Fosun International Ltd Takes $1.68 Million Position in The Goldman Sachs Group, Inc. $GS

Fosun International Ltd bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,658 shares of the investment management company’s stock, valued at approximately $1,677,000.

Other large investors have also added to or reduced their stakes in the company. Audent Global Asset Management LLC increased its stake in The Goldman Sachs Group by 10.1% in the 4th quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock valued at $4,604,000 after buying an additional 479 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $53,720,000. Oak Grove Capital LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $1,890,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of The Goldman Sachs Group by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company’s stock valued at $124,809,000 after acquiring an additional 3,653 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of The Goldman Sachs Group by 35.0% during the fourth quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company’s stock valued at $10,499,000 after acquiring an additional 3,098 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GS shares. Rothschild & Co Redburn boosted their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Citigroup raised their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Daiwa Securities Group boosted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,062.86.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,034.35 on Monday. The company has a market capitalization of $301.17 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.05 and a beta of 1.30. The business has a fifty day simple moving average of $1,048.89 and a two-hundred day simple moving average of $968.74. 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 $721.16 and a 1 year 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, beating 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 return on equity of 19.16% and a net margin of 15.53%.The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.91 EPS. On average, analysts expect 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 disclosed 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 is Tuesday, September 1st. 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 Goldman Sachs Group’s dividend payout ratio (DPR) 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 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

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.