Vise Technologies Inc. Has $16.55 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Vise Technologies increased its Goldman Sachs position by 35.1% in the second quarter, holding 16,359 shares valued at approximately $16.55 million.
• Institutional investors and hedge funds own 71.21% of Goldman Sachs shares, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,062.86.
• Goldman Sachs reported quarterly earnings of $20.98 per share and $20.34 billion in revenue, both above estimates, and raised its quarterly dividend to $5.00 per share.

Vise Technologies Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 35.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,359 shares of the investment management company's stock after purchasing an additional 4,246 shares during the quarter. Vise Technologies Inc.'s holdings in The Goldman Sachs Group were worth $16,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GS. BlackRock Inc. acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at $24,172,123,000. Norges Bank bought a new position in The Goldman Sachs Group in the 4th quarter worth $2,515,830,000. Orange County Employees Retirement System acquired a new position in The Goldman Sachs Group during the 2nd quarter worth $69,537,544,000. Bank of New York Mellon Corp acquired a new position in The Goldman Sachs Group during the 2nd quarter worth $2,560,028,000. Finally, Corient Private Wealth LLC boosted its holdings in The Goldman Sachs Group by 1,657.7% during the fourth 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 acquiring an additional 2,448,767 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GS. Keefe, Bruyette & Woods raised 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 research report on Wednesday, July 15th. UBS Group boosted their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Citigroup increased their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Finally, Daiwa Securities Group lifted 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 research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and a consensus price target 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 was among the financial giants receiving a “Buy” growth grade, reinforcing the view that its earnings growth, capital-markets franchise and strategic positioning remain attractive. Citigroup and Goldman Sachs lead as most financial giants earn Buy growth grades
• Positive Sentiment: The firm is reportedly expanding into India’s government share-sale market. Greater participation in equity offerings could create additional investment-banking revenue and deepen Goldman’s presence in a fast-growing market. Goldman Sachs expands into India's government share sale market
• Positive Sentiment: Goldman agreed to pay up to $2.25 billion for NEOS Investments, the issuer of high-income ETFs. The acquisition supports Goldman’s asset-management and wealth-products strategy, although investors will monitor the price paid and integration execution. Goldman Sachs acquisition of NEOS Investments
• Neutral Sentiment: Goldman research said gold could exceed its $4,900 year-end forecast amid options demand, Western investor buying and central-bank purchases. The call may benefit the firm’s commodities and trading franchise, but changing interest-rate expectations could increase market volatility and forecasting risk. Gold could top Goldman's forecast
• Negative Sentiment: Goldman strategists described July as one of the sharpest hedge-fund de-grossing episodes of the past decade, with hedge funds posting an unusually weak month relative to the S&P 500. Continued de-risking could pressure trading activity and investment-banking sentiment across Wall Street. Goldman Sachs hedge funds worst month versus S&P 500

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,041.35 on Friday. 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 firm's 50-day moving average is $1,053.96 and its 200-day moving average is $964.40. The Goldman Sachs Group, Inc. has a 52-week low of $718.58 and a 52-week high of $1,153.99. The company has a market cap of $303.21 billion, a price-to-earnings ratio of 16.07, a PEG 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 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same period last year, the business earned $10.91 earnings per share. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 dividend yield of 1.9%. The ex-dividend date of this dividend 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 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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