Mirador Capital Partners LP Cuts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Mirador Capital Partners cut its Goldman Sachs stake by 24.6% in the second quarter, selling 1,495 shares and retaining 4,591 shares valued at approximately $4.64 million. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 versus the $14.47 consensus and revenue up 39.4% year over year to $20.34 billion. The company also raised its quarterly dividend to $5.00 per share, or $20 annually.
• Analyst sentiment remains mixed: several firms raised their price targets, but the stock carries an overall “Hold” rating with an average target of $1,062.86, roughly in line with its reported share price.

Mirador Capital Partners LP lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,591 shares of the investment management company's stock after selling 1,495 shares during the quarter. Mirador Capital Partners LP's holdings in The Goldman Sachs Group were worth $4,644,000 at the end of the most recent reporting period.

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

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $1,062.20 on Thursday. The company has a 50 day moving average price of $1,055.78 and a 200 day moving average price of $956.78. The firm has a market capitalization of $313.36 billion, a P/E ratio of 16.39, a PEG ratio of 1.07 and a beta of 1.30. 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 Goldman Sachs Group, Inc. has a 52 week low of $705.55 and a 52 week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the prior year, the business posted $10.91 EPS. The Goldman Sachs Group's revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 30.87%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.55% of the company's stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Strong earnings and investment-banking activity: Goldman Sachs recently reported quarterly EPS of $20.98, substantially above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. Equity trading, mergers and acquisitions, and high-profile IPOs are cited as key drivers behind the stock’s recovery. Goldman Sachs stock doubles from Liberation Day lows
• Positive Sentiment: Bullish analyst outlook: A highly rated analyst has strongly endorsed GS following its blockbuster results, reinforcing expectations for continued earnings strength and supporting investor confidence. Five-Star Analyst Pounds the Table on Goldman Sachs Stock
• Positive Sentiment: Broader business expansion: Goldman is embedding artificial intelligence across its operations to improve productivity and expand fee-based revenue. Its premium-income ETFs are also reportedly outperforming comparable JPMorgan products on yield and returns, highlighting progress in asset and wealth management. Goldman's AI Strategy
• Neutral Sentiment: Deal activity remains active: Goldman served as an underwriter for Twist Bioscience’s upsized equity offering and helped Attovia Therapeutics raise $289 million in an IPO. These transactions support advisory and underwriting revenue, although they do not directly change Goldman’s ownership or earnings outlook. Twist Bioscience Completes Upsized Public Equity Offering
• Negative Sentiment: Macro and valuation risks persist: Goldman’s forecasts for elevated oil prices amid the U.S.-Iran conflict and concerns that the AI rally may have bubble-like characteristics could increase market volatility and weigh on trading, deal activity and investor risk appetite. Goldman Sachs’ new oil price target

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Evercore restated an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. BMO Capital Markets boosted their target price 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 report on Wednesday, July 15th. HSBC increased their price target on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. CICC Research lifted their price objective on shares of 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. Finally, Barclays boosted their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. One analyst has 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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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