The Goldman Sachs Group, Inc. $GS Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 57,826 shares of the investment management company’s stock after purchasing an additional 615 shares during the period. NewEdge Advisors LLC’s holdings in The Goldman Sachs Group were worth $48,920,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GS. Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $2,515,830,000. Corient Private Wealth LLC increased its holdings in shares of The Goldman Sachs Group by 1,657.7% in the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after acquiring an additional 2,448,767 shares during the period. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at $2,024,921,000. Bank of America Corp DE raised its position in The Goldman Sachs Group by 8.0% in the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock valued at $5,460,875,000 after purchasing an additional 476,977 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after purchasing an additional 450,984 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Wall Street Zen raised The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Bank of America upped 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. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, BNP Paribas Exane reduced their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,062.86.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $1,032.86 on Friday. The firm has a market cap of $300.74 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. 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 company’s 50-day moving average is $1,056.28 and its two-hundred day moving average is $957.28. The Goldman Sachs Group, Inc. has a 12-month low of $705.55 and a 12-month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last issued 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 business had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.91 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS 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 given a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: HSBC upgraded GS to “strong buy” from “hold,” adding to the bullish analyst view following Goldman’s strong quarterly results. The bank recently reported earnings and revenue well above consensus expectations, with revenue up 39.4% year over year.
• Positive Sentiment: Goldman continues to benefit from robust capital-markets activity. The firm was a joint book-running manager on Braveheart Bio’s upsized $382.5 million IPO and is involved in other recent equity offerings, including Attovia Therapeutics and Twist Bioscience. A healthy IPO pipeline could support underwriting fees and investment-banking revenue. Braveheart Bio IPO article
• Positive Sentiment: Asset-management momentum is another favorable signal. A Goldman covered-call ETF reportedly has delivered higher yields and stronger performance than the popular JEPI fund, potentially aiding inflows and strengthening the firm’s ETF franchise. Goldman ETF comparison article
• Neutral Sentiment: Goldman CEO David Solomon highlighted artificial intelligence and workforce adaptation in a town hall with interns, while cautioning employees to challenge AI-generated answers. The comments reinforce Goldman’s technology focus but do not represent a material earnings update. Fortune CEO interview
• Negative Sentiment: Broad market weakness likely outweighed the favorable company news. The Dow and Nasdaq both ended lower, creating a risk-off backdrop for financial stocks. GS has also more than doubled from its earlier lows, which may encourage profit-taking after its strong run. Goldman Sachs rally article

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.