The Goldman Sachs Group, Inc. $GS Shares Acquired by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Goldman Sachs stake by 14.7% in the second quarter, bringing its holdings to 17,422 shares valued at $17.6 million. Institutional investors and hedge funds collectively own 71.21% of GS stock.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 versus the $14.47 consensus and revenue up 39.4% year over year to $20.34 billion. The company also raised its quarterly dividend to $5.00 per share, equivalent to a 2.1% annual yield.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and average price target of $1,055.71; Citigroup recently cut its target to $1,050. Potential growth from a Palmer Square acquisition and other investments is balanced by execution and valuation risks.

Envestnet Portfolio Solutions Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 14.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,422 shares of the investment management company's stock after buying an additional 2,230 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in The Goldman Sachs Group were worth $17,606,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GS. BlackRock Inc. bought a new position in The Goldman Sachs Group in the 2nd quarter worth about $24,172,123,000. Bank of America Corp DE acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $6,756,772,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $2,515,830,000. Orange County Employees Retirement System acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $69,537,544,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $2,560,028,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

GS opened at $936.96 on Thursday. The company 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 company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The business has a 50 day moving average price of $1,026.13 and a two-hundred day moving average price of $980.53.

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, 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 company had revenue of $20.34 billion for the quarter, compared to analysts' expectations of $16.22 billion. During the same period last year, the firm earned $10.91 EPS. The firm's revenue for the quarter was up 39.4% on a year-over-year basis. Research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is 30.87%.

Key The Goldman Sachs Group News

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.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Wall Street Zen cut The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. 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. JPMorgan Chase & Co. increased 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. BMO Capital Markets raised their price target 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. Finally, UBS Group lifted 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average target price of $1,055.71.

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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