The Goldman Sachs Group (NYSE:GS – Free Report) had its price objective lowered by Bank of America from $1,100.00 to $1,050.00 in a research note published on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the investment management company’s stock.
Other analysts have also recently issued reports about the company. HSBC reduced their price objective on The Goldman Sachs Group from $802.00 to $729.00 in a research note on Wednesday, April 1st. Daiwa Securities Group reduced their price objective on The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley reduced their price objective on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $919.48.
Check Out Our Latest Stock Analysis on GS
The Goldman Sachs Group Stock Up 2.1%
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $14.12 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.09%.
Insider Activity at The Goldman Sachs Group
In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the transaction, the director owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. This trade represents a 7.50% 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, CFO Denis P. Coleman sold 11,623 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the transaction, the chief financial officer directly owned 29,342 shares in the company, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 117,283 shares of company stock valued at $112,016,033. Corporate insiders own 0.55% of the company’s stock.
Hedge Funds Weigh In On The Goldman Sachs Group
A number of hedge funds and other institutional investors have recently made changes to their positions in GS. Brighton Jones LLC grew its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after buying an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of The Goldman Sachs Group by 22.2% during the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Key The Goldman Sachs Group News
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.
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