The Goldman Sachs Group, Inc. $GS Shares Sold by Washington Trust Bank

Washington Trust Bank reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,775 shares of the investment management company's stock after selling 4,954 shares during the period. The Goldman Sachs Group comprises approximately 1.3% of Washington Trust Bank's holdings, making the stock its 17th biggest position. Washington Trust Bank's holdings in The Goldman Sachs Group were worth $18,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of GS. Audent Global Asset Management LLC raised its position in shares of The Goldman Sachs Group by 10.1% in the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock valued at $4,604,000 after purchasing an additional 479 shares during the period. Wealthfront Advisers LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $53,720,000. Oak Grove Capital LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $1,890,000. Nomura Asset Management Co. Ltd. grew its stake in The Goldman Sachs Group by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company's stock valued at $124,809,000 after buying an additional 3,653 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in The Goldman Sachs Group by 35.0% during the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company's stock valued at $10,499,000 after acquiring an additional 3,098 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $1,034.35 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $721.16 and a 52 week high of $1,153.99. The business has a 50-day simple moving average of $1,048.89 and a 200 day simple moving average of $968.57. 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 stock has a market cap of $301.17 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.06 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the prior year, the company earned $10.91 EPS. The company's quarterly revenue was up 39.4% compared to the same quarter last year. On average, research analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $5.00 dividend. 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 dividend payout ratio (DPR) is currently 27.78%.

Analyst Ratings Changes

GS has been the topic of several recent research reports. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Citigroup boosted their price objective on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Oppenheimer cut The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a report on Tuesday, June 30th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research note on Wednesday, July 15th. Finally, Dbs Bank lifted their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs received a Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and the potential for continued momentum in its businesses. All You Need to Know About Goldman Rating Upgrade to Strong Buy
• Positive Sentiment: Brokerage sentiment remains supportive, with analysts assigning GS an average “Moderate Buy” recommendation. Goldman’s strong recent earnings performance and broadening presence in investment banking, asset management, ETFs and alternatives reinforce the long-term thesis. Goldman Sachs Given Average Recommendation of Moderate Buy
• Positive Sentiment: Goldman Sachs Alternatives led a $240 million funding round for Owner, an AI-focused platform serving local businesses. The deal highlights Goldman’s ability to generate alternative-investment activity and related fees, although the direct earnings impact is likely limited. Owner Raises 240 Million Led by Goldman Sachs Alternatives
• Neutral Sentiment: An AFM filing identified Goldman Sachs as a 2.97% shareholder in Qiagen. The disclosure demonstrates investment activity but does not by itself materially change Goldman’s operating outlook. Goldman Sachs Revealed as a Shareholder in Qiagen
• Negative Sentiment: GS is challenging proposed changes to the global systemically important bank (GSIB) capital surcharge. Higher required buffers could constrain returns, capital deployment and shareholder distributions if regulators adopt a tougher framework. Goldman Faces GSIB Capital Fight and SEC AI Fund Subpoenas
• Negative Sentiment: The SEC has subpoenaed Goldman and other major banks regarding margin lending to hedge fund Situational Awareness, which suffered a sharp loss during an AI-stock sell-off. The investigation raises compliance, leverage and potential litigation risks, though no wrongdoing has been established. SEC Probe Puts Wall Street Leverage Risk Back in Focus

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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