The Goldman Sachs Group (NYSE:GS) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Goldman Sachs from “Buy” to “Hold,” while broader analyst sentiment remains a “Moderate Buy,” with an average price target of $1,062.86.
• Goldman Sachs reported a strong quarter, posting EPS of $20.98 versus the $14.47 consensus estimate and revenue of $20.34 billion, up 39.4% year over year.
• Shares opened at $1,029.19 and remain near their 52-week high of $1,153.99; the company is also expanding its technology capabilities through a new Bellevue engineering hub focused on artificial intelligence and cloud technology.

The Goldman Sachs Group (NYSE:GS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other research analysts have also issued reports on GS. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research note on Wednesday, July 15th. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 15th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, Oppenheimer cut shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,062.86.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $1,029.19 on Friday. 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 firm's 50-day moving average price is $1,044.84 and its two-hundred day moving average price is $975.67. The Goldman Sachs Group has a 52-week low of $740.01 and a 52-week high of $1,153.99. The stock has a market capitalization of $299.67 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.04 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business's revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company earned $10.91 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group will post 68.89 earnings per share for the current year.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of The Goldman Sachs Group by 99,745.5% during the second quarter. California State Teachers Retirement System now owns 455,359,229 shares of the investment management company's stock worth $460,536,663,000 after acquiring an additional 454,903,165 shares in the last quarter. BlackRock Inc. acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth $24,172,123,000. State Street Corp raised its holdings in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company's stock valued at $17,197,444,000 after purchasing an additional 394,198 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company's stock valued at $5,952,199,000 after purchasing an additional 110,134 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company's stock valued at $5,896,795,000 after purchasing an additional 45,266 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is deepening its technology investment by opening a Bellevue, Washington, engineering hub expected to house more than 125 employees focused on artificial intelligence and cloud technology. The move could strengthen Goldman’s internal capabilities, improve efficiency and help attract technology talent. Goldman Sachs deepens AI push with new Pacific Northwest engineering hub
• Positive Sentiment: Goldman is serving as an underwriter or distribution agent for several equity offerings, including Corning’s proposed $2 billion at-the-market program and Oklo’s $1 billion offering. These mandates can generate underwriting and distribution fees and highlight the strength of Goldman’s capital-markets franchise, although the share issuance itself benefits the client companies rather than GS directly. Corning Announces $2 Billion At-The-Market Equity Program
• Positive Sentiment: Goldman’s research activity and presence at its Communacopia + Technology conference continue to generate visibility across technology and financial-services markets, supporting its advisory, trading and institutional-client franchises. Goldman also raised its Coinbase price target and reiterated a Buy rating, illustrating ongoing coverage of emerging financial-market opportunities. Goldman Sachs Sees AI Reshaping Institutional Investing
• Neutral Sentiment: Goldman named Farshid Asl and Matt Weir co-heads of its Investment Strategy Group as Sharmin Mossavar-Rahmani prepares to retire. The transition provides continuity but introduces leadership-change risk for a prominent research and advisory function. Goldman Sachs investment strategy chief Mossavar-Rahmani to retire
• Neutral Sentiment: Goldman’s second-quarter 13F showed increased holdings of Micron and Amazon. The filing reflects Goldman’s investment positions and does not directly change GS earnings, though it reinforces the firm’s focus on major artificial-intelligence beneficiaries. Goldman Sachs and Billionaires Like These 2 AI Stocks

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.

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