The Goldman Sachs Group (NYSE:GS) Given New $1,150.00 Price Target at Bank of America

The Goldman Sachs Group (NYSE:GS) had its price objective upped by Bank of America from $1,050.00 to $1,150.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the investment management company’s stock. Bank of America‘s price objective would indicate a potential upside of 10.92% from the company’s current price.

Several other research analysts have also commented on the stock. Citigroup upped their price objective on shares of The Goldman Sachs Group from $930.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. UBS Group lifted their target price on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $972.00 to $1,070.00 and gave the stock a “market perform” rating in a report on Monday, June 29th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $986.91.

The Goldman Sachs Group Trading Down 1.8%

NYSE GS traded down $18.50 on Tuesday, hitting $1,036.79. The company’s stock had a trading volume of 217,012 shares, compared to its average volume of 2,296,865. The Goldman Sachs Group has a 52-week low of $691.30 and a 52-week high of $1,125.00. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The company’s 50-day simple moving average is $1,005.83 and its 200 day simple moving average is $933.17. The firm has a market cap of $305.86 billion, a P/E ratio of 19.02, a PEG ratio of 1.32 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the prior year, the company earned $14.12 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group will post 60.18 EPS for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This trade represents a 30.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock valued at $31,737,875 in the last quarter. 0.55% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $2,515,830,000. Corient Private Wealth LLC raised its holdings in The Goldman Sachs Group by 1,657.7% in the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock worth $2,282,312,000 after acquiring an additional 2,448,767 shares during the last quarter. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $2,024,921,000. Wellington Management Group LLP lifted its position in The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in The Goldman Sachs Group by 8.0% during the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock valued at $5,460,875,000 after purchasing an additional 476,977 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Wall Street banks, including Goldman Sachs, are expected to benefit from a surge in trading revenue and strong advisory fees in Q2, helped by a wave of activity such as the SpaceX IPO and broader M&A recovery. Trading surge, helped by SpaceX IPO, seen lifting Wall St banks’ second-quarter earnings
• Positive Sentiment: Goldman Sachs is expected to post Q2 EPS of $13.95 on $15.9 billion in revenue, and investors are likely positioning ahead of the July 14 earnings release as the bank looks set to show continued strength in trading and fees. How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q2 Earnings
• Positive Sentiment: Goldman Sachs’ own analysts continue to generate attention with bullish calls on major stocks such as Nvidia, reinforcing the firm’s credibility and visibility in the market. Nvidia (NVDA) Stock Underperforms in 2026: Is Goldman Sachs Right About Its Valuation?

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.