Saudi Central Bank Has $20.89 Million Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Saudi Central Bank increased its Goldman Sachs position by 86.5% in the second quarter, bringing its holdings to 20,650 shares valued at approximately $20.89 million.
• Goldman Sachs reported stronger-than-expected quarterly results, with EPS of $20.98 and revenue of $20.34 billion; revenue rose 39.4% year over year.
• The company raised its quarterly dividend to $5.00 per share, or $20 annually, implying a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86.

Saudi Central Bank grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 86.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,650 shares of the investment management company's stock after buying an additional 9,579 shares during the quarter. Saudi Central Bank's holdings in The Goldman Sachs Group were worth $20,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in GS. Sky Investment Group LLC raised its position in The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock valued at $1,181,000 after acquiring an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC grew its position in The Goldman Sachs Group by 3.9% in the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock worth $272,000 after acquiring an additional 10 shares in the last quarter. Welch & Forbes LLC grew its position in The Goldman Sachs Group by 0.8% in the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company's stock worth $1,257,000 after acquiring an additional 11 shares in the last quarter. First Financial Group Corp increased its stake in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock worth $208,000 after purchasing an additional 11 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock worth $569,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $1,038.01 on Friday. 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 fifty day simple moving average of $1,043.76 and a 200-day simple moving average of $971.77. The stock has a market capitalization of $302.24 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.05 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 1-year low of $727.15 and a 1-year high of $1,153.99.

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 business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group's revenue was up 39.4% compared to the same quarter last year. During the same period last year, the business posted $10.91 EPS. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GS shares. Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Citigroup increased their target price 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 report on Thursday, July 16th. BMO Capital Markets raised their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a report on Wednesday, July 15th. Rothschild & Co Redburn boosted their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,062.86.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is reportedly close to securing prominent roles in Anthropic’s potential blockbuster IPO, possibly valued near $2 trillion. Winning lead-advisor or underwriting mandates would generate fees and strengthen Goldman’s position in the rapidly expanding AI capital-markets business. Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
• Positive Sentiment: Reports that New York Knicks players and other professional athletes use Goldman’s wealth-management services highlight continued growth in its high-net-worth client franchise. The business could benefit from recurring advisory, investment-management and lending revenue as athlete wealth rises. Knicks Stars Stash Wealth With Goldman and Ex-Villanova Teammate
• Positive Sentiment: Goldman is among 21 financial institutions planning a regulated, U.S.-dollar-backed stablecoin targeted for launch in 2027. Institutional settlement and cross-border payment use cases could create longer-term transaction and infrastructure opportunities, although commercial benefits remain several years away. Goldman Sachs Targets 2027 Launch For A USD Stablecoin
• Neutral Sentiment: Goldman strategists say investors should expect more modest bond-market returns over the next 12 months. Higher yields can support trading activity and net interest income, but may also pressure asset valuations, financing demand and the investment-banking pipeline. Goldman Sachs sends strong warning to bond investors
• Negative Sentiment: Goldman warns that falling AI prices and intensifying competition could lead to compute-infrastructure oversupply. That raises risks for AI-related investments and could temper enthusiasm across technology markets, potentially affecting deal activity and investor risk appetite. Goldman Sachs Warns AI Stock Investors of New Risk
• Neutral Sentiment: Goldman’s planned Dallas campus is described as a long-term growth investment aimed at expanding talent and regional operations. The initiative supports the firm’s broader diversification but is unlikely to materially change near-term earnings. Goldman Sachs executive discusses Dallas campus

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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