EFG International AG Sells 1,478 Shares of The Goldman Sachs Group, Inc. $GS

EFG International AG decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,007 shares of the investment management company's stock after selling 1,478 shares during the quarter. EFG International AG's holdings in The Goldman Sachs Group were worth $6,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $24,172,123,000. State Street Corp lifted its position in The Goldman Sachs Group by 2.1% during the fourth quarter. State Street Corp now owns 19,564,783 shares of the investment management company's stock valued at $17,197,444,000 after purchasing an additional 394,198 shares during the period. Fisher Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company's stock worth $5,952,199,000 after purchasing an additional 110,134 shares during the last quarter. Geode Capital Management LLC boosted its holdings in The Goldman Sachs Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company's stock worth $5,896,795,000 after purchasing an additional 45,266 shares during the last quarter. Finally, Bank of America Corp DE grew its position 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 worth $5,460,875,000 after purchasing an additional 476,977 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman’s stock has continued to outperform finance-sector peers, reinforcing the view that its earnings momentum, investment-banking activity and fee-based businesses are supporting a premium valuation. This follows a recent quarter in which revenue and EPS significantly exceeded analyst expectations. Goldman Sachs Surpasses Market Returns
• Positive Sentiment: A Goldman analyst set a Street-high $328 price target on AI infrastructure company Nebius, citing strong demand. While the call directly benefits Nebius, it highlights Goldman’s influence in AI financing and research and could support activity across its investment-banking and asset-management franchises. Nebius Stock Jumps on Goldman Price Target
• Neutral Sentiment: Goldman reported a 3.13%–3.27% interest in QIAGEN through shares and derivatives. The disclosure demonstrates ongoing investment activity but does not indicate a material change to GS earnings or strategy. Goldman Reports Stake in QIAGEN
• Neutral Sentiment: Goldman is participating in conferences and advising companies on financings, mergers and IPOs, including events involving SoFi, Indian companies and Liquid Death. These activities could generate fees but offer limited immediate impact on GS shares.
• Negative Sentiment: Goldman Sachs, along with several major banks, reportedly faces SEC subpoenas related to the near-collapse of hedge fund Situational Awareness. The inquiry could create legal costs, reputational damage or additional compliance requirements, though no wrongdoing has been established. Banks Face Subpoenas Over AI Hedge Fund

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Rothschild & Co Redburn boosted their target price on shares of 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. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a report on Wednesday, July 15th. CICC Research upped their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. Barclays upped their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, Bank of America raised their target price on 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. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group Trading Up 2.3%

Shares of The Goldman Sachs Group stock opened at $1,060.58 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $721.16 and a 1-year high of $1,153.99. The company's fifty day simple moving average is $1,052.56 and its 200-day simple moving average is $966.26. 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 stock has a market capitalization of $308.81 billion, a PE ratio of 16.37, a P/E/G ratio of 1.05 and a beta of 1.30.

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 the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same period in the prior year, the business posted $10.91 EPS. The Goldman Sachs Group's revenue was up 39.4% on a year-over-year basis. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a $5.00 dividend. 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 1.9%. The Goldman Sachs Group's dividend payout ratio (DPR) 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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