CEO interview
• Negative Sentiment: Broad market weakness likely outweighed the favorable company news. The Dow and Nasdaq both ended lower, creating a risk-off backdrop for financial stocks. GS has also more than doubled from its earlier lows, which may encourage profit-taking after its strong run. Goldman Sachs rally article

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $1,032.86 on Friday. 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 market capitalization of $300.74 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.07 and a beta of 1.30. The company has a 50-day simple moving average of $1,056.28 and a 200-day simple moving average of $957.28. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business's revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $10.91 earnings per share. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change 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

GS has been the topic of several recent analyst reports. Oppenheimer lowered shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Evercore reaffirmed an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Finally, Daiwa Securities Group lifted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,062.86.

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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