The Goldman Sachs Group (NYSE:GS) Given New $970.00 Price Target at BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its price objective trimmed by BMO Capital Markets from $972.00 to $970.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the investment management company’s stock.

Several other equities research analysts also recently commented on the stock. Rothschild & Co Redburn boosted their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Wall Street Zen downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Citigroup decreased their price objective on The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a report on Friday, September 25th. Finally, UBS Group lowered their price objective on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating for the company in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,055.60.

The Goldman Sachs Group Price Performance

Shares of GS opened at $897.76 on Tuesday. The Goldman Sachs Group has a 12-month low of $740.01 and a 12-month high of $1,153.99. The business’s fifty day moving average is $997.52 and its 200 day moving average is $986.86. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market cap of $261.40 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.92 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the previous year, the business posted $10.91 EPS. The Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group will post 68.31 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s payout ratio is 30.87%.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors have recently added to or reduced their stakes in GS. Bank of New Hampshire increased its stake in The Goldman Sachs Group by 83.9% in the 3rd quarter. Bank of New Hampshire now owns 1,881 shares of the investment management company’s stock valued at $1,694,000 after buying an additional 858 shares during the last quarter. RVW Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 1.0% in the 3rd quarter. RVW Wealth LLC now owns 1,199 shares of the investment management company’s stock worth $1,080,000 after buying an additional 12 shares during the last quarter. Byrne Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 97.3% in the 3rd quarter. Byrne Asset Management LLC now owns 513 shares of the investment management company’s stock worth $460,000 after buying an additional 253 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of The Goldman Sachs Group by 5.1% in the third quarter. Rosenberg Matthew Hamilton now owns 1,165 shares of the investment management company’s stock valued at $1,049,000 after acquiring an additional 57 shares in the last quarter. Finally, Park National Corp OH increased its position in shares of The Goldman Sachs Group by 45.0% during the third quarter. Park National Corp OH now owns 474 shares of the investment management company’s stock valued at $427,000 after acquiring an additional 147 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs’ current valuation still implies potential upside: analyst targets cited by TIKR and BMO remain above the stock’s recent trading level, while Wall Street expects earnings growth. However, the roughly 5% annualized return implied by the consensus target suggests limited near-term upside relative to the risks. Goldman Sachs ROE target and stock outlook
• Positive Sentiment: Goldman Sachs’ prior quarterly performance was strong, with revenue and earnings substantially exceeding consensus estimates. The upcoming earnings release is therefore an important potential catalyst if the firm can demonstrate continued strength in investment banking, trading, and asset management.
• Neutral Sentiment: Management has not yet raised its 14%–16% through-the-cycle return-on-equity target. This preserves the existing target but signals that Goldman is not ready to promise stronger long-term profitability, limiting enthusiasm ahead of earnings. Goldman Sachs ROE outlook
• Neutral Sentiment: Goldman Sachs research remains constructive on broader equities and expects the S&P 500 could reach a record high before year-end, but that view does not directly improve GS’s earnings outlook. Goldman Sachs S&P 500 outlook
• Negative Sentiment: BMO Capital Markets lowered its GS price target to $970 from $972 and maintained a “market perform” rating. UBS also reportedly cut its target to $1,010 from $1,150 with a neutral rating, reinforcing concerns that the stock’s valuation and earnings outlook require greater caution. BMO cuts Goldman Sachs price target
• Negative Sentiment: Goldman Sachs and Man Group were identified as victims of an EY data breach. Although the reports do not indicate a direct financial loss for GS, the disclosure creates reputational, cybersecurity, and potential client-risk concerns. Goldman Sachs and Man Group exposed in EY data breach
• Negative Sentiment: Zacks cautioned that Goldman may lack the conditions needed for an earnings beat, increasing downside risk if upcoming results or guidance disappoint. Goldman Sachs earnings expectations

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.