The Goldman Sachs Group (NYSE:GS) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of The Goldman Sachs Group (NYSE:GS – Free Report) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently weighed in on GS. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 15th. HSBC upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,062.86.

Read Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Down 0.1%

Shares of GS stock opened at $1,038.01 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $302.24 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. The stock’s fifty day moving average price is $1,044.08 and its 200 day moving average price is $973.10. The Goldman Sachs Group has a 1-year low of $727.15 and a 1-year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings data 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 net margin of 15.53% and a return on equity of 19.16%. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.91 earnings per share. On average, research analysts expect that The Goldman Sachs Group will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $5.00 per share. The ex-dividend date is Tuesday, September 1st. 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 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 30.87%.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC raised its position in The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. grew its position in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 17 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Finally, Manning & Napier Advisors LLC boosted its holdings in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. 71.21% of the stock is owned by hedge funds and other 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’ warning that crude oil could reach $120 per barrel highlights its market expertise and could support revenue opportunities in commodities trading and risk management if volatility increases. The firm is also favoring natural gas and diesel positions. Oil Could Surge to $120 if Hormuz Disruptions Escalate, Warns Goldman Sachs
  • Positive Sentiment: GS remains a favored stock in a Zacks screen, supported by strong earnings growth and price momentum. Its latest reported quarter substantially exceeded consensus estimates, with EPS of $20.98 versus expectations of $14.47 and revenue growth of 39.4% year over year. Earnings Growth and Price Strength Make Goldman Sachs a Stock to Watch
  • Positive Sentiment: Goldman Sachs continues to receive visibility from its investment research and advisory activity, including Buy-rated coverage of Hindustan Unilever and a list of stocks it recommends buying on weakness. These items are supportive of the franchise but have limited direct earnings impact. Goldman Sachs Says Buy the Dip in These Five Stocks
  • Neutral Sentiment: An executive overseeing Goldman’s Marquee platform warned that excessive reliance on artificial intelligence could weaken the judgment and reasoning skills of future bankers. The comments raise longer-term workforce and technology-governance questions but do not indicate an immediate financial hit. Goldman Sachs Partner Warns of AI Risks
  • Negative Sentiment: Analysts say capital-markets momentum is fading in the third quarter, creating risk of uneven results for major banks, including GS. Slower deal activity could pressure investment-banking and trading-related revenue expectations. Capital Markets Momentum Fades
  • Negative Sentiment: Attacks on commercial vessels and reduced Strait of Hormuz traffic have pushed oil toward $100 and raised the risk of a supply shock. A sharp energy-price surge could worsen inflation, delay interest-rate cuts, and increase volatility across financial markets. Brent Crude Oil Price Nears $100

The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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