Wells Fargo & Company Cuts The Goldman Sachs Group (NYSE:GS) Price Target to $1,175.00

The Goldman Sachs Group (NYSE:GS) had its target price decreased by Wells Fargo & Company from $1,325.00 to $1,175.00 in a report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the investment management company’s stock.

A number of other research analysts have also recently weighed in on the stock. UBS Group lifted their target price on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Barclays raised their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,048.57.

The Goldman Sachs Group Trading Up 0.0%

Shares of NYSE:GS opened at $935.66 on Friday. The stock has a 50 day moving average of $1,020.08 and a 200 day moving average of $981.97. The company has a market cap of $272.43 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29. The Goldman Sachs Group has a 12-month low of $740.01 and a 12-month high of $1,153.99. 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 (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.91 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group will post 69.64 EPS for the current year.

The Goldman Sachs Group Increases Dividend

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

Institutional Investors Weigh In On The Goldman Sachs Group

Several large investors have recently made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new position in The Goldman Sachs Group during the 1st quarter valued at approximately $25,000. Strive Financial Group LLC raised its holdings in shares of The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after acquiring an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. raised its holdings in shares of The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after acquiring an additional 17 shares in the last quarter. Steph & Co. bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $27,000. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $29,000. 71.21% of the stock is owned by institutional investors.

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

About The Goldman Sachs Group

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.