The Goldman Sachs Group (NYSE:GS) Stock Price Target Lowered at Citigroup

The Goldman Sachs Group (NYSE:GS) had its price objective decreased by equities research analysts at Citigroup from $1,050.00 to $1,000.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the investment management company’s stock. Citigroup’s target price indicates a potential upside of 15.16% from the company’s previous close.

Several other research analysts also recently commented on the company. BMO Capital Markets reduced their target price on The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating on the stock in a report on Tuesday, October 6th. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, UBS Group reduced their price objective on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $1,050.55.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded down $23.54 on Wednesday, hitting $868.38. The company’s stock had a trading volume of 1,883,768 shares, compared to its average volume of 2,211,268. The company has a fifty day moving average price of $984.44 and a 200-day moving average price of $989.10. The firm has a market cap of $252.84 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same period in the previous year, the business earned $12.25 EPS. The firm’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts anticipate that The Goldman Sachs Group will post 67.48 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lodestone Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 45.5% during the third quarter. Lodestone Wealth Management LLC now owns 96 shares of the investment management company’s stock worth $86,000 after acquiring an additional 30 shares during the last quarter. N10 Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at $615,000. Nicollet Investment Management Inc. boosted its holdings in The Goldman Sachs Group by 0.9% in the third quarter. Nicollet Investment Management Inc. now owns 4,582 shares of the investment management company’s stock valued at $4,125,000 after acquiring an additional 41 shares during the last quarter. ABLE Financial Group LLC boosted its holdings in The Goldman Sachs Group by 5.8% in the third quarter. ABLE Financial Group LLC now owns 599 shares of the investment management company’s stock valued at $539,000 after acquiring an additional 33 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in The Goldman Sachs Group by 76.4% in the third quarter. First Citizens Bank & Trust Co. now owns 5,976 shares of the investment management company’s stock valued at $5,381,000 after acquiring an additional 2,588 shares during the last quarter. Institutional investors and hedge funds 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: Strong Q3 earnings beat: Goldman reported diluted EPS of $17.01 versus the $12.86 consensus and revenue of $18.68 billion versus $16.83 billion expected. Net income rose 29% year over year, while revenue increased 23%. Goldman Sachs quarterly profit rises on equities strength
• Positive Sentiment: Trading and investment banking drove growth: Equities revenue surged 72% to $6.44 billion, and investment-banking fees increased 21% as underwriting and deal activity improved. Wealth-management assets reached a record $2.1 trillion, supporting confidence in Goldman’s diversified earnings base. Goldman Q3 earnings beat on strong equities and investment banking revenues
• Positive Sentiment: Shareholder returns and bullish commentary: The board declared a $5 quarterly dividend, equivalent to $20 annually, and Goldman returned $4.49 billion to common shareholders during the quarter, including $3 billion in repurchases. CEO David Solomon said the firm remains well positioned, and Jim Cramer called GS his favorite bank stock. Jim Cramer reveals his favourite post-earnings bank stocks
• Neutral Sentiment: Analysts remain divided: Morgan Stanley maintained a Hold rating with a $1,145 target, while RBC cut its target from $1,220 to $1,010 and kept a Sector Perform rating. The target reduction likely contributed to caution after the post-earnings rally.
• Negative Sentiment: Macro and regulatory risks cloud the outlook: Solomon warned that abrupt interest-rate moves could create headwinds. Analysts also cited late-cycle risks, higher AI infrastructure costs and elevated rates. Separately, a Treasury review found that major U.S. banks’ reputation-risk policies could allow political considerations to influence access to banking services, creating potential compliance and reputational pressure for Goldman. Treasury review of bank debanking policies

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.