The Goldman Sachs Group (NYSE:GS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of The Goldman Sachs Group (NYSE:GS) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on GS. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a research note on Wednesday, July 15th. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Barclays increased their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. CICC Research raised their price target on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Bank of America upped their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,062.86.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $1,029.19 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group has a 52 week low of $740.01 and a 52 week high of $1,153.99. The firm has a market cap of $299.67 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The firm’s fifty day moving average is $1,044.84 and its 200-day moving average is $976.26.

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 business had revenue of $20.34 billion during 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 Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $10.91 earnings per share. Sell-side analysts predict that The Goldman Sachs Group will post 68.89 earnings per share 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. Stockholders of record on Tuesday, September 1st will be paid a $5.00 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 30.87%.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of large investors have recently bought and sold shares of GS. Strive Financial Group LLC grew its stake in shares of The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after buying an additional 19 shares during the period. BOK Financial Private Wealth Inc. boosted its holdings in The Goldman Sachs Group by 188.9% in the second 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. Turim 21 Investimentos Ltda. acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Finally, Steph & Co. bought a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $27,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs is deepening its technology investment by opening a Bellevue, Washington, engineering hub expected to house more than 125 employees focused on artificial intelligence and cloud technology. The move could strengthen Goldman’s internal capabilities, improve efficiency and help attract technology talent. Goldman Sachs deepens AI push with new Pacific Northwest engineering hub
• Positive Sentiment: Goldman is serving as an underwriter or distribution agent for several equity offerings, including Corning’s proposed $2 billion at-the-market program and Oklo’s $1 billion offering. These mandates can generate underwriting and distribution fees and highlight the strength of Goldman’s capital-markets franchise, although the share issuance itself benefits the client companies rather than GS directly. Corning Announces $2 Billion At-The-Market Equity Program
• Positive Sentiment: Goldman’s research activity and presence at its Communacopia + Technology conference continue to generate visibility across technology and financial-services markets, supporting its advisory, trading and institutional-client franchises. Goldman also raised its Coinbase price target and reiterated a Buy rating, illustrating ongoing coverage of emerging financial-market opportunities. Goldman Sachs Sees AI Reshaping Institutional Investing
• Neutral Sentiment: Goldman named Farshid Asl and Matt Weir co-heads of its Investment Strategy Group as Sharmin Mossavar-Rahmani prepares to retire. The transition provides continuity but introduces leadership-change risk for a prominent research and advisory function. Goldman Sachs investment strategy chief Mossavar-Rahmani to retire
• Neutral Sentiment: Goldman’s second-quarter 13F showed increased holdings of Micron and Amazon. The filing reflects Goldman’s investment positions and does not directly change GS earnings, though it reinforces the firm’s focus on major artificial-intelligence beneficiaries. Goldman Sachs and Billionaires Like These 2 AI Stocks

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.