The Goldman Sachs Group, Inc. $GS Shares Sold by Acorn Wealth Advisors LLC

Key Points

• Acorn Wealth Advisors reduced its Goldman Sachs position by 29.5% in the second quarter, selling 5,110 shares and retaining 12,203 shares valued at approximately $551,000. Institutional investors and hedge funds collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with earnings per share of $20.98 beating estimates of $14.47 and revenue rising 39.4% year over year to $20.34 billion.
• The company increased its quarterly dividend to $5.00 per share, implying a $20.00 annualized payout and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,062.86.

Acorn Wealth Advisors LLC lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 29.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,203 shares of the investment management company's stock after selling 5,110 shares during the quarter. Acorn Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. raised its position in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock worth $26,000 after acquiring an additional 17 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new position in The Goldman Sachs Group in the first quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC increased its stake in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Finally, Steph & Co. purchased a new position in The Goldman Sachs Group in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 2.6%

Shares of NYSE GS opened at $999.47 on Wednesday. The stock has a market capitalization of $291.02 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 52 week low of $721.16 and a 52 week high of $1,153.99. The firm has a 50-day moving average price of $1,045.40 and a 200 day moving average price of $969.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17.

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, 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 firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same period last year, the business posted $10.91 EPS. The Goldman Sachs Group's quarterly revenue was up 39.4% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.0%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group's payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GS. Bank of America lifted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Dbs Bank upped their price objective on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Oppenheimer lowered The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their target price on 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. Finally, Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,062.86.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs’ investment-banking fees rose 52% in the first half of 2026, supported by broad-based gains and a record advisory backlog. The backlog could sustain deal activity and revenue momentum, although investors may be watching whether the improvement continues. Goldman's IB Fees Jump 52% in 1H26: Will the Uptrend Continue?
• Positive Sentiment: GS joined a 21-firm consortium planning a regulated U.S.-dollar stablecoin in the first half of 2027, with potential expansion into euro and other G7 currencies. The initiative could create new payments, custody and trading opportunities for traditional banks, though execution and regulatory approval remain outstanding. Bank Of America, Goldman Sachs, Citi Join Push to Launch Global Stablecoin
• Positive Sentiment: Zacks added Goldman Sachs to its Strong Buy lists, including its income-stock list, reinforcing favorable near-term analyst sentiment. New Strong Buy Stocks for September 1st
• Neutral Sentiment: Goldman Sachs expects gold to reach $4,900 per ounce by year-end and has issued warnings on diesel and oil markets. These forecasts may benefit its research, commodities and trading franchises, but they are not direct earnings catalysts for GS. Gold Is Up Nearly 30% in the Last Year, But Goldman Sachs Sees More Room to Run
• Negative Sentiment: Goldman Sachs and other major banks are asking elite law firms to reduce hourly fees as artificial intelligence lowers the time required for research and routine legal work. Lower expenses could help clients, but pressure on professional-services pricing highlights ongoing cost scrutiny and possible disruption from AI. Wall Street banks ask elite law firms to cut hourly billings
• Negative Sentiment: The latest session-specific coverage indicated GS underperformed the broader market, suggesting investors were taking profits or favoring caution despite the company’s favorable operating and analyst updates. Why Goldman Sachs Dipped More Than the Broader Market

About The Goldman Sachs Group

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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