The Goldman Sachs Group (NYSE:GS – Get Free Report) had its price objective increased by HSBC from $729.00 to $765.00 in a note issued to investors on Monday,MarketScreener reports. HSBC’s target price would suggest a potential downside of 16.96% from the stock’s previous close.
A number of other equities analysts also recently commented on GS. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research note on Friday, January 16th. Rothschild & Co Redburn lifted their price target on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Finally, Autonomous Res cut their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $924.43.
View Our Latest Stock Report on The Goldman Sachs Group
The Goldman Sachs Group Trading Down 0.3%
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $14.12 EPS. Analysts expect that The Goldman Sachs Group will post 59.53 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP John F.W. Rogers sold 2,704 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the sale, the executive vice president owned 9,428 shares of the company’s stock, valued at $9,060,213.72. This trade represents a 22.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This represents a 30.21% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 32,001 shares of company stock valued at $30,367,306. Insiders own 0.55% of the company’s stock.
Institutional Investors Weigh In On The Goldman Sachs Group
A number of hedge funds have recently modified their holdings of GS. Hartline Investment Corp boosted its stake in The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock worth $1,132,000 after buying an additional 860 shares during the period. A4 Wealth Advisors LLC purchased 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 stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $1,392,000. Meridian Wealth Management LLC raised its position in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares during the period. Finally, AlTi Global Inc. lifted its stake in The Goldman Sachs Group by 87.3% during the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock worth $23,707,000 after purchasing an additional 13,879 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman is a partner in a reported $1.5 billion Anthropic joint venture with Blackstone to deliver enterprise AI tools and services to private-equity portfolio companies — a direct business opportunity for Goldman in advisory, distribution and private markets fees. Anthropic Eyes $1.5 Billion Joint Venture with Blackstone, Goldman Sachs
- Positive Sentiment: Goldman Research staff appear bullish on broader market upside (S&P 500 target commentary cited in an AI stocks roundup), which supports risk-on positioning and underwriting activity that can benefit Goldman’s trading and investment banking businesses. 10 Most Promising AI Stocks to Invest In
- Neutral Sentiment: Goldman analysts say Japan has the capacity to repeat yen interventions many times at recent scales — a macro insight that markets follow but is unlikely to move Goldman’s fundamentals directly. Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says
- Neutral Sentiment: Goldman’s commodity research finds Russia’s crude exports have remained fairly stable despite recent U.S. sanctions — important for oil market context but only indirectly tied to Goldman’s core revenue drivers. Russia’s Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
- Negative Sentiment: Goldman’s own research warning that the AI “boom” is seeing returns lag spending introduces skepticism about durable revenue gains from AI adoption — this can pressure AI-related stock valuations and trading volumes. AI boom faces reality check as returns lag behind massive spending
- Negative Sentiment: Goldman research noting hedge funds are cutting tech positions at the fastest pace in a decade is a headwind for tech/AI flow-driven trading and could reduce fee/trading volatility that benefits Goldman. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports
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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