Citigroup Cuts The Goldman Sachs Group (NYSE:GS) Price Target to $1,050.00

The Goldman Sachs Group (NYSE:GS) had its price objective decreased by Citigroup from $1,200.00 to $1,050.00 in a report released on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the investment management company’s stock.

GS has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on 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. Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,048.57.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $935.66 on Wednesday. The company has a fifty day moving average price of $1,020.08 and a 200 day moving average price of $980.93. The firm has a market cap of $272.43 billion, a PE ratio of 14.44, a PEG ratio of 0.93 and a beta of 1.29. 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 Goldman Sachs Group has a 1-year low of $740.01 and a 1-year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last released 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 firm had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $10.91 EPS. Research analysts predict that The Goldman Sachs Group will post 69.64 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio is 30.87%.

Institutional Investors Weigh In On The Goldman Sachs Group

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

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs raised $11.7 billion for private-equity strategies, including $9.6 billion for its flagship buyout fund and $1.6 billion for an Asia-focused fund. The fundraising supports the firm’s expansion of asset management and alternatives, which could generate recurring fee revenue and improve business diversification. Goldman Sachs Raises $11.7 Billion for Private Equity
• Positive Sentiment: Goldman Sachs was upgraded to Buy following its recent pullback, with the analyst citing the company’s business quality and earnings durability. Separate analysis highlighted a record investment-banking backlog, strong trading activity and growth in asset and wealth management. Goldman Sachs Upgraded to Buy After Recent Pullback
• Positive Sentiment: Commentary from Jim Cramer continued to emphasize GS’s comparatively attractive valuation, reinforcing the bullish view that the stock may remain undervalued despite its substantial multiyear rally. Jim Cramer Was Left Shocked and Surprised by These Two Bank Stocks
• Neutral Sentiment: Goldman Sachs outlined a scenario in which hyperscaler stocks could rebound in 2027 if capital spending, revenue growth and free cash flow improve. The outlook reflects Goldman’s research franchise but also underscores uncertainty surrounding the profitability of AI infrastructure spending. Hyperscaler Stocks Could Rebound in This 2027 Scenario
• Negative Sentiment: Wells Fargo lowered its GS price target to $1,175 from $1,325 while maintaining an Overweight rating. The reduced target may limit near-term upside expectations, although it still implies substantial appreciation from the referenced share price. Wells Fargo Adjusts Price Target on Goldman Sachs
• Negative Sentiment: Goldman Sachs Asset Management reportedly holds an underweight position in major AI borrowers amid a flood of new debt issuance. The stance signals concern about leverage, financing supply and credit risk tied to the AI investment boom. Goldman Sachs Asset Management Is Underweight AI Borrowers

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc (NYSE:GS) is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.