The Goldman Sachs Group, Inc. (NYSE:GS) Given Average Rating of “Hold” by Brokerages

The Goldman Sachs Group, Inc. (NYSE:GS) has earned an average rating of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $986.9091.

Several analysts have issued reports on the company. Citigroup lifted their price target on The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Daiwa Securities Group increased their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Bank of America lifted their target price on The Goldman Sachs Group from $1,050.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group cut their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the transaction, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 33,681 shares of company stock worth $31,737,875. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of large investors have recently modified their holdings of GS. Norges Bank bought a new position in The Goldman Sachs Group during the fourth quarter worth $2,515,830,000. Corient Private Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 1,657.7% in the 4th 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 purchasing an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth $2,024,921,000. Wellington Management Group LLP grew its holdings in The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after acquiring an additional 936,015 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of 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 valued at $5,460,875,000 after buying an additional 476,977 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 1.3%

Shares of NYSE:GS opened at $1,028.92 on Thursday. The firm has a market cap of $303.54 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group has a 12 month low of $691.30 and a 12 month high of $1,125.00. The company’s fifty day simple moving average is $1,012.40 and its 200 day simple moving average is $936.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $14.12 EPS. As a group, research analysts forecast that The Goldman Sachs Group will post 60.44 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were issued a $4.50 dividend. The ex-dividend date was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is being cited as a beneficiary of a stronger second quarter for Wall Street banks, with analysts saying a trading surge — helped by the SpaceX IPO and solid M&A activity — could lift results when GS reports earnings next week. Article Title
• Positive Sentiment: Bank of America raised its price target on GS to $1,150 and kept a Buy rating, while UBS also lifted its target, reinforcing bullish sentiment ahead of earnings. Article Title
• Positive Sentiment: Multiple previews ahead of the July 14 earnings report say Goldman Sachs could post earnings growth, with expectations centered on strong trading and investment banking revenue. Article Title
• Positive Sentiment: Goldman Sachs is also highlighting long-term growth opportunities in private markets, saying it sees a $2 trillion opportunity and wants to scale alternative assets under supervision to $750 billion by 2030. Article Title
• Neutral Sentiment: Goldman Sachs continues to issue market calls and research across sectors, including a bullish view on Nvidia, a favorable take on Meta, and revised commodity and currency forecasts, which mostly reflects the firm’s influence as a market strategist rather than a direct catalyst for GS shares. Article Title
• Negative Sentiment: One article noted Goldman’s own strategists have warned that leverage is building in markets and that hedge funds are reducing tech exposure, which could signal a more cautious backdrop for risk assets if volatility rises. Article Title

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.