NewEdge Wealth LLC Buys 1,675 Shares of The Goldman Sachs Group, Inc. $GS

NewEdge Wealth LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,025 shares of the investment management company's stock after buying an additional 1,675 shares during the quarter. NewEdge Wealth LLC's holdings in The Goldman Sachs Group were worth $22,017,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acropolis Investment Management LLC grew its stake in shares of The Goldman Sachs Group by 1.8% during the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock valued at $554,000 after acquiring an additional 11 shares during the period. Walkner Condon Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock worth $505,000 after acquiring an additional 11 shares in the last quarter. Optas LLC raised its stake in The Goldman Sachs Group by 0.4% during the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company's stock worth $2,244,000 after acquiring an additional 11 shares during the period. Pines Wealth Management LLC raised its stake in The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock worth $2,255,000 after acquiring an additional 11 shares during the period. Finally, Welch & Forbes LLC lifted its holdings in The Goldman Sachs Group by 0.8% during the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company's stock valued at $1,257,000 after purchasing an additional 11 shares in the last quarter. 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 Sachs launched a new private markets platform for wealthy clients and family offices, expanding its alternatives business and giving it another way to tap strong demand for private-company investing. Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe
• Positive Sentiment: The bank’s latest earnings call highlighted record revenue and earnings, helped by a surge in M&A activity and strong investment banking conditions, reinforcing optimism about Goldman Sachs’ operating momentum. Goldman Sachs (GS) Q2 2026 Earnings Call Transcript
• Positive Sentiment: Analysts and media commentary continue to favor GS as one of the better-positioned large investment banks, citing strong Q2 results, improving estimates, and an upbeat 2026 outlook. Buy 3 Top-Ranked Big Investment Banks Amid Solid Q2 Earnings & Outlook
• Neutral Sentiment: Goldman Sachs analysts issued several separate stock calls on other companies, keeping the firm active in markets research but with limited direct impact on GS shares. Goldman’s Koslosky Reiterates Buy on Danaher...
• Neutral Sentiment: Goldman also reiterated views on names like QIAGEN, ServiceNow, IREN, and W.R. Berkley, underscoring the bank’s influence in sell-side research rather than changing the earnings outlook for GS itself. Goldman’s Robert Cox Reiterates Buy on W.R. Berkley...
• Neutral Sentiment: Recent commentary about oil, gold, and gas price forecasts from Goldman Sachs reflects the bank’s market views, but those calls are more relevant to commodities than to GS stock directly. Oil prices could surpass $120 per barrel...

Insider Activity

In related news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the transaction, the chief financial officer directly owned 31,070 shares of the company's stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 31,450 shares of company stock valued at $29,668,201. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 1.2%

Shares of NYSE:GS opened at $1,098.86 on Thursday. The company has a 50-day moving average price of $1,043.02 and a 200 day moving average price of $950.03. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 2.83. The Goldman Sachs Group, Inc. has a 12 month low of $694.05 and a 12 month high of $1,153.99. The company has a market cap of $324.17 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.10 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 analysts' consensus estimates of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business posted $10.91 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 68.83 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed 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 represents a $20.00 dividend on an annualized basis and a yield of 1.8%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. Rothschild & Co Redburn lifted 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. UBS Group upped their target price on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a "neutral" rating in a report on Tuesday, July 7th. Weiss Ratings lowered The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1,061.43.

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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