The Goldman Sachs Group (NYSE:GS) Stock Gets Price Target Cut from BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its target price trimmed by BMO Capital Markets from $970.00 to $950.00 in a report released on Monday,Benzinga reports. The firm currently has a market perform rating on the investment management company’s stock.

A number of other research firms have also recently weighed in on GS. Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Wall Street Zen downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Barclays increased their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. TD Cowen began coverage on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. They set a “buy” rating and a $1,050.00 target price on the stock. Finally, Bank of America lifted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $1,050.32.

The Goldman Sachs Group Price Performance

NYSE GS opened at $903.31 on Monday. The company has a market capitalization of $263.02 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The business’s fifty day moving average is $965.99 and its 200 day moving average is $991.27. The Goldman Sachs Group has a fifty-two week low of $743.11 and a fifty-two week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The business 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 19.55% and a net margin of 15.77%. The Goldman Sachs Group’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $12.25 earnings per share. Sell-side analysts predict that The Goldman Sachs Group will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cardinal Point Capital Management ULC lifted its stake in The Goldman Sachs Group by 16.3% in the third quarter. Cardinal Point Capital Management ULC now owns 1,644 shares of the investment management company’s stock worth $1,480,000 after acquiring an additional 230 shares during the last quarter. Wealth Management Partners LLC grew its holdings in The Goldman Sachs Group by 3.6% during the 3rd quarter. Wealth Management Partners LLC now owns 1,252 shares of the investment management company’s stock worth $1,127,000 after acquiring an additional 44 shares in the last quarter. Massachusetts Wealth Management increased its position in shares of The Goldman Sachs Group by 13.0% in the 3rd quarter. Massachusetts Wealth Management now owns 520 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 60 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of The Goldman Sachs Group by 0.4% in the 3rd quarter. Magnus Financial Group LLC now owns 6,084 shares of the investment management company’s stock valued at $5,478,000 after purchasing an additional 24 shares during the last quarter. Finally, AMG Asset Management Group Inc. increased its position in shares of The Goldman Sachs Group by 93.1% in the 3rd quarter. AMG Asset Management Group Inc. now owns 560 shares of the investment management company’s stock valued at $504,000 after purchasing an additional 270 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Strong earnings momentum: Goldman’s latest quarterly results exceeded expectations, with earnings per share of $17.01 versus a $12.86 consensus estimate and revenue of $18.68 billion versus $16.83 billion expected. Revenue increased 23% year over year, reinforcing the investment bank’s favorable operating momentum. Ken Fisher and Jim Cramer Like This Bank Stock
• Positive Sentiment: AI-driven trading boom: Goldman, JPMorgan and Morgan Stanley captured nearly 80% of the leading banks’ equity-trading revenue this year, helped by hedge-fund borrowing and trading tied to AI hardware and semiconductor supply chains. The trend highlights strong demand for Goldman’s trading and financing businesses. Goldman Sachs, JPMorgan and Morgan Stanley are Dominating the AI Stock Boom
• Positive Sentiment: Asset-management expansion: Goldman is reportedly paying up to $2.25 billion to acquire NEOS Investments, an ETF manager with approximately $30 billion in assets. The deal would expand Goldman’s actively managed and options-based ETF platform and diversify fee-based revenue. Goldman Sachs Is Paying Up to $2.25 Billion for a $30 Billion ETF Business
• Neutral Sentiment: Investor attention remains elevated: Goldman ranks among widely followed stocks and is viewed favorably by some investors after its earnings beat, but the coverage largely repeats existing information rather than introducing a new catalyst. The Goldman Sachs Group Is Attracting Investor Attention
• Negative Sentiment: Some pressure from sellers and analysts: ETFs were net sellers of GS shares on October 19, while BMO Capital Markets lowered its expectations for the stock. These developments could temper enthusiasm following the earnings-driven advance. ETFs Are Net Sellers of Goldman Sachs on Oct. 19
• Negative Sentiment: Macro risks remain: Goldman expects the U.S. housing market to remain weak through 2027, reflecting persistent affordability and mortgage-rate pressures that could weigh on economic activity and parts of the bank’s lending and investment-banking pipeline. It’s a Rough Housing Market, and Goldman Sachs Expects It to Get Worse

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.