Proficio Capital Partners LLC Purchases 1,192 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Proficio Capital Partners increased its Goldman Sachs position by 17.2% in the second quarter, adding 1,192 shares for a total of 8,112 shares valued at approximately $8.2 million. Institutional investors collectively own 71.21% of GS.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $1,062.86 after several firms raised their targets.
• Goldman Sachs significantly exceeded quarterly earnings and revenue expectations, while reporting 39.4% year-over-year revenue growth; it also raised its quarterly dividend from $4.50 to $5.00 per share.

Proficio Capital Partners LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 17.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,112 shares of the investment management company's stock after acquiring an additional 1,192 shares during the quarter. Proficio Capital Partners LLC's holdings in The Goldman Sachs Group were worth $8,204,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GS. Turim 21 Investimentos Ltda. bought a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $25,000. BOK Financial Private Wealth Inc. grew its position in The Goldman Sachs Group by 188.9% during the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock valued at $26,000 after buying an additional 17 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC increased 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 valued at $27,000 after buying an additional 23 shares during the last quarter. Finally, Steph & Co. bought a new position in The Goldman Sachs Group in the first quarter worth approximately $27,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Dbs Bank lifted their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Wells Fargo & Company upped their price objective on 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. Rothschild & Co Redburn lifted their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a report on Wednesday, July 15th. Finally, Daiwa Securities Group upped their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs acquired the approximately $13 billion QQQI covered-call ETF, expanding its presence in high-income exchange-traded products. The fund’s roughly 14% yield could strengthen Goldman’s asset-management platform and generate additional fee revenue, although covered-call strategies may limit investor upside. Goldman Sachs Is Buying Into High Income ETFs
• Positive Sentiment: Goldman’s commodities analysts expect gold to reach $4,900 per troy ounce by the end of 2026. Continued strength in gold could support trading, market-making and advisory activity in Goldman’s commodities business, though the forecast itself does not directly change the company’s earnings outlook. Gold Is Up Nearly 30% in the Last Year
• Neutral Sentiment: Goldman is hosting or participating in several investor conferences, including events involving Valvoline, Chunghwa Telecom and Challenger. These announcements primarily promote client companies and do not represent new financial guidance for GS. Valvoline Goldman Sachs Conference
• Negative Sentiment: Goldman’s commentary on oil prices and potentially soaring diesel-refining margins highlights continuing commodity and economic uncertainty. Such volatility can weigh on investor sentiment toward financial stocks, even though it may also create trading opportunities for Goldman. Goldman Sachs Sends Message on Oil Prices

The Goldman Sachs Group Trading Down 0.6%

Shares of GS opened at $1,027.28 on Tuesday. 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, Inc. has a 1 year low of $721.16 and a 1 year high of $1,153.99. The company has a 50 day simple moving average of $1,047.34 and a two-hundred day simple moving average of $969.29. The firm has a market cap of $299.11 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping 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 firm had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the previous year, the firm earned $10.91 earnings per share. The company's quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities analysts expect 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 business 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 $5.00 dividend. This represents a $20.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio is presently 27.78%.

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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