Hennion & Walsh Asset Management Inc. Raises Stake in The Goldman Sachs Group, Inc. $GS

Hennion & Walsh Asset Management Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,831 shares of the investment management company’s stock after acquiring an additional 601 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $5,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after buying an additional 418,820 shares during the last quarter. State Street Corp lifted its holdings in The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock worth $17,197,444,000 after buying an additional 394,198 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock worth $5,952,199,000 after buying an additional 110,134 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after acquiring an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of The Goldman Sachs Group by 8.0% during 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 acquiring an additional 476,977 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $1,040.33 on Monday. The stock has a fifty day moving average price of $1,056.60 and a 200 day moving average price of $957.83. The Goldman Sachs Group, Inc. has a 1-year low of $705.55 and a 1-year high of $1,153.99. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $302.91 billion, a PE ratio of 16.06, a P/E/G ratio of 1.05 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period in the previous year, the company posted $10.91 EPS. The Goldman Sachs Group’s revenue was up 39.4% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend 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: HSBC upgraded GS to “strong-buy,” improving the stock’s analyst-rating backdrop and potentially attracting additional institutional interest. HSBC upgrades Goldman Sachs
• Positive Sentiment: Goldman Sachs ranked as the leading M&A adviser in South and Central America during the first half of 2026, advising on three transactions valued at a combined $10.4 billion. The activity underscores continued strength in its advisory franchise and could support future fee revenue. Goldman Sachs tops South and Central America M&A rankings
• Positive Sentiment: Goldman Sachs is serving as a joint book-running manager on several recent equity offerings, including Latigo Biotherapeutics’ upsized $345.6 million IPO and Braveheart Bio’s $382.5 million IPO. These mandates generate underwriting fees and highlight healthy demand for new-issue markets. Latigo Biotherapeutics IPO Braveheart Bio IPO
• Neutral Sentiment: Goldman Sachs analysts identified European stocks with substantial potential upside, including Ceres Power. The research may reinforce the firm’s investment-research profile, but its direct impact on GS earnings is limited. Goldman Sachs European stock picks
• Neutral Sentiment: Goldman Sachs BDC reported strong second-quarter investment income and declared dividends. The announcement benefits the Goldman Sachs-branded platform but applies primarily to Goldman Sachs BDC (NYSE: GSBD), not directly to GS. Goldman Sachs BDC second-quarter results
• Negative Sentiment: Criticism of Goldman’s covered-call S&P 500 ETF focuses on fees and the quality of its income generation relative to lower-cost competitors. While the issue concerns an asset-management product rather than GS’s core businesses, it could create pressure on product competitiveness and investor sentiment. Goldman Sachs S&P 500 ETF fee criticism

Analyst Upgrades and Downgrades

GS has been the topic of several research analyst reports. BNP Paribas Exane cut their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Bank of America upped their price target 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. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,062.86.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group 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.