The Goldman Sachs Group, Inc. $GS Shares Purchased by Corient Private Wealth LP

Corient Private Wealth LP raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 247.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,605 shares of the investment management company's stock after purchasing an additional 419,063 shares during the quarter. Corient Private Wealth LP owned about 0.20% of The Goldman Sachs Group worth $595,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of 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 period. Schnieders Capital Management LLC. boosted its stake 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 purchasing an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC grew its holdings in 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 valued at $1,522,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 1.8%

GS opened at $1,039.79 on Thursday. The stock has a market capitalization of $302.76 billion, a PE ratio of 16.05, a P/E/G ratio of 1.07 and a beta of 1.30. The firm's fifty day moving average price is $1,051.38 and its 200 day moving average price is $967.32. 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 12-month low of $721.16 and a 12-month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion during 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 firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the business earned $10.91 EPS. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group's dividend payout ratio is 27.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GS shares. UBS Group lifted their price target on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Citigroup upped their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company 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 research note on Wednesday, July 15th. Dbs Bank lifted their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Finally, CICC Research boosted their price target on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs’ planned acquisition of NEOS appears increasingly attractive after the ETF firm reported 223.3% organic growth over the past year, strengthening the case for Goldman’s expansion in high-growth, fee-generating investment products. Goldman Sachs’ NEOS Bet Looks Smart
• Positive Sentiment: GS and Intel backed AI video startup Higgsfield in a $400 million funding round valuing the company at $5.4 billion. The investment provides Goldman with exposure to corporate AI marketing demand, although the financial impact is likely to be limited near term. Goldman Sachs and Intel Back AI Video Startup
• Positive Sentiment: Recent fundamentals remain supportive: Goldman’s latest quarter produced a substantial earnings beat, revenue growth of nearly 40% year over year and a 19.16% return on equity, reinforcing confidence in its market-sensitive and fee-based businesses.
• Neutral Sentiment: Goldman analysts continue to influence investor sentiment across AI and technology markets, including a Street-high $328 price target for Nebius. These calls may support Goldman’s franchise and client activity but do not directly change GS earnings. Goldman Sets Street-High Nebius Price Target
• Negative Sentiment: The SEC reportedly subpoenaed Goldman and other major prime brokers over the collapse of leveraged AI hedge fund Situational Awareness. While Goldman’s strong balance sheet limits immediate solvency concerns, potential tighter margin rules, higher capital requirements or reduced leverage could pressure prime-brokerage revenue and market liquidity. Goldman Sachs and Banks Face Subpoenas Over AI Hedge Fund
• Negative Sentiment: Goldman executives’ warnings that excessive AI reliance could erode bankers’ reasoning skills highlight potential operational and talent risks as the firm expands artificial-intelligence use. Goldman Executive Warns of AI Cognitive Atrophy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source