The Goldman Sachs Group (NYSE:GS) Stock Price Up 2% After Analyst Upgrade

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) shot up 2% on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $900.62 and last traded at $893.1730. Approximately 1,857,410 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 2,220,301 shares. The stock had previously closed at $875.68.

Several other equities analysts also recently commented on the stock. Citigroup reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. Bank of America raised their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $1,145.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. UBS Group decreased their price target on shares of 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. Finally, Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $1,049.52.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs launched the Small Business AI Institute with a commitment of up to $500 million. Partnerships with Anthropic, Google, Meta, and OpenAI could strengthen Goldman’s relationships with small-business clients and support new technology-driven financial services. What Does Goldman Sachs Gain From Its $500 Million Small Business AI Push?
• Positive Sentiment: Analyst research characterized GS as an attractive buy following third-quarter results, citing solid investment-banking growth, trading momentum, improving earnings estimates, and potential upside of roughly 21.6%. Its lower valuation versus Morgan Stanley was also viewed favorably. Buy GS and C on Solid Q3 Earnings, Attractive Valuation and Upside
• Positive Sentiment: Goldman Sachs ranked among the leading North American mergers-and-acquisitions advisers, with $510.5 billion in advised deal value through the first three quarters of 2026. This supports confidence in its investment-banking franchise. Goldman Sachs and Houlihan Lokey Lead North American M&A Advisers
• Positive Sentiment: Thirty-five ETFs reportedly added to their GS holdings, while Freedom Broker upgraded the stock rating, providing additional technical and sentiment support. 35 ETFs Add to Goldman Sachs Holdings
• Neutral Sentiment: Goldman expects the Federal Reserve to hold rates at its October meeting but potentially raise rates in December. The outlook may support net interest income but also raises risks for economic activity and dealmaking. Why Goldman Sachs Expects Fed to Skip October Rate Hike
• Negative Sentiment: Goldman cut its South Korean KOSPI target by 25%, citing AI-related valuation concerns and rising volatility. Although this primarily affects Asian markets, it highlights broader risks to technology-driven trading activity and investor risk appetite. Goldman Slashes KOSPI Forecast

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GS. Flagship Harbor Advisors LLC raised its position in The Goldman Sachs Group by 3.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,879 shares of the investment management company’s stock valued at $1,691,000 after purchasing an additional 60 shares in the last quarter. Plimoth Trust Co. LLC grew its position in shares of The Goldman Sachs Group by 0.5% during the 3rd quarter. Plimoth Trust Co. LLC now owns 3,865 shares of the investment management company’s stock worth $3,480,000 after buying an additional 21 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of The Goldman Sachs Group by 32.9% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,063 shares of the investment management company’s stock worth $957,000 after buying an additional 263 shares in the last quarter. Westover Capital Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.6% during the 3rd quarter. Westover Capital Advisors LLC now owns 12,282 shares of the investment management company’s stock worth $11,058,000 after buying an additional 195 shares in the last quarter. Finally, Leo Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at $1,439,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

The stock has a market cap of $260.07 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82. The firm has a 50 day moving average price of $959.69 and a 200 day moving average price of $991.52.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The company had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. During the same period in the prior year, the firm earned $12.25 earnings per share. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.

About The Goldman Sachs Group

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.