The Goldman Sachs Group (NYSE:GS – Get Free Report) had its price objective dropped by equities researchers at Wells Fargo & Company from $1,050.00 to $1,000.00 in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has an “overweight” rating on the investment management company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 9.91% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Bank of America cut their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group reissued a “neutral” rating and issued a $930.00 price objective on shares of The Goldman Sachs Group in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Friday. Finally, Daiwa Securities Group cut 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 report on Tuesday, April 7th. 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 stock presently has a consensus rating of “Hold” and an average target price of $919.48.
Get Our Latest Stock Report on GS
The Goldman Sachs Group Stock Up 2.1%
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results 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 company 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 Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $14.12 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.
Insider Activity
In other news, Director David A. Viniar sold 45,000 shares of the company’s stock in a transaction on 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 $535,758,150. This represents a 7.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 4,863 shares of the company’s 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 directly owned 10,301 shares in the company, valued at $9,515,548.75. This represents a 32.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by company 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 GS. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $2,515,830,000. Corient Private Wealth LLC increased its stake in 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 worth $2,282,312,000 after acquiring an additional 2,448,767 shares during the last quarter. Wellington Management Group LLP increased its stake in The Goldman Sachs Group by 110.8% in 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. Northwestern Mutual Wealth Management Co. increased its stake in The Goldman Sachs Group by 428.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after acquiring an additional 450,984 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in The Goldman Sachs Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.
Trending Headlines about 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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