Research Analysts’ Recent Ratings Updates for The Goldman Sachs Group (GS)

The Goldman Sachs Group (NYSE: GS) has recently received a number of price target changes and ratings updates:

• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Barclays PLC from $565.00 to $588.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at JPMorgan Chase & Co. from $472.00 to $520.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Morgan Stanley from $560.00 to $570.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Evercore ISI from $520.00 to $575.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Keefe, Bruyette & Woods from $555.00 to $570.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $577.00 to $614.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Bank of America Co. from $563.00 to $575.00. They now have a “buy” rating on the stock.
• 10/9/2024 – The Goldman Sachs Group had its price target raised by analysts at JMP Securities from $525.00 to $550.00. They now have a “market outperform” rating on the stock.
• 10/8/2024 – The Goldman Sachs Group had its price target raised by analysts at UBS Group AG from $550.00 to $560.00. They now have a “buy” rating on the stock.
• 10/2/2024 – The Goldman Sachs Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $548.00 to $577.00. They now have an “outperform” rating on the stock.
• 9/18/2024 – The Goldman Sachs Group was upgraded by analysts at Wolfe Research to a “hold” rating.
• 9/9/2024 – The Goldman Sachs Group had its price target raised by analysts at JPMorgan Chase & Co. from $464.00 to $472.00. They now have an “overweight” rating on the stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded down $1.37 during mid-day trading on Wednesday, reaching $516.93. 697,857 shares of the company’s stock were exchanged, compared to its average volume of 2,206,530. The firm has a market capitalization of $166.69 billion, a PE ratio of 20.18, a P/E/G ratio of 0.77 and a beta of 1.36. The business’s fifty day simple moving average is $499.33 and its 200 day simple moving average is $471.42. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $540.51.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same quarter last year, the firm posted $5.47 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 46.86%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently made changes to their positions in GS. Mainstay Capital Management LLC ADV grew its position in The Goldman Sachs Group by 22.7% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 3,303 shares of the investment management company’s stock valued at $1,635,000 after purchasing an additional 610 shares during the last quarter. Dakota Wealth Management increased its position in shares of The Goldman Sachs Group by 2.0% during the third quarter. Dakota Wealth Management now owns 16,223 shares of the investment management company’s stock valued at $8,032,000 after acquiring an additional 325 shares in the last quarter. DT Investment Partners LLC raised its holdings in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares during the last quarter. Global Trust Asset Management LLC lifted its position in The Goldman Sachs Group by 5.1% in the 3rd quarter. Global Trust Asset Management LLC now owns 3,173 shares of the investment management company’s stock valued at $1,571,000 after acquiring an additional 154 shares in the last quarter. Finally, Bogart Wealth LLC boosted its stake in The Goldman Sachs Group by 0.5% during the 3rd quarter. Bogart Wealth LLC now owns 13,482 shares of the investment management company’s stock valued at $6,675,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.