VMS Asset Management Limited Takes Position in The Goldman Sachs Group, Inc. $GS

Key Points

• VMS Asset Management acquired 9,890 Goldman Sachs shares worth approximately $10 million, making GS 3.2% of its portfolio and its 11th-largest holding. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported quarterly EPS of $20.98, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. The company also raised its quarterly dividend to $5.00, equivalent to a 1.9% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,062.86; recent targets range from $955 to $1,200. Goldman is also expanding its asset-management business through a proposed $2.25 billion acquisition of NEOS Investments.

VMS Asset Management Limited purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,890 shares of the investment management company's stock, valued at approximately $10,002,000. The Goldman Sachs Group accounts for 3.2% of VMS Asset Management Limited's investment portfolio, making the stock its 11th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Apollon Financial LLC increased its holdings in The Goldman Sachs Group by 6.0% during the 2nd quarter. Apollon Financial LLC now owns 474 shares of the investment management company's stock worth $480,000 after purchasing an additional 27 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 3.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 33,571 shares of the investment management company's stock worth $33,953,000 after buying an additional 1,109 shares during the period. WT Wealth Management purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $3,427,000. Retireful LLC grew its position in shares of The Goldman Sachs Group by 5.0% during the 2nd quarter. Retireful LLC now owns 337 shares of the investment management company's stock worth $341,000 after buying an additional 16 shares in the last quarter. Finally, Atlatl Advisers LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter worth $157,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective 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 raised their target price on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a research report on Wednesday, July 15th. Citigroup boosted their price target on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. UBS Group upped their price target on shares of 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. Finally, Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,062.86.

The Goldman Sachs Group Trading Down 0.4%

NYSE:GS opened at $1,038.81 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $705.55 and a 52 week high of $1,153.99. The firm has a 50 day moving average of $1,054.35 and a 200 day moving average of $961.00. 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 stock has a market capitalization of $302.47 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.05 and a beta of 1.30.

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 EPS for the quarter, beating the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.91 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.78%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs agreed to acquire ETF manager NEOS Investments for up to $2.25 billion in cash and equity. NEOS manages more than $30 billion across 19 options-based ETFs, giving Goldman an immediate presence in the fast-growing active ETF, income-generation and downside-management markets. The transaction is expected to close in the first quarter of 2027. Goldman Sachs to buy ETF manager NEOS in $2.25bn deal
• Positive Sentiment: The deal also adds NEOS’s Bitcoin- and Ethereum-linked income ETFs to Goldman’s product lineup, supporting its broader push into alternatives, digital assets and wealth-management products. Greater assets under management could provide recurring fee revenue over time. Goldman Sachs is paying $2.25 billion to get into Bitcoin income game
• Positive Sentiment: Goldman is reportedly courting banks, insurers, asset managers and private-credit firms to participate in Nvidia’s $500 billion AI infrastructure financing initiative. Its involvement could generate underwriting, placement and advisory fees while strengthening a longstanding relationship with Nvidia. Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure Push
• Neutral Sentiment: The latest news does not disclose Goldman’s expected revenue from either initiative. Investors may therefore focus on whether the substantial NEOS purchase price can translate into sufficient growth and whether the Nvidia financing can be executed without adding excessive risk.

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.

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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