The Goldman Sachs Group, Inc. (NYSE:GS) Stock Has Average Price Target of $1,052.04

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) have been assigned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $1,052.04.

GS has been the topic of a number of recent analyst reports. Citigroup restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 14th. Loop Capital set a $1,050.00 price target on shares of The Goldman Sachs Group in a report on Thursday, October 8th. Freedom Broker upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and decreased their target price for the stock from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 14th.

Key Headlines Impacting The Goldman Sachs Group

Here are a few of the latest headlines about GS:

• Neutral Sentiment: Goldman expects AI-related investment to remain substantial but says its economic boost may peak in 2027. That could support financing and advisory demand in the near term, while raising questions about how durable the investment cycle will be. Goldman Sachs sees AI impulse peaking in 2027
• Negative Sentiment: Goldman’s latest commentary points to a harder-to-read economic outlook and the possibility of higher rates, while its market outlook anticipates slower earnings growth in 2027. A less certain rate and growth environment could dampen deal activity and investor risk appetite. Goldman Sachs sees a new problem emerging for the Federal Reserve Goldman’s outlook for earnings growth and the bull market
• Negative Sentiment: A Goldman survey found private-credit investors increasingly concerned about defaults, valuations and liquidity. Heightened credit stress could pressure sentiment toward lenders and alternative-asset exposures. Private Credit Investors Are Getting Nervous About Defaults, Goldman Sachs Survey Finds

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka T. Leslie sold 250 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the sale, the insider owned 10,710 shares in the company, valued at $9,534,577.50. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total value of $10,928,640.00. Following the sale, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. This represents a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,500 shares of company stock valued at $11,380,508 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Orange County Employees Retirement System bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $69,537,544,000. BlackRock Inc. purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $24,172,123,000. Bank of America Corp DE bought a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $6,756,772,000. Fisher Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,081,969 shares of the investment management company’s stock valued at $6,376,323,000 after purchasing an additional 117,856 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $2,560,028,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $916.05 on Wednesday. The Goldman Sachs Group has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The stock’s 50-day moving average is $921.83 and its two-hundred day moving average is $956.03. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $264.22 billion, a P/E ratio of 13.14, a PEG ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 20.21% and a net margin of 15.77%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $12.25 EPS. Analysts predict that The Goldman Sachs Group will post 71.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 28.76%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc. is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.