The Goldman Sachs Group, Inc. $GS Shares Purchased by Opal Wealth Advisors LLC

Key Points

• Opal Wealth Advisors increased its Goldman Sachs holdings by 306.3% in the second quarter, owning 1,410 shares valued at approximately $1.43 million. Institutional investors and hedge funds collectively own 71.21% of GS shares.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, significantly exceeding analyst expectations. The company also raised its quarterly dividend to $5.00 per share, equivalent to a 1.9% yield.
• Goldman agreed to acquire NEOS Investments for up to $2.25 billion, expanding its options-based and crypto-linked ETF offerings. The deal could boost Goldman’s ETF assets but carries integration, regulatory and market-volatility risks.

Opal Wealth Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 306.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410 shares of the investment management company's stock after buying an additional 1,063 shares during the period. Opal Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $1,426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $2,515,830,000. Corient Private Wealth LLC raised its holdings in The Goldman Sachs Group by 1,657.7% during the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock worth $2,282,312,000 after purchasing an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $2,024,921,000. Bank of America Corp DE boosted its holdings in shares of The Goldman Sachs Group by 8.0% in the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company's stock valued at $5,460,875,000 after buying an additional 476,977 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of The Goldman Sachs Group by 428.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company's stock valued at $488,947,000 after buying an additional 450,984 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: NEOS acquisition strengthens ETF strategy: Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion in cash and equity. NEOS manages approximately $30–$32 billion across 19 options-based income ETFs, including Bitcoin- and Ethereum-linked products. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval. Goldman Sachs to buy ETF manager NEOS in $2.25bn deal
• Positive Sentiment: Potential for recurring fee growth: The deal expands Goldman Sachs Asset Management’s active and derivatives-based ETF capabilities, particularly products designed to generate income through options. It could lift Goldman's active ETF assets to roughly $80 billion and its broader ETF platform to about $130 billion, improving its competitive position in a rapidly growing segment. Will GS's Push Into Options-Based ETFs Enhance Its Competitive Edge?
• Neutral Sentiment: Strong earnings provide a fundamental cushion: Goldman’s latest quarterly report substantially exceeded expectations, with earnings per share of $20.98 versus a $14.47 consensus estimate and revenue of $20.34 billion versus $16.22 billion expected. However, analysts are monitoring whether the earnings momentum can continue after the stock’s post-results pullback. Why Is Goldman Down 10% Since Last Earnings Report?
• Negative Sentiment: Acquisition and market risks remain: Paying as much as $2.25 billion for NEOS creates integration and return-on-investment risks, while crypto-linked and options-based ETFs may be more sensitive to volatility, investor demand and regulatory changes. Elevated interest rates, oil-market uncertainty and broader risk-off trading could also pressure Goldman’s investment-banking and trading businesses.

The Goldman Sachs Group Stock Up 0.5%

GS stock opened at $1,042.17 on Friday. The company has a market cap of $303.45 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The company has a fifty day moving average price of $1,054.37 and a 200 day moving average price of $960.45. 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 $705.55 and a 12 month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 39.4% on a year-over-year basis. During the same period last year, the firm posted $10.91 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend 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 payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

GS has been the subject of a number of research reports. Barclays boosted their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group in a report on Wednesday, July 15th. Weiss Ratings upgraded The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a report on Wednesday, July 15th. Finally, Oppenheimer cut The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and an average price target of $1,062.86.

The Goldman Sachs Group Company 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