The Goldman Sachs Group, Inc. $GS Shares Bought by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors increased its Goldman Sachs stake by 3.7% in the second quarter, holding 82,129 shares valued at approximately $83.1 million. Institutional investors and hedge funds collectively own 71.21% of GS shares.
• Goldman Sachs reported quarterly earnings of $20.98 per share, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion.
• 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 consensus “Moderate Buy” rating with an average price target of $1,062.86.

Sanctuary Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,129 shares of the investment management company's stock after purchasing an additional 2,915 shares during the quarter. Sanctuary Advisors LLC's holdings in The Goldman Sachs Group were worth $83,063,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GS. BlackRock Inc. purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at about $24,172,123,000. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $2,515,830,000. Orange County Employees Retirement System purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $69,537,544,000. Bank of New York Mellon Corp purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $2,560,028,000. Finally, Corient Private Wealth LLC increased its holdings in The Goldman Sachs Group by 1,657.7% in the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock valued at $2,282,312,000 after purchasing an additional 2,448,767 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,036.86 on Tuesday. The company has a market cap of $301.90 billion, a P/E ratio of 16.00, a PEG ratio of 1.05 and a beta of 1.30. The firm has a fifty day moving average price of $1,053.15 and a 200 day moving average price of $965.21. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 12 month low of $721.16 and a 12 month high of $1,153.99.

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 earnings per share for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion for the quarter, compared to analysts' expectations of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The Goldman Sachs Group's quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $10.91 earnings per share. Sell-side 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 declared 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 represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio is currently 27.78%.

The Goldman Sachs Group News Summary

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 Ratings Changes

GS has been the topic of a number of research reports. Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Zacks Research raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a report on Wednesday, July 15th. Two 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" 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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