Elevation Point Wealth Partners LLC Acquires 874 Shares of The Goldman Sachs Group, Inc. $GS

Elevation Point Wealth Partners LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,005 shares of the investment management company’s stock after buying an additional 874 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $16,111,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $25,000. BOK Financial Private Wealth Inc. raised its stake in shares of The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after acquiring an additional 17 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Manning & Napier Advisors LLC lifted its position in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Finally, Steph & Co. acquired a new position in shares of The Goldman Sachs Group during the first quarter worth approximately $27,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Down 0.2%

Shares of NYSE:GS opened at $1,036.86 on Tuesday. 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 stock has a market cap of $301.90 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.05 and a beta of 1.30. The company has a 50 day moving average of $1,053.15 and a 200-day moving average of $965.21. The Goldman Sachs Group, Inc. has a one year low of $721.16 and a one year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 period in the prior year, the business posted $10.91 earnings per share. The Goldman Sachs Group’s revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 earnings per share 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. Shareholders of record on Tuesday, September 1st will be given 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 is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is presently 27.78%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s involvement with potential future IPOs, including beverage brand Liquid Death, could support investment-banking revenue if the company proceeds with a public offering. However, Liquid Death’s CEO did not provide a timeline. Liquid Death CEO Dodges IPO Question Despite Goldman Sachs Ties
• Positive Sentiment: Goldman research highlighting stronger-than-reported Chinese gold demand and renewed expectations for Chinese economic easing could benefit the firm’s commodities, markets and advisory activity if trading and capital flows increase. China Gold Buying Far Exceeds Official PBOC Reports, Goldman Sachs Data Shows
• Neutral Sentiment: Goldman executive Chris Churchman warned that excessive reliance on AI could cause “cognitive atrophy” among junior bankers. The comments emphasize the need to preserve Goldman’s apprenticeship model while using AI, but do not indicate a change to earnings or strategy. Goldman Sachs partner warns of huge danger in letting AI replace bankers’ reasoning skills
• Neutral Sentiment: Articles comparing GS with finance peers and discussing Goldman’s stock performance provide market context but no new fundamental catalyst. Is The Goldman Sachs Group Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Mark Walter’s TWG Global hired a former Goldman executive as its top lawyer while federal authorities investigate how two TWG-linked insurers classified more than $20 billion in loans. Although Goldman is not identified as the investigation’s target, the connection may create reputational and headline risk. Mark Walter’s TWG Global hires Goldman veteran Markowitz as top lawyer amid probe of insurers

Analyst Ratings Changes

A number of brokerages recently weighed in on GS. Wall Street Zen lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Daiwa Securities Group upped their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. CICC Research lifted their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,062.86.

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.