Northwestern Mutual Wealth Management Co. Acquires 4,811 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Northwestern Mutual Wealth Management increased its Goldman Sachs stake by 5.2% in the second quarter, adding 4,811 shares to own 97,699 shares valued at approximately $98.8 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported quarterly earnings of $20.98 per share and revenue of $20.34 billion, surpassing analyst estimates, while revenue rose 39.4% year over year.
• The company raised its quarterly dividend from $4.50 to $5.00 per share, equivalent to a $20 annualized payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86.

Northwestern Mutual Wealth Management Co. raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,699 shares of the investment management company's stock after buying an additional 4,811 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in The Goldman Sachs Group were worth $98,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL raised its holdings in The Goldman Sachs Group by 1.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,702 shares of the investment management company's stock worth $6,778,000 after acquiring an additional 79 shares in the last quarter. CFO4Life Group LLC grew its stake in The Goldman Sachs Group by 2.9% in the second quarter. CFO4Life Group LLC now owns 425 shares of the investment management company's stock valued at $430,000 after purchasing an additional 12 shares in the last quarter. Fortress Financial Group LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $362,000. Madison Wealth Partners Inc acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $261,000. Finally, Varma Mutual Pension Insurance Co raised its stake in shares of The Goldman Sachs Group by 0.4% during the 2nd quarter. Varma Mutual Pension Insurance Co now owns 55,400 shares of the investment management company's stock worth $56,030,000 after purchasing an additional 200 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Down 0.2%

Shares of NYSE:GS opened at $1,036.86 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $721.16 and a 12-month high of $1,153.99. The business has a 50 day moving average of $1,053.15 and a 200-day moving average of $965.21. 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 stock has a market cap of $301.90 billion, a PE ratio of 16.00, a P/E/G ratio of 1.05 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The company 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 firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $10.91 earnings per share. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company 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 annualized dividend and a yield of 1.9%. The ex-dividend date 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 dividend payout ratio (DPR) is 27.78%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s involvement with potential future IPOs, including beverage brand Liquid Death, could support investment-banking revenue if the company proceeds with a public offering. However, Liquid Death’s CEO did not provide a timeline. Liquid Death CEO Dodges IPO Question Despite Goldman Sachs Ties
• Positive Sentiment: Goldman research highlighting stronger-than-reported Chinese gold demand and renewed expectations for Chinese economic easing could benefit the firm’s commodities, markets and advisory activity if trading and capital flows increase. China Gold Buying Far Exceeds Official PBOC Reports, Goldman Sachs Data Shows
• Neutral Sentiment: Goldman executive Chris Churchman warned that excessive reliance on AI could cause “cognitive atrophy” among junior bankers. The comments emphasize the need to preserve Goldman’s apprenticeship model while using AI, but do not indicate a change to earnings or strategy. Goldman Sachs partner warns of huge danger in letting AI replace bankers’ reasoning skills
• Neutral Sentiment: Articles comparing GS with finance peers and discussing Goldman’s stock performance provide market context but no new fundamental catalyst. Is The Goldman Sachs Group Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Mark Walter’s TWG Global hired a former Goldman executive as its top lawyer while federal authorities investigate how two TWG-linked insurers classified more than $20 billion in loans. Although Goldman is not identified as the investigation’s target, the connection may create reputational and headline risk. Mark Walter’s TWG Global hires Goldman veteran Markowitz as top lawyer amid probe of insurers

Analyst Upgrades and Downgrades

GS has been the subject of several analyst reports. Weiss Ratings raised shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. UBS Group increased their price target on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a research report on Wednesday, July 15th. Finally, 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 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus 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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