Analysts’ Recent Ratings Updates for The Goldman Sachs Group (GS)

A number of research firms have changed their ratings and price targets for The Goldman Sachs Group (NYSE: GS):

• 7/30/2024 – The Goldman Sachs Group had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $500.00 price target on the stock.
• 7/30/2024 – The Goldman Sachs Group had its price target raised by analysts at Morgan Stanley from $513.00 to $561.00. They now have an “overweight” rating on the stock.
• 7/17/2024 – The Goldman Sachs Group had its price target raised by analysts at BMO Capital Markets from $360.00 to $373.00. They now have a “market perform” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Royal Bank of Canada from $435.00 to $500.00. They now have a “sector perform” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Wells Fargo & Company from $504.00 to $550.00. They now have an “overweight” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Barclays PLC from $493.00 to $565.00. They now have an “overweight” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at JPMorgan Chase & Co. from $461.00 to $464.00. They now have an “overweight” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Morgan Stanley from $475.00 to $513.00. They now have an “overweight” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Evercore ISI from $475.00 to $520.00. They now have an “outperform” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $504.00 to $559.00. They now have an “outperform” rating on the stock.
• 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Citigroup Inc. from $460.00 to $485.00. They now have a “neutral” rating on the stock.
• 7/9/2024 – The Goldman Sachs Group had its price target raised by analysts at UBS Group AG from $490.00 to $535.00. They now have a “buy” rating on the stock.
• 7/3/2024 – The Goldman Sachs Group had its price target raised by analysts at Evercore ISI from $440.00 to $475.00. They now have an “outperform” rating on the stock.
• 7/2/2024 – The Goldman Sachs Group was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 6/27/2024 – The Goldman Sachs Group had its price target lowered by analysts at Morgan Stanley from $486.00 to $475.00. They now have an “overweight” rating on the stock.
• 6/27/2024 – The Goldman Sachs Group had its price target raised by analysts at Keefe, Bruyette & Woods from $485.00 to $520.00. They now have an “outperform” rating on the stock.

The Goldman Sachs Group Trading Up 3.0 %

NYSE:GS traded up $14.84 on Tuesday, reaching $507.56. The company’s stock had a trading volume of 923,036 shares, compared to its average volume of 2,299,176. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $509.48. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a market cap of $163.67 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37. The stock has a 50 day moving average price of $466.64 and a 200 day moving average price of $425.80.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.36%. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Insider Activity

In other news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,013,500 shares of company stock valued at $32,181,365. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $25,000. First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $26,000. Versant Capital Management Inc lifted its holdings in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.