SBI Securities Co. Ltd. Lowers Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• SBI Securities reduced its Goldman Sachs position by 16% in the second quarter, selling 1,099 shares and retaining 5,769 shares valued at approximately $5.84 million. Institutional investors still own 71.21% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,062.86; recent targets range as high as $1,325. Goldman also reported quarterly EPS of $20.98 and revenue of $20.34 billion, both well above expectations.
• Goldman raised its quarterly dividend from $4.50 to $5.00 per share, equivalent to an annualized dividend of $20 and a 1.9% yield. The firm is also expanding its asset-management business through a planned acquisition of NEOS Investments for up to $2.25 billion.

SBI Securities Co. Ltd. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,769 shares of the investment management company's stock after selling 1,099 shares during the quarter. SBI Securities Co. Ltd.'s holdings in The Goldman Sachs Group were worth $5,835,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company's stock valued at $1,098,000 after purchasing an additional 735 shares during the last quarter. Schnieders Capital Management LLC. increased its position in shares of The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company's stock valued at $581,000 after buying an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company's stock worth $1,522,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. UBS Group increased their price objective on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. HSBC raised shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Finally, CICC Research lifted their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $1,038.81 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $302.47 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.05 and a beta of 1.30. The company's 50 day simple moving average is $1,054.35 and its 200 day simple moving average is $961.00. The Goldman Sachs Group, Inc. has a 1 year low of $705.55 and a 1 year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $16.22 billion. During the same period last year, the company earned $10.91 EPS. The firm's quarterly revenue was up 39.4% on a year-over-year basis. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $5.00 dividend. The ex-dividend date is Tuesday, September 1st. This is an increase 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 payout ratio is 27.78%.

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 ETF manager NEOS Investments for up to $2.25 billion in cash and equity. NEOS manages more than $30 billion across 19 options-based ETFs, giving Goldman an immediate presence in the fast-growing active ETF, income-generation and downside-management markets. The transaction is expected to close in the first quarter of 2027. Goldman Sachs to buy ETF manager NEOS in $2.25bn deal
• Positive Sentiment: The deal also adds NEOS’s Bitcoin- and Ethereum-linked income ETFs to Goldman’s product lineup, supporting its broader push into alternatives, digital assets and wealth-management products. Greater assets under management could provide recurring fee revenue over time. Goldman Sachs is paying $2.25 billion to get into Bitcoin income game
• Positive Sentiment: Goldman is reportedly courting banks, insurers, asset managers and private-credit firms to participate in Nvidia’s $500 billion AI infrastructure financing initiative. Its involvement could generate underwriting, placement and advisory fees while strengthening a longstanding relationship with Nvidia. Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure Push
• Neutral Sentiment: The latest news does not disclose Goldman’s expected revenue from either initiative. Investors may therefore focus on whether the substantial NEOS purchase price can translate into sufficient growth and whether the Nvidia financing can be executed without adding excessive risk.

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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