The Goldman Sachs Group, Inc. $GS Shares Sold by Amundi

Key Points

• Amundi reduced its Goldman Sachs stake by 4.9% in the second quarter, selling 80,648 shares and retaining 1.58 million shares valued at approximately $1.59 billion. Institutional investors collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, surpassing analyst expectations and representing 39.4% year-over-year revenue growth.
• The company raised its quarterly dividend to $5.00 per share, equivalent to a $20.00 annualized payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86.

Amundi decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,575,275 shares of the investment management company's stock after selling 80,648 shares during the period. Amundi owned approximately 0.54% of The Goldman Sachs Group worth $1,593,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of The Goldman Sachs Group by 99,745.5% in the 2nd quarter. California State Teachers Retirement System now owns 455,359,229 shares of the investment management company's stock worth $460,536,663,000 after purchasing an additional 454,903,165 shares in the last quarter. BlackRock Inc. bought a new stake in The Goldman Sachs Group during the second quarter worth approximately $24,172,123,000. Bank of America Corp DE acquired a new position in The Goldman Sachs Group in the second quarter worth approximately $6,756,772,000. Norges Bank acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $2,515,830,000. Finally, Orange County Employees Retirement System bought a new position in shares of The Goldman Sachs Group in the second quarter valued at $69,537,544,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $1,038.01 on Monday. The company's fifty day moving average is $1,043.76 and its two-hundred day moving average is $972.24. The company has a market cap of $302.24 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 12-month low of $727.15 and a 12-month high of $1,153.99. 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 issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping 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 business had revenue of $20.34 billion during the quarter, compared to analysts' expectations of $16.22 billion. During the same quarter last year, the firm posted $10.91 earnings per share. The Goldman Sachs Group's revenue was up 39.4% compared to the same quarter last year. Equities analysts expect that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.9%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 30.87%.

Analyst Ratings Changes

GS has been the subject of a number of recent research reports. UBS Group increased their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Wall Street Zen raised The Goldman Sachs Group from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Oppenheimer cut The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is reportedly close to securing prominent roles in Anthropic’s potential blockbuster IPO, possibly valued near $2 trillion. Winning lead-advisor or underwriting mandates would generate fees and strengthen Goldman’s position in the rapidly expanding AI capital-markets business. Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
• Positive Sentiment: Reports that New York Knicks players and other professional athletes use Goldman’s wealth-management services highlight continued growth in its high-net-worth client franchise. The business could benefit from recurring advisory, investment-management and lending revenue as athlete wealth rises. Knicks Stars Stash Wealth With Goldman and Ex-Villanova Teammate
• Positive Sentiment: Goldman is among 21 financial institutions planning a regulated, U.S.-dollar-backed stablecoin targeted for launch in 2027. Institutional settlement and cross-border payment use cases could create longer-term transaction and infrastructure opportunities, although commercial benefits remain several years away. Goldman Sachs Targets 2027 Launch For A USD Stablecoin
• Neutral Sentiment: Goldman strategists say investors should expect more modest bond-market returns over the next 12 months. Higher yields can support trading activity and net interest income, but may also pressure asset valuations, financing demand and the investment-banking pipeline. Goldman Sachs sends strong warning to bond investors
• Negative Sentiment: Goldman warns that falling AI prices and intensifying competition could lead to compute-infrastructure oversupply. That raises risks for AI-related investments and could temper enthusiasm across technology markets, potentially affecting deal activity and investor risk appetite. Goldman Sachs Warns AI Stock Investors of New Risk
• Neutral Sentiment: Goldman’s planned Dallas campus is described as a long-term growth investment aimed at expanding talent and regional operations. The initiative supports the firm’s broader diversification but is unlikely to materially change near-term earnings. Goldman Sachs executive discusses Dallas campus

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.

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