The Goldman Sachs Group, Inc. $GS Shares Sold by State Street Corp

Key Points

• State Street reduced its Goldman Sachs stake by 2.2% in the second quarter, selling 424,594 shares while retaining approximately 18.83 million shares valued at $19.04 billion. Institutional investors collectively own 71.21% of the company.
• Analysts have a mixed outlook, with Goldman receiving a consensus “Hold” rating and an average price target of $1,062.86. Recent targets range from $1,150 at UBS to $1,300 at Bank of America.
• Goldman reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, both above expectations, while revenue rose 39.4% year over year. The company also raised its quarterly dividend to $5.00, equivalent to a 2.1% annual yield.

State Street Corp reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,830,464 shares of the investment management company's stock after selling 424,594 shares during the quarter. State Street Corp owned approximately 6.47% of The Goldman Sachs Group worth $19,044,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Orange County Employees Retirement System acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $69,537,544,000. BlackRock Inc. purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $24,172,123,000. Bank of America Corp DE acquired a new position in The Goldman Sachs Group in the second quarter valued at $6,756,772,000. Fisher Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.7% in the fourth 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 acquiring an additional 110,134 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in The Goldman Sachs Group by 0.7% during the fourth 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 acquiring an additional 45,266 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group raised their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. 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 report on Wednesday, July 15th. Finally, Bank of America raised their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,062.86.

The Goldman Sachs Group Stock Down 1.1%

NYSE GS traded down $10.98 on Tuesday, reaching $948.40. The company had a trading volume of 882,755 shares, compared to its average volume of 2,207,198. 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 1 year low of $740.01 and a 1 year high of $1,153.99. The firm has a 50-day moving average of $1,034.28 and a 200-day moving average of $979.23. The firm has a market capitalization of $276.15 billion, a PE ratio of 14.66, a P/E/G ratio of 0.96 and a beta of 1.29.

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 EPS for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to analysts' expectations of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $10.91 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 68.58 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 2.1%. 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 presently 30.87%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs is targeting an approximately $70 billion revenue base in 2026, supported by growth in Global Banking & Markets (GBM), Asset & Wealth Management (AWM) and efficiency initiatives. A stronger and more diversified earnings mix could support long-term profitability. Goldman Eyes Nearly $70B Revenue Base in 2026: What's Driving Growth?
• Positive Sentiment: The appointment of Simon Lyons as co-head of UK investment banking adds senior deal-making talent and may strengthen Goldman’s position in an important investment-banking market. Goldman appoints Simon Lyons UK investment banking co-head
• Neutral Sentiment: Goldman Sachs is reportedly investing $400 million in Cyera, an AI-security company focused on controlling risks from autonomous enterprise agents. The transaction highlights Goldman’s exposure to AI and private-market opportunities, although the direct effect on near-term earnings is unclear. Cyera Announces $400 Million Investment from Goldman Sachs
• Neutral Sentiment: Goldman participated in anchor financing for India’s Varmora Granito IPO and acquired a stake in Lord’s Mark Industries, indicating continued investment-banking and private-investment activity, but neither announcement appears material to consolidated results immediately.
• Negative Sentiment: Morgan Stanley maintained a Hold rating and $1,145 price target while citing a near-term EPS reduction and cost pressures. That assessment limits the immediate upside case despite Goldman’s longer-term growth targets. Goldman Sachs: Near-Term EPS Cut and Cost Pressures
• Negative Sentiment: Bank stocks sold off after the Federal Reserve raised interest rates, as markets reassessed the outlook for valuations, funding costs and economic growth. GS is also testing its 200-day moving average, signaling weakening momentum and adding technical pressure. Fed Rate Hike Fails to Lift Bank Stocks

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.

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