Royal Bank Of Canada reaffirmed their neutral rating on shares of The Goldman Sachs Group (NYSE:GS – Free Report) in a research note issued to investors on Monday morning,MarketScreener reports.
GS has been the topic of several other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Friday, April 10th. Jefferies Financial Group dropped their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research note on Monday, April 6th. UBS Group reiterated a “neutral” rating and set a $930.00 target price on shares of The Goldman Sachs Group in a research report on Monday. Wells Fargo & Company lowered their target price on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Daiwa Securities Group cut their price target on The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $919.48.
View Our Latest Stock Analysis on GS
The Goldman Sachs Group Stock Down 1.1%
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same period in the prior year, the business posted $14.12 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts anticipate 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. Stockholders of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is currently 35.09%.
Insider Buying and Selling at The Goldman Sachs Group
In related news, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the sale, the executive vice president owned 39,007 shares in the company, valued at approximately $37,408,883.21. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathryn H. Ruemmler sold 9,589 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the sale, the insider directly owned 18,533 shares of the company’s stock, valued at $17,189,542.83. The trade was a 34.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is owned by corporate insiders.
Institutional Investors 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. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC grew its holdings in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group in the third quarter valued at approximately $26,000. Finally, Lifetime Wealth Management P.C. acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Key Headlines Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman filed for a new Bitcoin product — the “Goldman Sachs Bitcoin Premium Income ETF” aims to offer bitcoin exposure while generating current income via options strategies, expanding GSAM’s fee‑bearing product set and following peers’ moves into crypto ETFs. Goldman Sachs Seeks SEC Approval for New Bitcoin ETF
- Positive Sentiment: Spot and options‑based bitcoin ETFs saw large inflows the day of Goldman’s filing, suggesting investor appetite that could help asset‑management revenue if Goldman’s product attracts assets. Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF
- Neutral Sentiment: Goldman reported a strong Q1 (beat on EPS and revenue) and declared a $4.50 quarterly dividend — supportive fundamentals but already priced in and offset by trading concerns. Goldman Sachs Shows Strength Despite Q1 Earnings Sell-Off
- Neutral Sentiment: Regulatory and strategic moves: Goldman’s Innovator Capital deal and filings position it in options/ETF niches (helps product capability but long‑term payoff). Goldman Sachs Files for Bitcoin ETF as Banks Expand Crypto Offerings
- Negative Sentiment: Fixed‑income desk underperformance is the immediate driver: several reports say bond traders were “wrongfooted” by Iran war developments, producing a substantial miss in FICC revenue that left overall results disappointing relative to investor expectations. That operational miss is the principal reason shares are trading down. Goldman traders wrongfooted as Iran war upended interest rate expectations
- Negative Sentiment: Wall Street coverage flags the FICC shortfall as large (~$910M below expectations) and sparked calls for internal changes — analysts and investors cite the bond‑trading miss as the key near‑term risk to earnings momentum. Goldman Sachs bond traders stumbled as Wall Street rivals thrived
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.
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