The Goldman Sachs Group, Inc. (NYSE:GS) Stock Has Average Price Target of $1,051.23

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) have received an average rating of “Hold” from the twenty-four analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $1,050.32.

Several research firms recently weighed in on GS. UBS Group cut their price objective on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Weiss Ratings lowered shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Citigroup restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. HSBC upped their target price on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Finally, BMO Capital Markets lowered their price objective on The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a research note on Monday.

The Goldman Sachs Group Stock Down 0.7%

Shares of GS stock opened at $875.00 on Friday. The stock’s 50 day simple moving average is $971.59 and its 200 day simple moving average is $990.83. The Goldman Sachs Group has a twelve month low of $743.11 and a twelve month high of $1,153.99. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The company has a market capitalization of $254.77 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The firm had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $12.25 EPS. As a group, research analysts predict that The Goldman Sachs Group will post 69.57 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is 28.76%.

Institutional Trading of The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently modified their holdings of GS. Turim 21 Investimentos Ltda. bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $25,000. Strive Financial Group LLC boosted its position in The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. grew its stake in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Steph & Co. bought a new position in The Goldman Sachs Group in the 1st quarter valued at $27,000. Finally, Cherry Tree Wealth Management LLC grew its stake in The Goldman Sachs Group by 100.0% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. 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: Goldman Sachs and Evercore are reportedly exploring evergreen continuation funds that would allow private-equity firms to hold assets for 10 to 15 years or longer. These structures could create additional advisory, financing and asset-management opportunities for GS. Goldman, Evercore Explore Funds That Would Let PE Firms Hold Assets for 15 Years
• Positive Sentiment: Goldman continues to forecast a year-end rally for the S&P 500, suggesting a potentially supportive backdrop for its investment-banking, trading and asset-management businesses. Goldman Sachs is still betting on a nice year-end rally for the S&P 500
• Positive Sentiment: Goldman’s upgrade of AI infrastructure provider CoreWeave to Buy highlights continued demand for its research and investment-banking franchises, although the call does not directly change GS earnings. CoreWeave Stock Gets a Goldman Upgrade

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.