The Manufacturers Life Insurance Company Purchases 8,024 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• The Manufacturers Life Insurance Company increased its Goldman Sachs stake by 3.4%, purchasing 8,024 shares to hold 243,871 shares valued at approximately $246.6 million. Institutional investors collectively own 71.21% of GS.
• Analysts maintain a generally positive outlook, with Goldman Sachs carrying a consensus rating of “Moderate Buy” and an average price target of $1,062.86.
• Goldman Sachs reported strong quarterly results, earning $20.98 per share on $20.34 billion in revenue, while revenue rose 39.4% year over year. The company also raised its quarterly dividend to $5.00 per share, equivalent to a 2.0% annual yield.

The Manufacturers Life Insurance Company grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.08% of The Goldman Sachs Group worth $246,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. Van Hulzen Asset Management LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth $234,000. IPG Investment Advisors LLC raised its holdings in The Goldman Sachs Group by 21.3% during the second quarter. IPG Investment Advisors LLC now owns 7,250 shares of the investment management company's stock valued at $7,332,000 after acquiring an additional 1,272 shares during the period. MCF Advisors LLC lifted its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. MCF Advisors LLC now owns 965 shares of the investment management company's stock valued at $976,000 after acquiring an additional 32 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of The Goldman Sachs Group by 1.3% in the second quarter. Archford Capital Strategies LLC now owns 1,031 shares of the investment management company's stock valued at $1,043,000 after acquiring an additional 13 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of The Goldman Sachs Group in the second quarter worth about $2,266,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GS shares. Evercore reiterated an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Finally, Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, 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 Price Performance

The Goldman Sachs Group stock opened at $1,018.80 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99. 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 firm's fifty day moving average is $1,044.70 and its 200 day moving average is $975.30. The company has a market cap of $296.64 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.04 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate 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 firm's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm posted $10.91 earnings per share. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 1st. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's payout ratio is currently 30.87%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is expanding its Canadian wealth-management and asset-management footprint through a deeper collaboration with IG, potentially increasing recurring fee revenue and broadening distribution. Goldman's IG Deal Expands Canadian Wealth Reach & AWM Scale
• Positive Sentiment: At Goldman’s technology conference, management and industry executives highlighted artificial intelligence as a major driver of future institutional investing, cybersecurity, fintech and capital-markets activity. This supports long-term business opportunities for Goldman’s investment banking, trading and asset-management divisions. Goldman Sachs Sees AI Reshaping Institutional Investing
• Neutral Sentiment: Goldman Sachs raised its price target on Coinbase to $219 and maintained a Buy rating, citing growth in derivatives, prediction markets, tokenized equities, lending, Base and agentic finance. The call demonstrates Goldman’s active coverage of emerging financial platforms, although the direct earnings impact on GS is limited. Goldman Sachs Increases COIN Target to $219
• Negative Sentiment: Sharmin Mossavar-Rahmani, Goldman Sachs’ investment strategy chief, plans to retire. Farshid Asl and Matt Weir will become co-heads of the Investment Strategy Group. The succession appears orderly, but the departure of a prominent senior executive may create short-term uncertainty for investors. Goldman Sachs investment strategy chief to retire
• Negative Sentiment: Chief economist Jan Hatzius warned that the AI investment boom will not continue indefinitely. A potential slowdown in AI-related spending could weigh on market activity, technology valuations and investment-banking opportunities, although the warning also reflects Goldman’s broader risk-monitoring role. The AI investment boom will not last forever

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.

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