The Goldman Sachs Group (NYSE:GS – Get Free Report) had its target price boosted by stock analysts at HSBC from $729.00 to $765.00 in a report issued on Monday,MarketScreener reports. HSBC’s price target indicates a potential downside of 16.96% from the stock’s previous close.
Several other brokerages also recently weighed in on GS. Morgan Stanley cut their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Daiwa Securities Group reduced their target price on shares of The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. UBS Group restated a “neutral” rating and issued a $930.00 price target on shares of The Goldman Sachs Group in a report on Monday, April 13th. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $924.43.
View Our Latest Stock Analysis on GS
The Goldman Sachs Group Trading Down 0.3%
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $14.12 EPS. Equities analysts forecast that The Goldman Sachs Group will post 59.53 EPS for the current year.
Insider Activity
In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 13,151 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total value of $12,612,203.53. Following the transaction, the executive vice president owned 39,007 shares in the company, valued at approximately $37,408,883.21. This represents a 25.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This trade represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,001 shares of company stock worth $30,367,306. 0.55% of the stock is owned by corporate insiders.
Institutional Trading of The Goldman Sachs Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. LGT Fund Management Co Ltd. bought a new stake in The Goldman Sachs Group during the first quarter valued at about $1,073,000. Global Assets Advisory LLC bought a new position in shares of The Goldman Sachs Group in the first quarter worth about $607,000. International Assets Investment Management LLC bought a new position in shares of The Goldman Sachs Group in the first quarter worth about $2,024,921,000. Anchor Investment Management LLC lifted its position in shares of The Goldman Sachs Group by 1.2% during the 1st quarter. Anchor Investment Management LLC now owns 4,598 shares of the investment management company’s stock worth $3,890,000 after purchasing an additional 56 shares during the last quarter. Finally, Castleview Partners LLC lifted its position in shares of The Goldman Sachs Group by 3.4% during the 1st quarter. Castleview Partners LLC now owns 574 shares of the investment management company’s stock worth $486,000 after purchasing an additional 19 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman is a partner in a reported $1.5 billion Anthropic joint venture with Blackstone to deliver enterprise AI tools and services to private-equity portfolio companies — a direct business opportunity for Goldman in advisory, distribution and private markets fees. Anthropic Eyes $1.5 Billion Joint Venture with Blackstone, Goldman Sachs
- Positive Sentiment: Goldman Research staff appear bullish on broader market upside (S&P 500 target commentary cited in an AI stocks roundup), which supports risk-on positioning and underwriting activity that can benefit Goldman’s trading and investment banking businesses. 10 Most Promising AI Stocks to Invest In
- Neutral Sentiment: Goldman analysts say Japan has the capacity to repeat yen interventions many times at recent scales — a macro insight that markets follow but is unlikely to move Goldman’s fundamentals directly. Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says
- Neutral Sentiment: Goldman’s commodity research finds Russia’s crude exports have remained fairly stable despite recent U.S. sanctions — important for oil market context but only indirectly tied to Goldman’s core revenue drivers. Russia’s Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
- Negative Sentiment: Goldman’s own research warning that the AI “boom” is seeing returns lag spending introduces skepticism about durable revenue gains from AI adoption — this can pressure AI-related stock valuations and trading volumes. AI boom faces reality check as returns lag behind massive spending
- Negative Sentiment: Goldman research noting hedge funds are cutting tech positions at the fastest pace in a decade is a headwind for tech/AI flow-driven trading and could reduce fee/trading volatility that benefits Goldman. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports
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.
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