The Goldman Sachs Group (NYSE:GS) Cut to “Hold” at Zacks Research

Zacks Research cut shares of The Goldman Sachs Group (NYSE:GS) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other analysts have also commented on the company. HSBC lifted their price target on The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $815.00 to $826.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Autonomous Res lowered their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Argus increased their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $919.29.

The Goldman Sachs Group Stock Down 0.2%

GS opened at $805.07 on Monday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The company’s 50-day moving average is $902.09 and its 200 day moving average is $844.80. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The firm has a market capitalization of $238.90 billion, a P/E ratio of 15.70, a PEG ratio of 0.99 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.95 EPS. Research analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group’s payout ratio is 35.09%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 2,846 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the sale, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John F.W. Rogers sold 13,151 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the transaction, the executive vice president owned 39,007 shares of the company’s stock, valued at $37,408,883.21. This represents a 25.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 117,283 shares of company stock worth $112,016,033 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GS. Brighton Jones LLC boosted its holdings in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Sivia Capital Partners LLC lifted its holdings in The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 735 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after purchasing an additional 70 shares during the period. Finally, Portside Wealth Group LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth about $234,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman is positioned to win large underwriting mandates — Reuters/Benzinga note Goldman leading the underwriter race for a potential SpaceX/Starlink IPO, which could generate sizable fees and bolster investment‑banking revenue if the deal progresses. SpaceX Now Has 10,000 Starlink Satellites In Space — And Polymarket Is Betting The IPO Is Coming Soon
• Positive Sentiment: Firm research remains a commercial asset — recent Goldman Sachs surveys and research (on small businesses adopting AI) get media pickup across Benzinga, Yahoo and Fortune, reinforcing the firm’s role as a trusted research provider and potentially supporting advisory/data product demand. Small Businesses Race To Adopt AI, But Only 14% Fully Integrate It, Goldman Sachs Survey Shows
• Neutral Sentiment: Macro market calls that influence client flows — Goldman reiterated a bullish S&P 500 base case while also highlighting headwinds; useful for positioning but indirect for near‑term GS earnings. Goldman Sachs doubles down on bold S&P 500 forecast
• Neutral Sentiment: Analyst activity: Goldman adjusted coverage on third parties (e.g., Flutter), reflecting routine research/coverage work rather than direct firm performance changes. Goldman Sachs Lowers PT on Flutter Entertainment (FLUT)
• Negative Sentiment: Zacks downgraded GS from “strong-buy” to “hold”, a direct hit to sell‑side sentiment that can pressure retail/institutional demand. Zacks.com
• Negative Sentiment: Debt issuance and governance shifts raise short‑term risk chatter — reporting shows Goldman active in long‑dated note issuance while also facing board turnover (Lakshmi Mittal’s planned retirement) and deploying capital into cybersecurity compliance—moves that alter the firm’s risk/financing profile and can concern some investors. Should Goldman Sachs’ (GS) Cybersecurity Bet and Debt Issuance Shift Its Long‑Term Risk Narrative?
• Negative Sentiment: Macro warnings from Goldman (lower U.S./India growth forecasts, higher recession risk) increase downside risk for banking revenues — research pointing to an elevated recession probability and oil/refined‑fuel shocks could pressure trading and lending activity. Goldman Sachs Just Issued a New Warning on the U.S. Economy — And It’s Not Just About Oil
• Negative Sentiment: Talent movement: JPMorgan naming former Goldman banker Yi Zhang as China I‑banking co‑head signals competitive pressure for senior coverage in key markets. JPMorgan names Goldman’s Yi Zhang as China investment banking co-head

About The Goldman Sachs Group

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.