The Goldman Sachs Group, Inc. $GS Shares Newly Acquired by Cim Investment Management Inc.

Key Points

• Institutional ownership increased: Cim Investment Management bought 1,761 Goldman Sachs shares worth approximately $1.8 million, while several other institutions also expanded their positions. Institutional investors now own 71.21% of GS.
• Analyst sentiment remains mixed: Goldman Sachs has a consensus “Hold” rating and an average price target of $1,060.10, despite several analysts raising their targets and Weiss Ratings upgrading the stock to “Buy.”
• Strong earnings and dividend growth support the stock, but succession is an overhang: Goldman recently beat earnings and revenue estimates and raised its quarterly dividend to $5.00 per share, while uncertainty over CEO David Solomon’s potential 2027 succession could create strategic and retention risks.

Cim Investment Management Inc. purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,761 shares of the investment management company's stock, valued at approximately $1,781,000.

Other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. grew its holdings in The Goldman Sachs Group by 13.2% in the second quarter. QRG Capital Management Inc. now owns 73,537 shares of the investment management company's stock worth $74,373,000 after purchasing an additional 8,560 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of The Goldman Sachs Group by 14.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company's stock worth $17,606,000 after purchasing an additional 2,230 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of The Goldman Sachs Group by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 292,463 shares of the investment management company's stock worth $295,784,000 after purchasing an additional 2,221 shares in the last quarter. Andra AP fonden grew its stake in The Goldman Sachs Group by 0.5% during the 2nd quarter. Andra AP fonden now owns 34,757 shares of the investment management company's stock worth $35,152,000 after buying an additional 160 shares during the last quarter. Finally, Premier Financial Group purchased a new stake in The Goldman Sachs Group in the second quarter valued at about $65,000. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on GS shares. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an "overweight" rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Barclays lifted their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. 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. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $1,060.10.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Upcoming earnings expectations remain favorable. Analysts expect third-quarter earnings of approximately $15.39 per share on $17.42 billion in revenue, with results scheduled before the market opens on October 13. Strong investment-banking, trading, and asset-management activity could provide a near-term catalyst. What to Expect From Goldman Sachs Q3 2026 Earnings Report
• Positive Sentiment: HSBC raised its price target on GS to $1,007 from $995, implying meaningful upside from recent levels, although it maintained a “Hold” rating. HSBC Forecasts Strong Price Appreciation for The Goldman Sachs Group
• Positive Sentiment: Goldman is broadening distribution of its roughly $100 billion Treasury fund, FTIXX, to crypto firms through Lynq, a private Avalanche-based network. The move could expand institutional cash-management revenue and strengthen Goldman’s digital-asset infrastructure presence. Goldman Sachs Just Put a $100B Treasury Fund on Avalanche Rails
• Neutral Sentiment: Goldman’s sale of BSE shares in India was reportedly part of a pre-index-inclusion bulk transaction. It demonstrates portfolio activity but is not expected to materially affect GS earnings.
• Negative Sentiment: Succession uncertainty is the main overhang. The board has discussed President and COO John Waldron replacing Solomon as CEO as soon as 2027, potentially with Solomon becoming executive chairman. Reports say Solomon may not be ready to leave and Waldron may not wait indefinitely, raising concerns about internal disruption, retention, and strategic continuity. Goldman Sachs CEO Succession Planning Faces One Big Problem

The Goldman Sachs Group Stock Performance

NYSE GS traded up $0.13 on Tuesday, hitting $916.41. 1,843,942 shares of the company's stock traded hands, compared to its average volume of 2,208,721. 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 Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The firm's 50-day moving average price is $1,017.31 and its two-hundred day moving average price is $982.56. The firm has a market capitalization of $266.83 billion, a PE ratio of 14.14, a P/E/G ratio of 0.94 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The business's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.91 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 69.64 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 2.2%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's payout ratio is 30.87%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

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