Davidson Investment Advisors Decreases Stake in The Goldman Sachs Group, Inc. $GS

Davidson Investment Advisors lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 23.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,653 shares of the investment management company's stock after selling 7,674 shares during the period. The Goldman Sachs Group makes up approximately 1.0% of Davidson Investment Advisors' portfolio, making the stock its 28th biggest holding. Davidson Investment Advisors' holdings in The Goldman Sachs Group were worth $24,933,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $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 purchasing an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $2,024,921,000. Bank of America Corp DE lifted its stake in shares of The Goldman Sachs Group by 8.0% in the first 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 period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in The Goldman Sachs Group by 428.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company's stock worth $488,947,000 after buying an additional 450,984 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. 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. BNP Paribas Exane reduced their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Wells Fargo & Company boosted 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 research note on Wednesday, July 15th. Rothschild & Co Redburn raised their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. Finally, Dbs Bank lifted their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.86.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs agreed to acquire ETF manager NEOS Investments for up to $2.25 billion in cash and equity. NEOS manages more than $30 billion across 19 options-based ETFs, giving Goldman an immediate presence in the fast-growing active ETF, income-generation and downside-management markets. The transaction is expected to close in the first quarter of 2027. Goldman Sachs to buy ETF manager NEOS in $2.25bn deal
• Positive Sentiment: The deal also adds NEOS’s Bitcoin- and Ethereum-linked income ETFs to Goldman’s product lineup, supporting its broader push into alternatives, digital assets and wealth-management products. Greater assets under management could provide recurring fee revenue over time. Goldman Sachs is paying $2.25 billion to get into Bitcoin income game
• Positive Sentiment: Goldman is reportedly courting banks, insurers, asset managers and private-credit firms to participate in Nvidia’s $500 billion AI infrastructure financing initiative. Its involvement could generate underwriting, placement and advisory fees while strengthening a longstanding relationship with Nvidia. Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure Push
• Neutral Sentiment: The latest news does not disclose Goldman’s expected revenue from either initiative. Investors may therefore focus on whether the substantial NEOS purchase price can translate into sufficient growth and whether the Nvidia financing can be executed without adding excessive risk.

The Goldman Sachs Group Trading Down 0.4%

Shares of GS opened at $1,038.81 on Friday. 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 firm has a 50 day simple moving average of $1,054.35 and a 200-day simple moving average of $961.00. The Goldman Sachs Group, Inc. has a 1-year low of $705.55 and a 1-year high of $1,153.99. The stock has a market cap of $302.47 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (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 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 Goldman Sachs Group's revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.91 EPS. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group's payout ratio is presently 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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