The Goldman Sachs Group (NYSE:GS) Given New $1,007.00 Price Target at HSBC

The Goldman Sachs Group (NYSE:GS) had its price target boosted by HSBC from $995.00 to $1,007.00 in a research report released on Monday morning, MarketBeat Ratings reports. HSBC currently has a hold rating on the investment management company’s stock.

Several other equities analysts have also weighed in on GS. BMO Capital Markets increased their price objective on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Wall Street Zen lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,060.10.

The Goldman Sachs Group Stock Down 2.1%

GS opened at $915.93 on Monday. The Goldman Sachs Group has a 1-year low of $740.01 and a 1-year high of $1,153.99. The stock’s fifty day simple moving average is $1,017.31 and its 200 day simple moving average is $982.56. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market cap of $266.69 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter last year, the firm posted $10.91 EPS. The company’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group will post 69.64 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 30.87%.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently bought and sold shares of GS. QRG Capital Management Inc. raised its stake in The Goldman Sachs Group by 13.2% in the 2nd quarter. QRG Capital Management Inc. now owns 73,537 shares of the investment management company’s stock worth $74,373,000 after purchasing an additional 8,560 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of The Goldman Sachs Group by 14.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after purchasing an additional 2,230 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 292,463 shares of the investment management company’s stock worth $295,784,000 after purchasing an additional 2,221 shares in the last quarter. Andra AP fonden increased its holdings in shares of The Goldman Sachs Group by 0.5% during the second quarter. Andra AP fonden now owns 34,757 shares of the investment management company’s stock worth $35,152,000 after purchasing an additional 160 shares during the period. Finally, Premier Financial Group bought a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $65,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: HSBC raised its GS price target from $995 to $1,007 while maintaining a “hold” rating, implying potential upside from recent trading levels. HSBC Forecasts Strong Price Appreciation for The Goldman Sachs Group Stock
• Positive Sentiment: Goldman Sachs received SEC approval for a voluntary voting-instruction program that will allow individual shareholders to authorize the company’s board to vote on their behalf. The initiative could improve shareholder participation and reduce governance friction following last year’s close executive-compensation vote. Goldman Sachs to Launch Voluntary Voting Instruction Program
• Neutral Sentiment: Goldman highlighted SpaceX in an unusual-growth stock screen, suggesting potential investment-banking or market-opportunity relevance, although the report does not indicate an immediate financial benefit to GS. Goldman Sachs Flags SpaceX Stock in Unusual Growth Screen
• Neutral Sentiment: Goldman Sachs was among the buyers in a large CleanMax Enviro Energy Solutions transaction in India, reflecting ongoing capital-markets and investment activity but with limited direct earnings significance disclosed. Clean Max Enviro Bulk Deal
• Negative Sentiment: Goldman strategists warned that a surge in high-yield bond issuance is pushing credit risk premiums to a five-month high, signaling weaker demand and potentially tougher conditions for trading and underwriting. Goldman Warns High-Yield Bond Supply Surge Pressuring Markets
• Negative Sentiment: Goldman questioned whether the AI spending boom can generate enough revenue to justify current investment, fueling concern about a possible earnings bubble and weighing on technology-related market sentiment. Goldman Sachs Has a Blunt Message for AI Stock Investors
• Negative Sentiment: Market weakness and a cooler outlook after GS’s strong second quarter have contributed to the stock’s pullback; Wells Fargo also lowered its expectations for the shares. Why Goldman Sachs Stock Has Slid Since July

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.