The Goldman Sachs Group (NYSE:GS) Stock Price Target Cut by Citigroup

The Goldman Sachs Group (NYSE:GS) had its price objective cut by stock analysts at Citigroup from $1,050.00 to $1,000.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the investment management company’s stock. Citigroup’s price objective would indicate a potential upside of 15.16% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Barclays upped their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada reduced their price target on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. HSBC lifted their price objective on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Finally, Jefferies Financial Group set a $1,299.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $1,050.55.

The Goldman Sachs Group Trading Down 2.6%

GS traded down $23.54 during trading hours on Wednesday, reaching $868.38. 1,883,768 shares of the company’s stock traded hands, compared to its average volume of 2,211,268. The firm has a 50-day moving average price of $984.44 and a 200 day moving average price of $989.10. The firm has a market capitalization of $252.84 billion, a PE ratio of 13.46, a PEG ratio of 0.98 and a beta of 1.29. 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 Goldman Sachs Group has a 52-week low of $740.01 and a 52-week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same quarter last year, the firm posted $12.25 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Goldman Sachs Group will post 67.48 EPS for the current fiscal year.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $24,172,123,000. Bank of America Corp DE acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $6,756,772,000. Orange County Employees Retirement System acquired a new position in The Goldman Sachs Group in the 2nd quarter worth about $69,537,544,000. Corient Private Wealth LLC raised its position in The Goldman Sachs Group by 1,657.7% during the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $2,560,028,000. 71.21% of the stock is currently owned by institutional investors.

More The Goldman Sachs Group News

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

• Positive Sentiment: Strong Q3 earnings beat: Goldman reported diluted EPS of $17.01 versus the $12.86 consensus and revenue of $18.68 billion versus $16.83 billion expected. Net income rose 29% year over year, while revenue increased 23%. Goldman Sachs quarterly profit rises on equities strength
• Positive Sentiment: Trading and investment banking drove growth: Equities revenue surged 72% to $6.44 billion, and investment-banking fees increased 21% as underwriting and deal activity improved. Wealth-management assets reached a record $2.1 trillion, supporting confidence in Goldman’s diversified earnings base. Goldman Q3 earnings beat on strong equities and investment banking revenues
• Positive Sentiment: Shareholder returns and bullish commentary: The board declared a $5 quarterly dividend, equivalent to $20 annually, and Goldman returned $4.49 billion to common shareholders during the quarter, including $3 billion in repurchases. CEO David Solomon said the firm remains well positioned, and Jim Cramer called GS his favorite bank stock. Jim Cramer reveals his favourite post-earnings bank stocks
• Neutral Sentiment: Analysts remain divided: Morgan Stanley maintained a Hold rating with a $1,145 target, while RBC cut its target from $1,220 to $1,010 and kept a Sector Perform rating. The target reduction likely contributed to caution after the post-earnings rally.
• Negative Sentiment: Macro and regulatory risks cloud the outlook: Solomon warned that abrupt interest-rate moves could create headwinds. Analysts also cited late-cycle risks, higher AI infrastructure costs and elevated rates. Separately, a Treasury review found that major U.S. banks’ reputation-risk policies could allow political considerations to influence access to banking services, creating potential compliance and reputational pressure for Goldman. Treasury review of bank debanking policies

The Goldman Sachs Group Company Profile

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.