BMO Capital Markets Lowers The Goldman Sachs Group (NYSE:GS) Price Target to $905.00

The Goldman Sachs Group (NYSE:GS) had its price target dropped by equities research analysts at BMO Capital Markets from $985.00 to $905.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 4.42% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Autonomous Res lowered their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Rothschild & Co Redburn dropped their price objective on shares of The Goldman Sachs Group from $846.00 to $843.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. BNP Paribas Exane boosted their price objective on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Evercore reduced their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $929.62.

The Goldman Sachs Group Price Performance

GS stock opened at $866.73 on Monday. The company has a fifty day simple moving average of $874.90 and a two-hundred day simple moving average of $851.45. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $255.68 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $11.95 EPS. Analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the sale, the treasurer directly owned 2,017 shares in the company, valued at approximately $1,870,101.89. This trade represents a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex S. Golten sold 1,092 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $936.89, for a total transaction of $1,023,083.88. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 117,283 shares of company stock valued at $112,016,033. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently added to or reduced their stakes in GS. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group in the third quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC increased its holdings in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the period. Finally, First PREMIER Bank purchased a new position in The Goldman Sachs Group during the 3rd quarter worth $28,000. 71.21% of the stock is currently owned by institutional investors.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman’s private credit fund saw investor repurchase requests of just under 5% in Q1 and met those redemptions below its quarterly cap, signaling liquidity management and investor confidence in its alternative-asset products — supports fee stability for GS Asset Management. Goldman Sachs private credit fund defies redemption surge across industry
• Positive Sentiment: Goldman added dividend names to its Conviction List and placed regional bank Citizens Financial Group on its US Conviction List — actions that highlight the strength and influence of GS research and can help attract client flows/AUM and advisory mandates. Goldman Sachs Adds 2 Dividend Stocks to Conviction List With Huge Upside Potential
• Neutral Sentiment: Goldman upgraded Netflix to Buy and raised its price target — a sign the research desk is active and occasionally producing market-moving calls, but individual coverage moves normally have limited direct impact on GS’s stock. Netflix upped to Buy at Goldman on ’more positive risk-reward from current levels’
• Neutral Sentiment: Goldman’s commodity and macro research (oil supply analysis, gold price outlook, bitcoin views) continues to shape market narratives — valuable for advisory and trading desks but neutral in isolation for GS’s equity valuation. Is the world running out of oil? Here are three ways Goldman Sachs is answering that critical question.
• Negative Sentiment: Goldman-reported data shows hedge funds hold the largest net short on global equities in 13 years and record gross leverage — a market-structure warning that could increase volatility and weigh on GS trading revenues if risk-off conditions persist. Hedge Funds Post Largest Net Short on Global Equities in 13 Years: Goldman Sachs
• Negative Sentiment: Coverage flagged downside risks at Goldman Sachs BDC if NAV growth doesn’t improve — elevated credit/BDC concerns could pressure related valuation multiples and investor sentiment toward GS’s credit/alternative exposures. Goldman Sachs BDC: Downside Risks Remain If NAV Growth Doesn’t Improve

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.