Prevail Innovative Wealth Advisors LLC Purchases 2,134 Shares of The Goldman Sachs Group, Inc. $GS

Prevail Innovative Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 159.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,469 shares of the investment management company’s stock after purchasing an additional 2,134 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $2,515,830,000. Corient Private Wealth LLC boosted its position in The Goldman Sachs Group by 1,657.7% in the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after buying an additional 2,448,767 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter valued at approximately $2,024,921,000. Bank of America Corp DE increased its holdings in The Goldman Sachs Group by 8.0% in the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock worth $5,460,875,000 after buying an additional 476,977 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in The Goldman Sachs Group by 428.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after buying an additional 450,984 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.0%

GS stock opened at $1,034.85 on Thursday. The Goldman Sachs Group, Inc. has a 52-week low of $705.55 and a 52-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 has a market cap of $301.32 billion, a P/E ratio of 15.97, a PEG ratio of 1.05 and a beta of 1.30. The company’s 50-day simple moving average is $1,055.39 and its 200-day simple moving average is $959.59.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (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 the consensus estimate of $16.22 billion. During the same quarter in the prior year, the business posted $10.91 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is 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 agreed to acquire NEOS Investments for up to $2.25 billion. NEOS manages approximately $30 billion across 19 options-based income ETFs, including funds linked to Bitcoin and Ether. The transaction would strengthen Goldman Sachs Asset Management’s position in actively managed ETFs, a fast-growing segment focused on monthly income and downside management. Goldman Sachs to Acquire NEOS Investments
• Positive Sentiment: The deal could lift Goldman’s active ETF assets to roughly $80 billion and its broader ETF platform to about $130 billion, following the earlier Innovator Capital acquisition. The scale may improve distribution, product breadth and recurring management-fee revenue. The transaction is expected to close in the first quarter of 2027, pending regulatory approval. Goldman’s Latest ETF Deal
• Positive Sentiment: Goldman is one of six major financial firms helping NVIDIA mobilize more than $500 billion of third-party capital for AI infrastructure. The initiative could generate financing, advisory and asset-management opportunities while deepening Goldman’s relationships with technology and institutional-investment clients. Goldman Sachs and NVIDIA AI Financing
• Neutral Sentiment: The ETF acquisition expands Goldman’s exposure to options-based and cryptocurrency-linked products, but the purchase price is substantial and the benefits depend on continued asset growth, investor demand and successful integration.
• Negative Sentiment: Goldman staff were reportedly named as suspects in a Brazil investigation involving a shareholder dispute at cancer-care company Oncoclínicas. The matter represents a potential legal and reputational risk, although no material financial impact was specified. Goldman Staff Named in Brazil Investigation

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Rothschild & Co Redburn boosted their price objective 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. HSBC raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. BNP Paribas Exane decreased their price target on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, BMO Capital Markets upped their price objective 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. Two research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.

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.