Nissay Asset Management Corp Japan Has $53.76 Million Stake in The Goldman Sachs Group, Inc. $GS

Nissay Asset Management Corp Japan trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 24.0% in the second quarter, Holdings Channel.com reports. The firm owned 53,153 shares of the investment management company’s stock after selling 16,772 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in The Goldman Sachs Group were worth $53,757,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GS. Turim 21 Investimentos Ltda. acquired a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $25,000. BOK Financial Private Wealth Inc. boosted its stake in shares of The Goldman Sachs Group by 188.9% during the 2nd 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 period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $26,000. Manning & Napier Advisors LLC grew 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 acquiring an additional 23 shares in the last quarter. Finally, Steph & Co. purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $27,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. UBS Group increased their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. BMO Capital Markets upped their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price target 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. Finally, Barclays lifted their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.

The Goldman Sachs Group Trading Down 0.6%

Shares of NYSE:GS opened at $1,034.35 on Friday. 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 stock has a market capitalization of $301.17 billion, a PE ratio of 15.96, a P/E/G ratio of 1.06 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1 year low of $721.16 and a 1 year high of $1,153.99. The firm has a fifty day moving average price of $1,048.89 and a 200 day moving average price of $968.57.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $16.22 billion. During the same period last year, the company earned $10.91 earnings per share. The business’s revenue was up 39.4% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. 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%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is currently 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 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

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.