Principle Wealth Partners LLC Acquires New Shares in The Goldman Sachs Group, Inc. $GS

Principle Wealth Partners LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 18,213 shares of the investment management company’s stock, valued at approximately $18,420,000. The Goldman Sachs Group makes up about 0.9% of Principle Wealth Partners LLC’s portfolio, making the stock its 26th largest position.

Several other large investors have also made changes to their positions in GS. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group in the first quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $26,000. Manning & Napier Advisors LLC raised its holdings in shares of 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 valued at $27,000 after purchasing an additional 23 shares in the last quarter. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GS. Bank of America increased 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 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Rothschild & Co Redburn increased their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Weiss Ratings raised shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,062.86.

The Goldman Sachs Group Stock Down 1.9%

GS stock opened at $1,002.64 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $712.97 and a twelve month high of $1,153.99. The company has a market cap of $291.94 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30. The business’s 50-day simple moving average is $1,054.38 and its 200 day simple moving average is $963.86. 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) 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 firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.91 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share 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. Stockholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase 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 is presently 27.78%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of income-focused ETFs including the NEOS Nasdaq-100 High Income ETF, for up to $2.25 billion. The transaction would expand Goldman’s ETF and wealth-management capabilities and could add recurring fee revenue, although the premium price raises execution and integration expectations. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Positive Sentiment: Goldman is also buying LCN Capital Partners for up to $410 million. LCN oversees roughly $3 billion, and the deal broadens Goldman’s private real-estate and net-lease platform while supporting more durable, capital-light asset-management revenue. Goldman Sachs to buy LCN Capital Partners in up to $410 million deal
• Positive Sentiment: Goldman forecasts U.S. ETF inflows could exceed $2 trillion in 2026, driven by active, AI, thematic and leveraged products. That outlook supports the strategic rationale for the NEOS acquisition and Goldman’s broader asset-management push. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds
• Neutral Sentiment: Goldman’s research projecting a $1.8 trillion global space economy by 2035 and its positive views on AI-related opportunities reinforce the firm’s market influence, but these forecasts have limited immediate impact on GS earnings. Elon Musk responds to Goldman Sachs’ bold space economy prediction
• Negative Sentiment: Reports indicate GS underperformed while the broader market advanced, suggesting investors may be taking profits or remaining cautious about valuation, acquisition costs and financial-sector exposure. Rising oil prices and escalating U.S.-Iran tensions could further pressure markets and increase volatility. Goldman Sachs Stock Sinks As Market Gains

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.