The Goldman Sachs Group, Inc. (NYSE:GS) Stock Has Consensus Target Price of $1,062.86 According to Brokerages

The Goldman Sachs Group, Inc. (NYSE:GS) has received an average recommendation of “Hold” from the twenty-four research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $1,060.10.

A number of brokerages have issued reports on GS. Barclays raised their target price on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a “market perform” rating in a report on Wednesday, July 15th. Wells Fargo & Company cut their price objective on shares of The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Sunday, September 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sky Investment Group LLC boosted its position in The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after purchasing an additional 10 shares during the period. Warren Street Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group by 3.9% in the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 10 shares during the period. Welch & Forbes LLC raised its position in shares of The Goldman Sachs Group by 0.8% in the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock valued at $1,257,000 after purchasing an additional 11 shares during the period. First Financial Group Corp lifted its stake in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock worth $208,000 after buying an additional 11 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 1.7% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock worth $569,000 after buying an additional 11 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $915.93 on Tuesday. The Goldman Sachs Group has a one year low of $740.01 and a one year high of $1,153.99. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $266.69 billion, a PE ratio of 14.14, a P/E/G ratio of 0.94 and a beta of 1.29. The stock has a 50 day moving average price of $1,017.31 and a 200 day moving average price of $982.56.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm’s revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $10.91 earnings per share. Equities research analysts expect that The Goldman Sachs Group will post 69.64 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio is presently 30.87%.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: HSBC raised its GS price target from $995 to $1,007 while maintaining a “hold” rating, implying potential upside from recent trading levels. HSBC Forecasts Strong Price Appreciation for The Goldman Sachs Group Stock
• Positive Sentiment: Goldman Sachs received SEC approval for a voluntary voting-instruction program that will allow individual shareholders to authorize the company’s board to vote on their behalf. The initiative could improve shareholder participation and reduce governance friction following last year’s close executive-compensation vote. Goldman Sachs to Launch Voluntary Voting Instruction Program
• Neutral Sentiment: Goldman highlighted SpaceX in an unusual-growth stock screen, suggesting potential investment-banking or market-opportunity relevance, although the report does not indicate an immediate financial benefit to GS. Goldman Sachs Flags SpaceX Stock in Unusual Growth Screen
• Neutral Sentiment: Goldman Sachs was among the buyers in a large CleanMax Enviro Energy Solutions transaction in India, reflecting ongoing capital-markets and investment activity but with limited direct earnings significance disclosed. Clean Max Enviro Bulk Deal
• Negative Sentiment: Goldman strategists warned that a surge in high-yield bond issuance is pushing credit risk premiums to a five-month high, signaling weaker demand and potentially tougher conditions for trading and underwriting. Goldman Warns High-Yield Bond Supply Surge Pressuring Markets
• Negative Sentiment: Goldman questioned whether the AI spending boom can generate enough revenue to justify current investment, fueling concern about a possible earnings bubble and weighing on technology-related market sentiment. Goldman Sachs Has a Blunt Message for AI Stock Investors
• Negative Sentiment: Market weakness and a cooler outlook after GS’s strong second quarter have contributed to the stock’s pullback; Wells Fargo also lowered its expectations for the shares. Why Goldman Sachs Stock Has Slid Since July

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.