Kingsview Wealth Management LLC Buys Shares of 5,533 The Goldman Sachs Group, Inc. $GS

Key Points

• Kingsview Wealth Management bought 5,533 Goldman Sachs shares valued at approximately $5.6 million, while institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported a strong quarter, with EPS of $20.98 beating estimates by $6.51 and revenue rising 39.4% year over year to $20.34 billion. The company also raised its quarterly dividend to $5.00 from $4.50.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,062.86, although risks include a potential higher GSIB capital surcharge and an SEC inquiry into margin lending tied to a hedge fund loss.

Kingsview Wealth Management LLC bought a new stake in 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 Securities and Exchange Commission (SEC). The institutional investor bought 5,533 shares of the investment management company's stock, valued at approximately $5,596,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its position in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after acquiring an additional 58 shares during the period. Sivia Capital Partners LLC boosted its position in The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company's stock worth $1,098,000 after acquiring an additional 735 shares during the period. Schnieders Capital Management LLC. grew its stake in The Goldman Sachs Group by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company's stock valued at $581,000 after acquiring an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company's stock valued at $1,522,000 after acquiring an additional 391 shares in the last quarter. 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 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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GS shares. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Weiss Ratings raised shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. 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. Rothschild & Co Redburn increased their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Moderate Buy" and an average price target of $1,062.86.

The Goldman Sachs Group Trading Down 0.6%

Shares of NYSE GS opened at $1,034.35 on Friday. The business has a 50 day simple moving average of $1,048.89 and a 200 day simple moving average of $968.57. The Goldman Sachs Group, Inc. has a 52 week low of $721.16 and a 52 week high of $1,153.99. 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 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 posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analysts' expectations of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company's revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company earned $10.91 earnings per share. On average, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $5.00 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio is currently 27.78%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source