QRG Capital Management Inc. Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

QRG Capital Management Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% in the second quarter, Holdings Channel.com reports. The firm owned 73,537 shares of the investment management company’s stock after buying an additional 8,560 shares during the period. QRG Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $74,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sky Investment Group LLC increased its stake in shares of The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after buying an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 3.9% in the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after acquiring an additional 10 shares in the last quarter. Welch & Forbes LLC boosted its stake in The Goldman Sachs Group by 0.8% during the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock valued at $1,257,000 after acquiring an additional 11 shares during the last quarter. First Financial Group Corp grew its holdings in The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock worth $208,000 after acquiring an additional 11 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC grew its holdings in The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock worth $569,000 after acquiring an additional 11 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is reportedly the leading bidder for Palmer Square, a credit manager overseeing approximately $37 billion. The deal could strengthen Goldman’s credit and Asset & Wealth Management businesses, increase recurring fee revenue and improve the firm’s earnings mix. Market Chatter: Goldman Sachs Leading Bidder to Acquire $37 Billion Palmer Square
• Positive Sentiment: Goldman Sachs invested $400 million in cybersecurity company Cyera in a funding round valuing the business at roughly $12 billion. The investment provides exposure to fast-growing AI and data-security demand, although it is not an immediate earnings catalyst. Goldman Sachs Group Invests $400 Million in Cyera
• Neutral Sentiment: Goldman disclosed stakes of approximately 2.6% and 3.41% in QIAGEN through Dutch regulatory filings. The holdings may reflect investment or client-related activity, but the disclosures have no clear direct impact on Goldman’s operating earnings. Goldman Sachs Discloses 3.41% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman appointed Simon Lyons as co-head of U.K. investment banking, a move aimed at strengthening leadership but unlikely to materially affect the stock in the short term. Goldman appoints Simon Lyons UK investment banking co-head
• Negative Sentiment: Citigroup lowered its Goldman Sachs price target to $1,050 from $1,200 and maintained a Neutral rating. Although the new target implies substantial upside, the cut signals reduced confidence in the bank’s valuation and is likely the clearest immediate pressure on GS. Citigroup Adjusts Price Target on Goldman Sachs
• Negative Sentiment: Investors appear concerned that the Palmer Square acquisition could require significant capital and carry execution, integration and valuation risks. Broader weakness across major banks and market sensitivity to interest rates are adding to the pressure. Major Banks Ease as Treasury Yields Pressure Financial Stocks

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $12.53 during trading on Wednesday, reaching $936.96. 2,129,118 shares of the company’s stock traded hands, compared to its average volume of 2,213,378. The stock has a market capitalization of $272.81 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12 month low of $740.01 and a 12 month high of $1,153.99. The company has a 50 day moving average of $1,030.43 and a 200-day moving average of $979.81. 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 (NYSE:GS) last issued its 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 firm had revenue of $20.34 billion for the quarter, compared to analysts’ expectations 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 revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $10.91 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 68.39 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business 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 $5.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio is 30.87%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GS shares. Citigroup cut their target price on shares of The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen cut The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Rothschild & Co Redburn increased their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,055.71.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc (NYSE:GS) is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.