State Street Corp Reduces Stock Position in The Goldman Sachs Group, Inc. $GS

State Street Corp trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,830,464 shares of the investment management company’s stock after selling 424,594 shares during the period. State Street Corp owned about 0.06% of The Goldman Sachs Group worth $19,044,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Turim 21 Investimentos Ltda. bought a new position in shares of The Goldman Sachs Group during the first quarter worth about $25,000. Strive Financial Group LLC increased its holdings in The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after buying an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. increased its holdings in The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying an additional 17 shares during the last quarter. Steph & Co. acquired a new stake in The Goldman Sachs Group during the first quarter valued at approximately $27,000. Finally, Lifetime Wealth Management P.C. bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

More 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

Analyst Ratings Changes

Several brokerages have recently commented on GS. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Finally, 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 company a “market perform” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,062.86.

The Goldman Sachs Group Stock Performance

NYSE GS traded down $10.98 during trading hours on Tuesday, hitting $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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The firm has a market cap of $276.15 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The business has a fifty day simple moving average of $1,034.28 and a 200-day simple moving average of $979.23.

The Goldman Sachs Group (NYSE:GS) last announced 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 company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.91 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 68.58 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change 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%.

The Goldman Sachs Group Company 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.