Old Mission Investment Co LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,769 shares of the investment management company’s stock, valued at approximately $1,789,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $24,172,123,000. Bank of America Corp DE acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $6,756,772,000. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $2,515,830,000. Orange County Employees Retirement System acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $69,537,544,000. Finally, Bank of New York Mellon Corp acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $2,560,028,000. 71.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Rothschild & Co Redburn boosted their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. 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. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,062.86.
The Goldman Sachs Group Price Performance
The Goldman Sachs Group stock opened at $1,038.01 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $727.15 and a 52 week high of $1,153.99. The company’s 50 day moving average price is $1,043.76 and its two-hundred day moving average price is $971.77. The stock has a market cap of $302.24 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.05 and a beta of 1.29. 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 released 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 Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period in the previous year, the business posted $10.91 EPS. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 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 reportedly close to securing prominent roles in Anthropic’s potential blockbuster IPO, possibly valued near $2 trillion. Winning lead-advisor or underwriting mandates would generate fees and strengthen Goldman’s position in the rapidly expanding AI capital-markets business. Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
- Positive Sentiment: Reports that New York Knicks players and other professional athletes use Goldman’s wealth-management services highlight continued growth in its high-net-worth client franchise. The business could benefit from recurring advisory, investment-management and lending revenue as athlete wealth rises. Knicks Stars Stash Wealth With Goldman and Ex-Villanova Teammate
- Positive Sentiment: Goldman is among 21 financial institutions planning a regulated, U.S.-dollar-backed stablecoin targeted for launch in 2027. Institutional settlement and cross-border payment use cases could create longer-term transaction and infrastructure opportunities, although commercial benefits remain several years away. Goldman Sachs Targets 2027 Launch For A USD Stablecoin
- Neutral Sentiment: Goldman strategists say investors should expect more modest bond-market returns over the next 12 months. Higher yields can support trading activity and net interest income, but may also pressure asset valuations, financing demand and the investment-banking pipeline. Goldman Sachs sends strong warning to bond investors
- Negative Sentiment: Goldman warns that falling AI prices and intensifying competition could lead to compute-infrastructure oversupply. That raises risks for AI-related investments and could temper enthusiasm across technology markets, potentially affecting deal activity and investor risk appetite. Goldman Sachs Warns AI Stock Investors of New Risk
- Neutral Sentiment: Goldman’s planned Dallas campus is described as a long-term growth investment aimed at expanding talent and regional operations. The initiative supports the firm’s broader diversification but is unlikely to materially change near-term earnings. Goldman Sachs executive discusses Dallas campus
The Goldman Sachs Group 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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