Mission Wealth Management LP Purchases 4,997 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Mission Wealth Management doubled its Goldman Sachs position in the second quarter, adding 4,997 shares to hold 9,953 shares valued at approximately $10.1 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported a strong quarter, with EPS of $20.98 and revenue of $20.34 billion, surpassing estimates and representing 39.4% year-over-year revenue growth. The company also raised its quarterly dividend to $5.00 per share.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $1,062.86. Goldman is also expanding its asset-management business through a proposed acquisition of NEOS Investments for up to $2.25 billion, though the deal carries integration and market-demand risks.

Mission Wealth Management LP boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 100.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,953 shares of the investment management company's stock after purchasing an additional 4,997 shares during the period. Mission Wealth Management LP's holdings in The Goldman Sachs Group were worth $10,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Myriad Asset Management Advisors LLC lifted its stake in The Goldman Sachs Group by 20.8% in the second quarter. Myriad Asset Management Advisors LLC now owns 5,332 shares of the investment management company's stock worth $5,393,000 after purchasing an additional 919 shares during the last quarter. Guardian Investment Management grew its stake in shares of The Goldman Sachs Group by 7.5% during the second quarter. Guardian Investment Management now owns 1,293 shares of the investment management company's stock valued at $1,217,000 after buying an additional 90 shares during the last quarter. West Paces Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $162,000. BankPlus Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 4.7% in the second quarter. BankPlus Wealth Management LLC now owns 866 shares of the investment management company's stock worth $877,000 after buying an additional 39 shares during the period. Finally, Ballast Inc. raised its holdings in shares of The Goldman Sachs Group by 52.7% in the second quarter. Ballast Inc. now owns 965 shares of the investment management company's stock worth $976,000 after buying an additional 333 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. HSBC raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Citigroup increased their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. Rothschild & Co Redburn upped their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Finally, CICC Research raised their price target on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group Stock Performance

GS stock opened at $1,034.85 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $705.55 and a 1-year high of $1,153.99. The business has a 50-day moving average price of $1,055.39 and a 200 day moving average price of $959.59. The company has a market capitalization of $301.32 billion, a P/E ratio of 15.97, a PEG ratio of 1.05 and a beta of 1.30. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results 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 net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the previous year, the business posted $10.91 EPS. The company's quarterly revenue was up 39.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid 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 is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 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 agreed to acquire NEOS Investments for up to $2.25 billion. NEOS manages approximately $30 billion across 19 options-based income ETFs, including funds linked to Bitcoin and Ether. The transaction would strengthen Goldman Sachs Asset Management’s position in actively managed ETFs, a fast-growing segment focused on monthly income and downside management. Goldman Sachs to Acquire NEOS Investments
• Positive Sentiment: The deal could lift Goldman’s active ETF assets to roughly $80 billion and its broader ETF platform to about $130 billion, following the earlier Innovator Capital acquisition. The scale may improve distribution, product breadth and recurring management-fee revenue. The transaction is expected to close in the first quarter of 2027, pending regulatory approval. Goldman’s Latest ETF Deal
• Positive Sentiment: Goldman is one of six major financial firms helping NVIDIA mobilize more than $500 billion of third-party capital for AI infrastructure. The initiative could generate financing, advisory and asset-management opportunities while deepening Goldman’s relationships with technology and institutional-investment clients. Goldman Sachs and NVIDIA AI Financing
• Neutral Sentiment: The ETF acquisition expands Goldman’s exposure to options-based and cryptocurrency-linked products, but the purchase price is substantial and the benefits depend on continued asset growth, investor demand and successful integration.
• Negative Sentiment: Goldman staff were reportedly named as suspects in a Brazil investigation involving a shareholder dispute at cancer-care company Oncoclínicas. The matter represents a potential legal and reputational risk, although no material financial impact was specified. Goldman Staff Named in Brazil Investigation

The Goldman Sachs Group Company 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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