Bank of New York Mellon Corp Makes New Investment in The Goldman Sachs Group, Inc. $GS

Key Points

• Bank of New York Mellon acquired 2.53 million Goldman Sachs shares worth approximately $2.56 billion, representing about 0.86% of GS. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, surpassing analyst estimates and increasing revenue 39.4% year over year. The company also raised its quarterly dividend to $5.00 per share.
• Goldman is expanding its asset-management platform through proposed acquisitions of NEOS Investments for up to $2.25 billion and LCN Capital Partners for up to $410 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86, although GS shares recently traded down 1.9%.

Bank of New York Mellon Corp acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,531,247 shares of the investment management company's stock, valued at approximately $2,560,028,000. Bank of New York Mellon Corp owned about 0.86% of The Goldman Sachs Group as of its most recent SEC filing.

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

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of income-focused ETFs including the NEOS Nasdaq-100 High Income ETF, for up to $2.25 billion. The transaction would expand Goldman’s ETF and wealth-management capabilities and could add recurring fee revenue, although the premium price raises execution and integration expectations. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Positive Sentiment: Goldman is also buying LCN Capital Partners for up to $410 million. LCN oversees roughly $3 billion, and the deal broadens Goldman’s private real-estate and net-lease platform while supporting more durable, capital-light asset-management revenue. Goldman Sachs to buy LCN Capital Partners in up to $410 million deal
• Positive Sentiment: Goldman forecasts U.S. ETF inflows could exceed $2 trillion in 2026, driven by active, AI, thematic and leveraged products. That outlook supports the strategic rationale for the NEOS acquisition and Goldman’s broader asset-management push. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds
• Neutral Sentiment: Goldman’s research projecting a $1.8 trillion global space economy by 2035 and its positive views on AI-related opportunities reinforce the firm’s market influence, but these forecasts have limited immediate impact on GS earnings. Elon Musk responds to Goldman Sachs' bold space economy prediction
• Negative Sentiment: Reports indicate GS underperformed while the broader market advanced, suggesting investors may be taking profits or remaining cautious about valuation, acquisition costs and financial-sector exposure. Rising oil prices and escalating U.S.-Iran tensions could further pressure markets and increase volatility. Goldman Sachs Stock Sinks As Market Gains

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GS shares. Daiwa Securities Group boosted their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. BMO Capital Markets increased their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 15th. Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. HSBC upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Finally, Rothschild & Co Redburn upped their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of "Moderate Buy" and an average price target of $1,062.86.

The Goldman Sachs Group Trading Down 1.9%

Shares of GS stock opened at $1,002.64 on Friday. The stock has a market cap of $291.94 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1 year low of $712.97 and a 1 year high of $1,153.99. 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 stock has a 50 day simple moving average of $1,054.38 and a 200 day simple moving average of $963.86.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company's revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company earned $10.91 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. The ex-dividend date 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 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is currently 27.78%.

The Goldman Sachs Group 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.

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