Bank of America Issues Positive Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

The Goldman Sachs Group (NYSE:GS) had its price target increased by Bank of America from $1,150.00 to $1,300.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the investment management company’s stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. BMO Capital Markets increased their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research note on Wednesday. Daiwa Securities Group lifted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, BNP Paribas Exane dropped their price objective 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. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $1,061.43.

The Goldman Sachs Group Stock Down 5.0%

GS opened at $1,094.61 on Thursday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.11 and a quick ratio of 0.63. The stock has a market capitalization of $322.92 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. The business has a 50-day moving average of $1,032.61 and a two-hundred day moving average of $944.59. The Goldman Sachs Group has a 12 month low of $691.88 and a 12 month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating analysts’ consensus estimates of $14.54 by $6.44. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.91 EPS. On average, research analysts expect that The Goldman Sachs Group will post 60.44 earnings per share 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 represents a $20.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the sale, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,566 shares of company stock valued at $30,712,978 in the last three months. 0.55% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acropolis Investment Management LLC boosted its stake in The Goldman Sachs Group by 1.8% during the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock valued at $554,000 after acquiring an additional 11 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock worth $505,000 after purchasing an additional 11 shares during the last quarter. Optas LLC raised its stake in shares of The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after purchasing an additional 11 shares in the last quarter. Pines Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 0.4% in the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock valued at $2,255,000 after purchasing an additional 11 shares in the last quarter. Finally, Welch & Forbes LLC lifted its position in shares of The Goldman Sachs Group by 0.8% during the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs posted record Q2 2026 results, with net revenues of $20.34 billion and EPS of $20.98, both well above expectations, driven by stronger trading, investment banking, and asset management performance.
• Positive Sentiment: The company raised its quarterly dividend by 11% to $5.00 per share and authorized a $4 billion share repurchase program, reinforcing confidence in capital strength and shareholder returns. Article Title
• Positive Sentiment: Analysts turned more constructive after the earnings beat, with Bank of America lifting its price target to $1,300 and Keefe, Bruyette & Woods raising its target to $1,130, reflecting higher earnings expectations.
• Positive Sentiment: Goldman’s equity underwriting revenue jumped sharply as a rebound in capital markets activity, including AI and SpaceX-related fundraising, helped drive one of the strongest ECM quarters in years.
• Positive Sentiment: CEO David Solomon’s comments that AI is still in the “early innings” and that the U.S. economy remains resilient support the view that Goldman’s revenue momentum could continue.
• Neutral Sentiment: Some commentary suggests the stock’s recent rally has already captured much of the improved outlook, with at least one analyst warning the shares may be getting “frothy” after the earnings spike.
• Neutral Sentiment: Goldman also remains in the spotlight for non-operating headlines, including coverage of former executive Kathryn Ruemmler’s testimony in the Epstein probe, though this appears more reputational than financially material right now.
• Negative Sentiment: Broader market weakness, especially a tech-led selloff, is also weighing on sentiment and may be pressuring financial stocks even after Goldman’s strong report.

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.