Evercore Has Lowered Expectations for The Goldman Sachs Group (NYSE:GS) Stock Price

The Goldman Sachs Group (NYSE:GS) had its target price reduced by equities researchers at Evercore from $1,075.00 to $950.00 in a report released on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the investment management company’s stock. Evercore’s target price would suggest a potential upside of 9.61% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Bank of America lifted their price objective on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Jefferies Financial Group lifted their target price on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Autonomous Res decreased their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Argus boosted their target price on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $929.62.

The Goldman Sachs Group Trading Up 0.4%

GS opened at $866.73 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm has a market cap of $255.68 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. The business’s 50 day moving average is $874.90 and its two-hundred day moving average is $851.45. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $984.70.

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

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the sale, the director owned 555,000 shares of the company’s stock, valued at $535,758,150. The trade was a 7.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the transaction, the insider directly owned 18,533 shares in the company, valued at $17,189,542.83. This trade represents a 34.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hartline Investment Corp raised its stake in shares of The Goldman Sachs Group by 153.3% during the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock worth $1,132,000 after purchasing an additional 860 shares in the last quarter. A4 Wealth Advisors LLC acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $940,000. Stevens Capital Management LP bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $1,392,000. Meridian Wealth Management LLC raised its holdings in The Goldman Sachs Group by 39.4% during the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after buying an additional 659 shares in the last quarter. Finally, AlTi Global Inc. raised its stake in shares of The Goldman Sachs Group by 87.3% in the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after acquiring an additional 13,879 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s private credit fund saw investor repurchase requests of just under 5% in Q1 and met those redemptions below its quarterly cap, signaling liquidity management and investor confidence in its alternative-asset products — supports fee stability for GS Asset Management. Goldman Sachs private credit fund defies redemption surge across industry
• Positive Sentiment: Goldman added dividend names to its Conviction List and placed regional bank Citizens Financial Group on its US Conviction List — actions that highlight the strength and influence of GS research and can help attract client flows/AUM and advisory mandates. Goldman Sachs Adds 2 Dividend Stocks to Conviction List With Huge Upside Potential
• Neutral Sentiment: Goldman upgraded Netflix to Buy and raised its price target — a sign the research desk is active and occasionally producing market-moving calls, but individual coverage moves normally have limited direct impact on GS’s stock. Netflix upped to Buy at Goldman on ’more positive risk-reward from current levels’
• Neutral Sentiment: Goldman’s commodity and macro research (oil supply analysis, gold price outlook, bitcoin views) continues to shape market narratives — valuable for advisory and trading desks but neutral in isolation for GS’s equity valuation. Is the world running out of oil? Here are three ways Goldman Sachs is answering that critical question.
• Negative Sentiment: Goldman-reported data shows hedge funds hold the largest net short on global equities in 13 years and record gross leverage — a market-structure warning that could increase volatility and weigh on GS trading revenues if risk-off conditions persist. Hedge Funds Post Largest Net Short on Global Equities in 13 Years: Goldman Sachs
• Negative Sentiment: Coverage flagged downside risks at Goldman Sachs BDC if NAV growth doesn’t improve — elevated credit/BDC concerns could pressure related valuation multiples and investor sentiment toward GS’s credit/alternative exposures. Goldman Sachs BDC: Downside Risks Remain If NAV Growth Doesn’t Improve

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.