Wedge Capital Management L L P NC Reduces Stock Holdings in The Goldman Sachs Group, Inc. $GS

Wedge Capital Management L L P NC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,224 shares of the investment management company’s stock after selling 4,236 shares during the period. Wedge Capital Management L L P NC’s holdings in The Goldman Sachs Group were worth $32,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tema ETFs LLC grew its stake in shares of The Goldman Sachs Group by 9.7% in the 2nd quarter. Tema ETFs LLC now owns 6,535 shares of the investment management company’s stock valued at $6,609,000 after buying an additional 580 shares during the period. West Branch Capital LLC raised its position in shares of The Goldman Sachs Group by 9.9% during the 2nd quarter. West Branch Capital LLC now owns 1,423 shares of the investment management company’s stock valued at $1,439,000 after buying an additional 128 shares during the period. Canvas Wealth Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $202,000. Nolet Wealth Management LLC acquired a new position in The Goldman Sachs Group in the second quarter valued at approximately $200,000. Finally, William Mack & Associates Inc. acquired a new position in The Goldman Sachs Group in the second quarter valued at approximately $258,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $1,032.74 on Wednesday. The stock has a market capitalization of $300.70 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.05 and a beta of 1.30. 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 Goldman Sachs Group, Inc. has a 1 year low of $705.55 and a 1 year high of $1,153.99. The company’s fifty day moving average is $1,055.59 and its two-hundred day moving average is $959.02.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 the consensus estimate of $16.22 billion. During the same quarter in the previous year, the firm earned $10.91 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts predict 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 30.87%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is one of six major financial institutions partnering with NVIDIA to mobilize more than $500 billion in third-party capital for AI infrastructure. The initiative could generate underwriting, advisory, lending and asset-management revenue while strengthening Goldman’s role in financing data-center growth. Nvidia Strikes Deals With Wall Street Firms to Fund Its Own Customers
• Positive Sentiment: Analysts and market commentary continue to highlight Goldman’s leadership in mergers and acquisitions, a record investment-banking backlog and accelerating revenue growth as potential drivers of further earnings expansion. Goldman’s M&A Leadership Bodes Well
• Positive Sentiment: Goldman Sachs’ work on major capital-markets transactions, including advising on Shiprocket’s anchor financing and potentially competing for roles on a proposed CyrusOne IPO, underscores continued deal-flow opportunities across technology and infrastructure. Shiprocket Anchor Round
• Neutral Sentiment: Goldman redeemed all outstanding shares of its 3.65% fixed-to-floating-rate preferred stock and updated related incorporation terms. The action is primarily a balance-sheet and corporate-structure matter, with limited immediate effect on earnings. Goldman Sachs Updates Preferred Stock and Incorporation Terms
• Negative Sentiment: Brazilian police formally accused two Goldman Sachs representatives of fraud in a dispute involving an Oncoclínicas tender offer. The allegations are not a finding of wrongdoing, but the investigation introduces legal, reputational and potential financial risk. Brazilian Police Accuse Goldman Executives of Fraud
• Negative Sentiment: Valuation commentary suggests GS shares are closer to fair value after a substantial multiyear rally, potentially limiting near-term upside unless earnings and deal activity continue to outperform expectations. Goldman Sachs Stock May Be a Bargain on Earnings but Fairly Valued Overall

Insider Activity

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GS shares. BMO Capital Markets raised their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Daiwa Securities Group boosted their price objective on shares of 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. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. UBS Group raised their price target on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, HSBC upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average 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.