Envestnet Asset Management Inc. Raises Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Envestnet Asset Management increased its Goldman Sachs stake by 0.8% in the second quarter, bringing its holdings to 292,463 shares valued at approximately $295.8 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported strong quarterly results, with earnings per share of $20.98 and revenue of $20.34 billion, exceeding analyst estimates and representing 39.4% year-over-year revenue growth. The company also raised its quarterly dividend to $5.00 per share, or $20.00 annualized.
• Analyst sentiment is broadly neutral: GS has an average “Hold” rating and a consensus price target of $1,055.71, while Citigroup recently cut its target to $1,050. The stock opened at $936.96, down 1.3%, after retreating from its 52-week high of $1,153.99.

Envestnet Asset Management Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,463 shares of the investment management company's stock after acquiring an additional 2,221 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of The Goldman Sachs Group worth $295,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $24,172,123,000. State Street Corp lifted its position in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company's stock valued at $17,197,444,000 after buying an additional 394,198 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company's stock valued at $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Bank of America Corp DE acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $6,756,772,000. Finally, Norges Bank purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $2,515,830,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GS. Wall Street Zen cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a research note on Wednesday, July 15th. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Finally, Citigroup reduced their target price on The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a "neutral" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1,055.71.

The Goldman Sachs Group Trading Down 1.3%

GS opened at $936.96 on Thursday. 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 company's 50 day simple moving average is $1,026.13 and its two-hundred day simple moving average is $980.53. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The firm has a market capitalization of $272.81 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 19.16% and a net margin of 15.53%.The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.91 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 69.64 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $5.00 dividend. 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. This represents a $20.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group's dividend payout ratio is currently 30.87%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Potential Palmer Square acquisition could expand Goldman’s credit and asset-management businesses. Goldman Sachs is reportedly the leading bidder for Palmer Square, a credit manager overseeing approximately $37 billion. The transaction could strengthen GS’s private-credit capabilities, increase recurring fee revenue and support its asset and wealth management franchise. Goldman in Talks to Buy $37 Billion Credit Firm Palmer Square
• Positive Sentiment: Growth initiatives remain visible across technology and investment banking. GS invested $400 million in cybersecurity company Cyera, reportedly valuing the company at $12 billion, and continues expanding its dealmaking and market-making capabilities. These investments may create future investment-banking, financing and asset-management opportunities, although they are not immediate earnings catalysts. Goldman Sachs Group Invests $400 Million in Cyera
• Neutral Sentiment: Goldman’s market outlook remains constructive. Strategist Ben Snider rejected concerns that S&P 500 earnings expectations represent a bubble, while the firm expects a sizeable 2026 revenue base driven by Global Banking & Markets, asset and wealth management, and efficiency gains. These views may support sentiment but do not directly change GS’s near-term results. Goldman Sachs and Deutsche Bank Agree: The S&P 500 Rally Isn’t Over
• Negative Sentiment: Citigroup lowered its GS price target to $1,050 from $1,200 and retained a Neutral rating. Although the revised target still implies upside from recent trading levels, the sizeable reduction signals more cautious expectations and likely contributed to selling pressure. Citigroup Adjusts Price Target on Goldman Sachs
• Negative Sentiment: Palmer Square deal speculation introduces execution and valuation risks. Investors may worry that GS could pay a premium or assume additional risks to accelerate growth in credit and asset management. The stock’s retreat from its yearly high indicates that the market is demanding more evidence that the acquisition would improve returns.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.

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