The Goldman Sachs Group, Inc. $GS Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,777 shares of the investment management company’s stock after selling 4,904 shares during the period. Royal London Asset Management Ltd.’s holdings in The Goldman Sachs Group were worth $252,617,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Turim 21 Investimentos Ltda. purchased a new position in shares of The Goldman Sachs Group during the first quarter worth about $25,000. BOK Financial Private Wealth Inc. boosted its position in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC grew its stake in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. Finally, Steph & Co. acquired a new position in The Goldman Sachs Group during the first quarter worth approximately $27,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting The Goldman Sachs Group

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

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. HSBC upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Citigroup raised their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Bank of America upped their price target 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 report on Thursday, July 16th. Finally, Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. 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 assigned a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $1,062.86.

The Goldman Sachs Group Stock Down 0.6%

Shares of NYSE:GS opened at $1,034.35 on Friday. 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 firm’s 50-day simple moving average is $1,048.89 and its 200-day simple moving average is $968.57. The company 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) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during 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 firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the company posted $10.91 earnings per share. As a group, equities research 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.

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.