Myriad Asset Management Advisors LLC Buys 919 Shares of The Goldman Sachs Group, Inc. $GS

Myriad Asset Management Advisors LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 20.8% in the second quarter, Holdings Channel reports. The firm owned 5,332 shares of the investment management company’s stock after purchasing an additional 919 shares during the period. The Goldman Sachs Group accounts for 1.3% of Myriad Asset Management Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Myriad Asset Management Advisors LLC’s holdings in The Goldman Sachs Group were worth $5,393,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GS. Norges Bank bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth $2,515,830,000. Corient Private Wealth LLC increased its position in shares of The Goldman Sachs Group by 1,657.7% in the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after buying an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $2,024,921,000. Bank of America Corp DE raised its stake in The Goldman Sachs Group by 8.0% during the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock worth $5,460,875,000 after buying an additional 476,977 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after buying an additional 450,984 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $1,034.85 on Thursday. The company has a fifty day moving average price of $1,055.39 and a 200 day moving average price of $959.59. The firm has a market cap of $301.32 billion, a PE ratio of 15.97, a PEG ratio of 1.05 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 1-year low of $705.55 and a 1-year high of $1,153.99.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $10.91 EPS. Research analysts predict 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 company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is 27.78%.

Key Headlines Impacting The Goldman Sachs Group

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

  • Positive Sentiment: Goldman agreed to acquire NEOS Investments for up to $2.25 billion. NEOS manages approximately $30 billion across 19 options-based income ETFs, including funds linked to Bitcoin and Ether. The transaction would strengthen Goldman Sachs Asset Management’s position in actively managed ETFs, a fast-growing segment focused on monthly income and downside management. Goldman Sachs to Acquire NEOS Investments
  • Positive Sentiment: The deal could lift Goldman’s active ETF assets to roughly $80 billion and its broader ETF platform to about $130 billion, following the earlier Innovator Capital acquisition. The scale may improve distribution, product breadth and recurring management-fee revenue. The transaction is expected to close in the first quarter of 2027, pending regulatory approval. Goldman’s Latest ETF Deal
  • Positive Sentiment: Goldman is one of six major financial firms helping NVIDIA mobilize more than $500 billion of third-party capital for AI infrastructure. The initiative could generate financing, advisory and asset-management opportunities while deepening Goldman’s relationships with technology and institutional-investment clients. Goldman Sachs and NVIDIA AI Financing
  • Neutral Sentiment: The ETF acquisition expands Goldman’s exposure to options-based and cryptocurrency-linked products, but the purchase price is substantial and the benefits depend on continued asset growth, investor demand and successful integration.
  • Negative Sentiment: Goldman staff were reportedly named as suspects in a Brazil investigation involving a shareholder dispute at cancer-care company Oncoclínicas. The matter represents a potential legal and reputational risk, although no material financial impact was specified. Goldman Staff Named in Brazil Investigation

Analysts Set New Price Targets

A number of research firms have issued reports on GS. HSBC raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Bank of America lifted their price objective 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. Jefferies Financial Group set a $1,299.00 price objective on The Goldman Sachs Group in a research report on Wednesday, July 15th. Weiss Ratings raised The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Finally, Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,062.86.

Check Out Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.