The Goldman Sachs Group (NYSE:GS – Get Free Report)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a note issued to investors on Monday,MarketScreener reports.
Other analysts have also issued research reports about the company. Bank of America reduced their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley reduced their target price on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. BMO Capital Markets reduced their target price on The Goldman Sachs Group from $985.00 to $905.00 and set a “market perform” rating for the company in a report on Monday, April 6th. Royal Bank Of Canada lifted their price objective on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, Wells Fargo & Company cut their price objective on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $919.48.
Read Our Latest Analysis on GS
The Goldman Sachs Group Stock Up 2.1%
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $14.12 EPS. Equities analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.
Insider Activity at The Goldman Sachs Group
In related news, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the transaction, the executive vice president directly owned 39,007 shares in the company, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $923.75, for a total value of $4,492,196.25. Following the transaction, the chief accounting officer owned 10,301 shares in the company, valued at $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 117,283 shares of company stock valued at $112,016,033 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.
Hedge Funds Weigh In On The Goldman Sachs Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hartline Investment Corp grew its holdings in The Goldman Sachs Group by 153.3% in the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 860 shares during the period. A4 Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $940,000. Stevens Capital Management LP acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $1,392,000. Meridian Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after buying an additional 659 shares in the last quarter. Finally, AlTi Global Inc. lifted its position in shares of The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after buying an additional 13,879 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Q1 results topped expectations — revenue of $17.23B and EPS of $17.55 beat estimates, driven by record equities trading and higher investment‑banking fees; that beat underpins optimism about GS’s core franchise and helped lift sentiment. Goldman Sachs Reports Record Quarter in Banking and Trading
- Positive Sentiment: Goldman filed for a Bitcoin “premium income” ETF (will get exposure via other bitcoin ETFs and options), a new product push that leverages its recent Innovator ETF acquisition and taps renewed crypto demand — a growth/fee diversification signal. Goldman Sachs Files for Bitcoin ETF as Banks Expand Crypto Offerings
- Neutral Sentiment: Goldman declared a $4.50 quarterly dividend (2.0% yield annualized) — supportive for income investors but not a major directional catalyst. Goldman Sachs declares $4.50 dividend
- Neutral Sentiment: Analyst moves mixed — some firms trimmed price targets (small downticks) while others maintained Buy/Overweight; these tweaks create short-term noise but no consensus sell signal. Wells Fargo adjusts price target on Goldman Sachs to $1,000
- Negative Sentiment: Fixed‑income trading (FICC) weakness, higher operating expenses and rising provisions for credit losses tempered market reaction to the beat — investors punished the stock earlier as they focused on these margin/credit concerns. Goldman’s Record Quarter Couldn’t Save It From Its Own Bond Desk
- Negative Sentiment: Macro/geopolitical risk: CEO cautioned that a prolonged Iran conflict could be a headwind (higher oil/gas prices, market volatility), which increases uncertainty for dealmaking and trading revenues. Goldman Sachs’ CEO Says Iran Conflict Could Be a ‘Headwind’
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.
Further Reading
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