BlackRock Inc. Makes New Investment in The Goldman Sachs Group, Inc. $GS

Key Points

• BlackRock acquired 23.9 million Goldman Sachs shares worth approximately $24.17 billion, giving it an 8.21% stake. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported a strong quarter, with EPS of $20.98 and revenue of $20.34 billion, beating estimates and representing 39.4% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86.
• The firm is expanding its asset-management platform through planned acquisitions of NEOS Investments for up to $2.25 billion and LCN Capital Partners for up to $410 million, while raising its quarterly dividend from $4.50 to $5.00 per share.

BlackRock Inc. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,900,376 shares of the investment management company's stock, valued at approximately $24,172,123,000. BlackRock Inc. owned 8.21% of The Goldman Sachs Group at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Turim 21 Investimentos Ltda. purchased a new stake in The Goldman Sachs Group in the first quarter worth $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $26,000. Manning & Napier Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock valued at $27,000 after purchasing an additional 23 shares during the period. Steph & Co. bought a new position in shares of The Goldman Sachs Group in the first quarter worth about $27,000. Finally, Lifetime Wealth Management P.C. purchased a new position in The Goldman Sachs Group in the 4th quarter worth about $29,000. Institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Dbs Bank increased their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Daiwa Securities Group lifted their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

Key Headlines Impacting The Goldman Sachs Group

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

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,002.64 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $1,054.38 and a 200-day moving average price of $963.86. The Goldman Sachs Group, Inc. has a fifty-two week low of $712.97 and a fifty-two week high of $1,153.99. The stock has a market capitalization of $291.94 billion, a PE ratio of 15.48, a PEG ratio of 1.04 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The company 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% compared to the same quarter last year. During the same period last year, the company posted $10.91 earnings per share. Equities 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 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 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 annualized dividend and a yield of 2.0%. The Goldman Sachs Group's payout ratio is 27.78%.

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.

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