The Goldman Sachs Group, Inc. $GS Shares Sold by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC cut its Goldman Sachs stake by 76.9% in the second quarter, selling 3,684 shares and retaining 1,107 shares valued at approximately $1.12 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 beating estimates by $6.51 and revenue rising 39.4% year over year to $20.34 billion.
• The company raised its quarterly dividend to $5.00 per share from $4.50, implying a $20 annualized payout and a 2.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,062.86.

Quantitative Investment Management LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 76.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,107 shares of the investment management company's stock after selling 3,684 shares during the period. Quantitative Investment Management LLC's holdings in The Goldman Sachs Group were worth $1,119,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sky Investment Group LLC increased its stake in The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock valued at $1,181,000 after purchasing an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock worth $272,000 after buying an additional 10 shares during the last quarter. Welch & Forbes LLC lifted its position in shares of The Goldman Sachs Group by 0.8% in the 4th quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company's stock worth $1,257,000 after buying an additional 11 shares during the last quarter. First Financial Group Corp boosted its holdings in shares of The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock valued at $208,000 after buying an additional 11 shares during the period. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock valued at $569,000 after buying an additional 11 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Stock Down 2.6%

GS stock opened at $999.47 on Wednesday. The stock has a market cap of $291.02 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The firm's 50-day simple moving average is $1,045.40 and its 200 day simple moving average is $969.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $721.16 and a fifty-two week 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 posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the business posted $10.91 EPS. The Goldman Sachs Group's revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed 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. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group's payout ratio is presently 27.78%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GS shares. BMO Capital Markets increased their price objective on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 15th. UBS Group lifted their target price on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Citigroup upped their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 15th. Finally, Oppenheimer downgraded The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a 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 issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group 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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