The Goldman Sachs Group, Inc. $GS Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP cut its Goldman Sachs stake by 67.6% in the second quarter, selling 3,159 shares and retaining 1,517 shares worth approximately $1.53 million. Institutional investors overall own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 versus the $14.47 consensus estimate and revenue up 39.4% year over year to $20.34 billion.
• The company raised its quarterly dividend from $4.50 to $5.00 per share, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $1,062.86.

Quantbot Technologies LP trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 67.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,517 shares of the investment management company's stock after selling 3,159 shares during the period. Quantbot Technologies LP's holdings in The Goldman Sachs Group were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in The Goldman Sachs Group in the second quarter valued at approximately $24,172,123,000. State Street Corp lifted its position in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company's stock worth $17,197,444,000 after buying an additional 394,198 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company's stock valued at $5,952,199,000 after buying an additional 110,134 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of The Goldman Sachs Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company's stock valued at $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE grew its position 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 during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s involvement with potential future IPOs, including beverage brand Liquid Death, could support investment-banking revenue if the company proceeds with a public offering. However, Liquid Death’s CEO did not provide a timeline. Liquid Death CEO Dodges IPO Question Despite Goldman Sachs Ties
• Positive Sentiment: Goldman research highlighting stronger-than-reported Chinese gold demand and renewed expectations for Chinese economic easing could benefit the firm’s commodities, markets and advisory activity if trading and capital flows increase. China Gold Buying Far Exceeds Official PBOC Reports, Goldman Sachs Data Shows
• Neutral Sentiment: Goldman executive Chris Churchman warned that excessive reliance on AI could cause “cognitive atrophy” among junior bankers. The comments emphasize the need to preserve Goldman’s apprenticeship model while using AI, but do not indicate a change to earnings or strategy. Goldman Sachs partner warns of huge danger in letting AI replace bankers’ reasoning skills
• Neutral Sentiment: Articles comparing GS with finance peers and discussing Goldman’s stock performance provide market context but no new fundamental catalyst. Is The Goldman Sachs Group Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Mark Walter’s TWG Global hired a former Goldman executive as its top lawyer while federal authorities investigate how two TWG-linked insurers classified more than $20 billion in loans. Although Goldman is not identified as the investigation’s target, the connection may create reputational and headline risk. Mark Walter’s TWG Global hires Goldman veteran Markowitz as top lawyer amid probe of insurers

The Goldman Sachs Group Stock Down 0.2%

GS stock opened at $1,036.86 on Tuesday. The company has a market cap of $301.90 billion, a price-to-earnings ratio of 16.00, 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 $1,053.15 and a 200 day moving average price of $965.21. 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 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 Analysts Forecast Growth

GS has been the topic of several research analyst reports. Zacks Research upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Wall Street Zen lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Rothschild & Co Redburn raised their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. CICC Research lifted their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. Finally, Bank of America boosted their target price on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday, July 16th. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus 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.

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