The Goldman Sachs Group, Inc. $GS Stock Holdings Trimmed by Commerce Bank

Key Points

• Commerce Bank reduced its Goldman Sachs stake by 2.1% in the second quarter, selling 1,298 shares and retaining 61,807 shares valued at approximately $62.5 million. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, surpassing analyst estimates and representing 39.4% year-over-year revenue growth.
• The company raised its quarterly dividend from $4.50 to $5.00 per share, while analysts maintained an overall “Moderate Buy” rating with a consensus price target of $1,062.86.

Commerce Bank lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 61,807 shares of the investment management company's stock after selling 1,298 shares during the quarter. Commerce Bank's holdings in The Goldman Sachs Group were worth $62,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sky Investment Group LLC raised its stake in shares of The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock valued at $1,181,000 after purchasing an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC grew its position in The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock valued at $272,000 after buying an additional 10 shares in the last quarter. Pines Wealth Management LLC increased its stake in The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock valued at $2,255,000 after buying an additional 11 shares during the period. Welch & Forbes LLC increased its stake in The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company's stock valued at $1,257,000 after buying an additional 11 shares during the period. Finally, First Financial Group Corp raised its position in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock worth $208,000 after buying an additional 11 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 0.2%

Shares of NYSE:GS opened at $1,036.86 on Tuesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $301.90 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.05 and a beta of 1.30. 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 moving average price of $1,053.15 and a 200 day moving average price of $965.21.

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 (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company had revenue of $20.34 billion for the quarter, compared to analysts' expectations of $16.22 billion. During the same quarter in the prior year, the company earned $10.91 earnings per share. The firm's revenue was up 39.4% on a year-over-year basis. On average, research analysts anticipate 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 announced 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 dividend 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 payout ratio is presently 27.78%.

Analyst Ratings Changes

Several equities research analysts recently commented on GS shares. CICC Research boosted their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a report on Tuesday, May 19th. Evercore reaffirmed an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,062.86.

Key The Goldman Sachs Group News

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

About The Goldman Sachs Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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