Assenagon Asset Management S.A. Sells 1,062 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Assenagon Asset Management reduced its Goldman Sachs stake by 7.8%, selling 1,062 shares and retaining 12,549 shares valued at approximately $12.7 million. Institutional investors own 71.21% of the company.
• Goldman Sachs reported a strong quarter, with EPS of $20.98 versus the $14.47 consensus estimate and revenue up 39.4% year over year to $20.34 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,062.86.
• The company raised its quarterly dividend to $5.00 per share from $4.50, implying an annualized dividend of $20.00 and a 1.9% yield; its shares opened at $1,031.06 and have traded between $705.55 and $1,153.99 over the past year.

Assenagon Asset Management S.A. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,549 shares of the investment management company's stock after selling 1,062 shares during the period. Assenagon Asset Management S.A.'s holdings in The Goldman Sachs Group were worth $12,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group in the first quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC raised its holdings in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Steph & Co. acquired a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GS. Bank of America increased their price objective 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 report on Thursday, July 16th. BNP Paribas Exane cut their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating on the stock in a research report on Friday, April 24th. Dbs Bank increased their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Rothschild & Co Redburn increased their price target 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 price objective 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. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.86.

Insider Activity

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm's stock in a transaction dated 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 in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs is reportedly working with Nvidia, Apollo and Blackstone on a potential $500 billion financing effort to support the expansion of AI data centers. The mandate could generate substantial advisory, underwriting and financing revenue while reinforcing Goldman’s position in one of the market’s fastest-growing sectors. Wall Street giants partner with Nvidia on $500bn AI financing deal
• Positive Sentiment: Goldman ranked as the leading mergers-and-acquisitions adviser in the Middle East and Africa during the first half of 2026, working on three transactions worth a combined $34.8 billion. The result highlights continued strength in its investment-banking franchise. Goldman Sachs tops MEA M&A adviser table in H1 2026
• Positive Sentiment: CyrusOne is considering a potential 2027 IPO, and Goldman Sachs was among the banks pitching for roles. Winning a mandate for a large data-center offering would provide future underwriting and advisory revenue, although no appointment has been announced. Data center operator CyrusOne plans potential 2027 IPO
• Neutral Sentiment: Regulatory filings showed Goldman adjusting or disclosing stakes in Qiagen, Ontex and Metallium. These portfolio-position changes may affect the individual companies but do not appear to materially change Goldman’s earnings outlook. Goldman Sachs Discloses 2.63% Voting Interest in Qiagen
• Negative Sentiment: Brazilian civil police formally accused two Goldman Sachs representatives of fraud in a dispute involving a tender offer for minority shares of cancer-care company Oncoclinicas. The accusations are not a conviction, but the development raises legal, reputational and potential financial-liability concerns for Goldman. Brazilian police accuse Goldman executives of fraud over Oncoclinicas tender offer

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,031.06 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a twelve month low of $705.55 and a twelve month high of $1,153.99. The company has a fifty day moving average of $1,056.24 and a 200-day moving average of $958.46. The firm has a market capitalization of $300.21 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.05 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $10.91 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This is a boost 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 payout ratio is currently 27.78%.

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.

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