The Goldman Sachs Group, Inc. $GS Stake Raised by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,320 shares of the investment management company’s stock after acquiring an additional 8,131 shares during the quarter. The Goldman Sachs Group accounts for about 0.6% of PensionDanmark Pensionsforsikringsaktieselskab’s investment portfolio, making the stock its 28th largest holding. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in The Goldman Sachs Group were worth $68,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Optas LLC lifted its position in shares of The Goldman Sachs Group by 0.4% in the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock worth $2,244,000 after purchasing an additional 11 shares in the last quarter. Pines Wealth Management LLC grew its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock valued at $2,255,000 after purchasing an additional 11 shares in the last quarter. Welch & Forbes LLC increased its stake in The Goldman Sachs Group by 0.8% in 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. First Financial Group Corp increased its stake in The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock valued at $208,000 after buying an additional 11 shares during the period. Finally, Meadow Creek Wealth Advisors LLC lifted its position in The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock worth $569,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $1,032.86 on Friday. 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 $300.74 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $705.55 and a 12-month high of $1,153.99. The company has a 50 day moving average price of $1,056.28 and a two-hundred day moving average price of $957.28.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS 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 analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.91 EPS. As a group, equities analysts predict 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 disclosed 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 is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio is currently 27.78%.

Analyst Ratings Changes

A number of brokerages have issued reports on GS. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Daiwa Securities Group lifted their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, HSBC upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,062.86.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: HSBC upgraded GS to “strong buy” from “hold,” adding to the bullish analyst view following Goldman’s strong quarterly results. The bank recently reported earnings and revenue well above consensus expectations, with revenue up 39.4% year over year.
• Positive Sentiment: Goldman continues to benefit from robust capital-markets activity. The firm was a joint book-running manager on Braveheart Bio’s upsized $382.5 million IPO and is involved in other recent equity offerings, including Attovia Therapeutics and Twist Bioscience. A healthy IPO pipeline could support underwriting fees and investment-banking revenue. Braveheart Bio IPO article
• Positive Sentiment: Asset-management momentum is another favorable signal. A Goldman covered-call ETF reportedly has delivered higher yields and stronger performance than the popular JEPI fund, potentially aiding inflows and strengthening the firm’s ETF franchise. Goldman ETF comparison article
• Neutral Sentiment: Goldman CEO David Solomon highlighted artificial intelligence and workforce adaptation in a town hall with interns, while cautioning employees to challenge AI-generated answers. The comments reinforce Goldman’s technology focus but do not represent a material earnings update. Fortune CEO interview
• Negative Sentiment: Broad market weakness likely outweighed the favorable company news. The Dow and Nasdaq both ended lower, creating a risk-off backdrop for financial stocks. GS has also more than doubled from its earlier lows, which may encourage profit-taking after its strong run. Goldman Sachs rally article

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

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.