Flputnam Investment Management Co. Makes New $17.16 Million Investment in The Goldman Sachs Group, Inc. $GS

Key Points

• Flputnam Investment Management bought 16,969 Goldman Sachs shares worth approximately $17.16 million during the second quarter. Institutional investors and hedge funds collectively own 71.21% of GS.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, beating estimates by wide margins; revenue rose 39.4% year over year.
• The company increased its quarterly dividend from $4.50 to $5.00 per share, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,062.86.

Flputnam Investment Management Co. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,969 shares of the investment management company's stock, valued at approximately $17,162,000.

Several other hedge funds and other institutional investors have also modified their holdings of GS. Audent Global Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 10.1% during the 4th quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock valued at $4,604,000 after buying an additional 479 shares during the period. Oak Grove Capital LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $1,890,000. Nomura Asset Management Co. Ltd. boosted its holdings in The Goldman Sachs Group by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company's stock worth $124,809,000 after acquiring an additional 3,653 shares during the period. Global Retirement Partners LLC boosted its holdings in The Goldman Sachs Group by 35.0% in the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company's stock worth $10,499,000 after acquiring an additional 3,098 shares during the period. Finally, New Age Alpha Advisors LLC grew its position in The Goldman Sachs Group by 92.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 14,298 shares of the investment management company's stock valued at $12,568,000 after acquiring an additional 6,867 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs agreed to acquire LCN Capital Partners for up to $410 million, including $260 million upfront and performance-based consideration. LCN manages approximately $3 billion in assets and specializes in sale-leaseback and triple-net-lease investments. The transaction expands Goldman’s Asset & Wealth Management business into private real estate and could increase recurring, capital-light fee 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. The trend supports growth prospects for Goldman’s asset-management and ETF operations, although it is an industry outlook rather than a direct earnings update. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds
• Neutral Sentiment: Goldman analysts reiterated Buy ratings on Talen Energy and Lowe’s, while maintaining a Buy rating but reducing the target for HawkEye 360. These calls may generate advisory activity and visibility but have limited direct effect on GS’s near-term financial results.
• Neutral Sentiment: Goldman research highlighted rising AI-related pressure on employment, particularly among entry-level workers. The report reinforces Goldman’s role as a source of influential economic research, but it does not directly change the company’s earnings outlook. Goldman studied where AI is squeezing labor markets
• Negative Sentiment: Ripple’s $275 million debt offering was described as supporting competition with traditional financial firms, including Goldman. The competitive threat appears limited and longer term, but it adds to concerns about emerging fintech and digital-asset rivals.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,022.32 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $705.55 and a 52 week 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 firm has a market cap of $297.67 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.05 and a beta of 1.30. The stock has a 50 day moving average of $1,055.05 and a 200-day moving average of $963.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the prior year, the company posted $10.91 EPS. The business's revenue was up 39.4% compared to the same quarter last year. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.0%. The Goldman Sachs Group's payout ratio is presently 27.78%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Rothschild & Co Redburn upped 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. Barclays raised their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Citigroup lifted their price target on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Two investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source