The Goldman Sachs Group (NYSE:GS) Stock Price Target Lowered at BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its price target decreased by analysts at BMO Capital Markets from $970.00 to $950.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 8.43% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Keefe, Bruyette & Woods cut their target price on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. Loop Capital set a $1,050.00 price target on The Goldman Sachs Group in a research report on Thursday, October 8th. HSBC upped their price target on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. Finally, Royal Bank Of Canada lowered their price objective on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $1,050.32.

The Goldman Sachs Group Stock Down 0.6%

GS stock traded down $5.09 during trading hours on Monday, hitting $876.17. The company’s stock had a trading volume of 1,130,686 shares, compared to its average volume of 2,216,984. 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 company has a market capitalization of $255.12 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The Goldman Sachs Group has a 12 month low of $743.11 and a 12 month high of $1,153.99. The stock has a 50 day moving average price of $974.71 and a two-hundred day moving average price of $990.62.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for 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 Goldman Sachs Group’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $12.25 EPS. On average, equities research analysts expect that The Goldman Sachs Group will post 69.57 earnings per share for the current year.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently modified their holdings of the company. Sky Investment Group LLC raised its stake in shares of The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock valued at $1,181,000 after acquiring an additional 10 shares during the last quarter. Warren Street Wealth Advisors LLC increased its holdings in The Goldman Sachs Group by 3.9% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 10 shares in the last quarter. First Financial Group Corp increased its holdings in The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 11 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its position in The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock valued at $569,000 after purchasing an additional 11 shares during the last quarter. Finally, DecisionMap Wealth Management LLC boosted its stake in The Goldman Sachs Group by 3.2% in the second quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock worth $354,000 after purchasing an additional 11 shares in the last quarter. 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 Sachs upgraded AI infrastructure provider CoreWeave to Buy from Neutral. Although the bank reduced its price target to $106 from $139, the upgrade signals confidence that project financing will remain available despite elevated borrowing costs and could support Goldman’s research reputation and client activity. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls to $106 From $139
• Positive Sentiment: Dangote Cement appointed Goldman Sachs and UBS for a planned $1 billion London listing. The mandate could generate underwriting and advisory fees while reinforcing Goldman’s position in international equity capital markets. Dangote Cement Adds Goldman Sachs and UBS for Planned $1bn London Listing
• Positive Sentiment: Goldman Sachs CEO David Solomon highlighted tokenization of bonds, money-market funds and real estate as a potential new revenue stream. Progress in digital-asset infrastructure could provide longer-term growth opportunities beyond traditional banking. Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
• Positive Sentiment: JPMorgan reportedly raised its price target for GS, providing an additional favorable signal from the analyst community. The Goldman Sachs Group Stock Gets Price Target Boost from JPMorgan Chase
• Neutral Sentiment: Goldman recommended several unloved consumer-facing stocks over large technology companies, reflecting a broader market-allocation view rather than a direct change to GS’s earnings outlook. Big Tech Is Wobbling: Goldman Sachs Says It’s Time to Buy These 23 Unloved Stocks Instead
• Negative Sentiment: Goldman’s caution that Micron may lag other memory-chip stocks could weigh modestly on perceptions of its technology-sector outlook, although the commentary has no direct material impact on GS’s financial results. Memory Stocks Rally as Tech Selloff Unwinds

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.