Fox Hill Wealth Management Purchases Shares of 5,172 The Goldman Sachs Group, Inc. $GS

Fox Hill Wealth Management purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, Holdings Channel reports. The fund purchased 5,172 shares of the investment management company’s stock, valued at approximately $5,231,000. The Goldman Sachs Group accounts for 2.1% of Fox Hill Wealth Management’s holdings, making the stock its 12th largest holding.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $24,172,123,000. Bank of America Corp DE purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at about $6,756,772,000. Norges Bank bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $2,515,830,000. Orange County Employees Retirement System bought a new position in The Goldman Sachs Group in the second quarter valued at about $69,537,544,000. Finally, Bank of New York Mellon Corp bought a new position in The Goldman Sachs Group in the second quarter worth approximately $2,560,028,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,034.35 on Friday. The business’s fifty day simple moving average is $1,048.89 and its 200-day simple moving average is $968.57. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 12-month low of $721.16 and a 12-month high of $1,153.99. The company has a market cap of $301.17 billion, a PE ratio of 15.96, a PEG ratio of 1.06 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $16.22 billion. During the same quarter last year, the company posted $10.91 earnings per share. The business’s quarterly revenue was up 39.4% on a year-over-year basis. Analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs received a Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and the potential for continued momentum in its businesses. All You Need to Know About Goldman Rating Upgrade to Strong Buy
• Positive Sentiment: Brokerage sentiment remains supportive, with analysts assigning GS an average “Moderate Buy” recommendation. Goldman’s strong recent earnings performance and broadening presence in investment banking, asset management, ETFs and alternatives reinforce the long-term thesis. Goldman Sachs Given Average Recommendation of Moderate Buy
• Positive Sentiment: Goldman Sachs Alternatives led a $240 million funding round for Owner, an AI-focused platform serving local businesses. The deal highlights Goldman’s ability to generate alternative-investment activity and related fees, although the direct earnings impact is likely limited. Owner Raises 240 Million Led by Goldman Sachs Alternatives
• Neutral Sentiment: An AFM filing identified Goldman Sachs as a 2.97% shareholder in Qiagen. The disclosure demonstrates investment activity but does not by itself materially change Goldman’s operating outlook. Goldman Sachs Revealed as a Shareholder in Qiagen
• Negative Sentiment: GS is challenging proposed changes to the global systemically important bank (GSIB) capital surcharge. Higher required buffers could constrain returns, capital deployment and shareholder distributions if regulators adopt a tougher framework. Goldman Faces GSIB Capital Fight and SEC AI Fund Subpoenas
• Negative Sentiment: The SEC has subpoenaed Goldman and other major banks regarding margin lending to hedge fund Situational Awareness, which suffered a sharp loss during an AI-stock sell-off. The investigation raises compliance, leverage and potential litigation risks, though no wrongdoing has been established. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GS shares. UBS Group upped their target price on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. BMO Capital Markets increased their price target 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 report on Wednesday, July 15th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Dbs Bank increased their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,062.86.

The Goldman Sachs Group 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.