The Goldman Sachs Group (NYSE:GS) Given New $1,010.00 Price Target at UBS Group

The Goldman Sachs Group (NYSE:GS) had its price target dropped by equities researchers at UBS Group from $1,150.00 to $1,010.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the investment management company’s stock. UBS Group’s price target indicates a potential upside of 13.04% from the stock’s current price.

Several other analysts have also recently commented on GS. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,066.60.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $9.04 during mid-day trading on Monday, hitting $893.52. 1,896,422 shares of the company were exchanged, compared to its average volume of 2,203,667. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a 50 day simple moving average of $1,003.32 and a 200-day simple moving average of $985.60. The Goldman Sachs Group has a 1-year low of $740.01 and a 1-year high of $1,153.99. The firm has a market cap of $260.17 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm posted $10.91 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group will post 68.4 EPS for the current fiscal year.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors have recently modified their holdings of the company. Orange County Employees Retirement System acquired a new position in The Goldman Sachs Group during the second quarter worth $69,537,544,000. BlackRock Inc. purchased a new position in shares of The Goldman Sachs Group in the second quarter valued at $24,172,123,000. State Street Corp raised its stake in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock worth $17,197,444,000 after buying an additional 394,198 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $6,756,772,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $2,560,028,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs remains constructive on the artificial-intelligence data-center buildout, arguing that strong demand and robust growth forecasts will likely persist despite local opposition to new facilities. This supports Goldman’s investment-banking, financing and markets opportunities tied to AI infrastructure. AI data center growth won’t be slowed down by angry neighbors: Goldman Sachs
• Positive Sentiment: Jim Cramer said Goldman’s stock has “come down greatly” and could rebound, providing a favorable—though non-fundamental—sentiment signal for investors considering the shares. Jim Cramer on Goldman Sachs
• Neutral Sentiment: Goldman’s engagement with Vertical Data on a planned Canadian deployment highlights ongoing advisory and capital-markets activity, but the announcement does not disclose a material transaction or expected revenue contribution for GS. Vertical Data Goldman Sachs engagement
• Neutral Sentiment: Goldman’s recommendations on semiconductors, luxury goods, Disney, UPS and other companies may generate research and trading activity, but these calls do not directly change Goldman’s earnings outlook. Goldman Sachs stock recommendations
• Negative Sentiment: Goldman previously maintained a Hold view on Micron despite its record results, underscoring a cautious stance on parts of the semiconductor rally. While not a direct GS fundamental issue, this may temper enthusiasm around AI-related valuations. Goldman Sachs Micron rating

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.