The Manufacturers Life Insurance Company Increases Position in The Goldman Sachs Group, Inc. $GS

The Manufacturers Life Insurance Company lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,871 shares of the investment management company's stock after purchasing an additional 8,024 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of The Goldman Sachs Group worth $246,644,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sky Investment Group LLC boosted its holdings in The Goldman Sachs Group by 0.9% in the 2nd 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 holdings in The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock worth $272,000 after acquiring an additional 10 shares during the period. Pines Wealth Management LLC raised its position in The Goldman Sachs Group by 0.4% in the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock worth $2,255,000 after acquiring an additional 11 shares in the last quarter. Welch & Forbes LLC boosted its position in shares of 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 worth $1,257,000 after purchasing an additional 11 shares in the last quarter. Finally, First Financial Group Corp boosted its holdings in The Goldman Sachs Group by 4.7% during the first 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. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. CICC Research upped their price target 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. Daiwa Securities Group raised their price objective on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Dbs Bank raised their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $1,060.58 on Wednesday. The business's 50-day simple moving average is $1,052.56 and its 200-day simple moving average is $966.26. The firm has a market capitalization of $308.81 billion, a P/E ratio of 16.37, a P/E/G 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 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 earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share 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 for 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 business's quarterly revenue was up 39.4% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. 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 is presently 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’s stock has continued to outperform finance-sector peers, reinforcing the view that its earnings momentum, investment-banking activity and fee-based businesses are supporting a premium valuation. This follows a recent quarter in which revenue and EPS significantly exceeded analyst expectations. Goldman Sachs Surpasses Market Returns
• Positive Sentiment: A Goldman analyst set a Street-high $328 price target on AI infrastructure company Nebius, citing strong demand. While the call directly benefits Nebius, it highlights Goldman’s influence in AI financing and research and could support activity across its investment-banking and asset-management franchises. Nebius Stock Jumps on Goldman Price Target
• Neutral Sentiment: Goldman reported a 3.13%–3.27% interest in QIAGEN through shares and derivatives. The disclosure demonstrates ongoing investment activity but does not indicate a material change to GS earnings or strategy. Goldman Reports Stake in QIAGEN
• Neutral Sentiment: Goldman is participating in conferences and advising companies on financings, mergers and IPOs, including events involving SoFi, Indian companies and Liquid Death. These activities could generate fees but offer limited immediate impact on GS shares.
• Negative Sentiment: Goldman Sachs, along with several major banks, reportedly faces SEC subpoenas related to the near-collapse of hedge fund Situational Awareness. The inquiry could create legal costs, reputational damage or additional compliance requirements, though no wrongdoing has been established. Banks Face Subpoenas Over AI Hedge Fund

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.

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