Patton Albertson Miller Group LLC Lowers Stock Holdings in The Goldman Sachs Group, Inc. $GS

Patton Albertson Miller Group LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,358 shares of the investment management company’s stock after selling 622 shares during the period. The Goldman Sachs Group comprises about 1.1% of Patton Albertson Miller Group LLC’s holdings, making the stock its 20th largest holding. Patton Albertson Miller Group LLC’s holdings in The Goldman Sachs Group were worth $11,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clarendon Private LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter worth about $210,000. Synergy Asset Management LLC purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $211,000. RWQ Financial Management Services Inc. purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $7,166,000. Mirae Asset Global Investments Co. Ltd. lifted its position in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,782 shares of the investment management company’s stock worth $86,757,000 after buying an additional 4,740 shares during the last quarter. Finally, Herold Advisors Inc. lifted its position in The Goldman Sachs Group by 2.2% in the 2nd quarter. Herold Advisors Inc. now owns 1,825 shares of the investment management company’s stock worth $1,844,000 after buying an additional 39 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on GS. Weiss Ratings raised The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. CICC Research lifted their price target on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Dbs Bank boosted their price objective on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Citigroup increased their target price 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. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $1,062.86.

The Goldman Sachs Group Trading Down 0.4%

Shares of GS stock opened at $1,038.81 on Friday. The business has a 50-day moving average of $1,054.35 and a 200 day moving average of $961.00. 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 Goldman Sachs Group, Inc. has a 1-year low of $705.55 and a 1-year high of $1,153.99. The stock has a market capitalization of $302.47 billion, a PE ratio of 16.03, a P/E/G ratio of 1.05 and a beta of 1.30.

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 analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period in the previous year, the firm earned $10.91 EPS. The business’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is presently 27.78%.

More The Goldman Sachs Group News

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.

About The Goldman Sachs Group

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.