The Goldman Sachs Group (NYSE:GS) Stock Price Target Cut by UBS Group

Key Points

• UBS cut Goldman Sachs’ price target from $1,150 to $1,010 while maintaining a “neutral” rating, implying about 13% upside from the stock’s current price. Analysts overall have a consensus “Hold” rating and an average target of $1,066.60.
• Goldman Sachs shares fell 1% to $893.52, trading below their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $260 billion and a 52-week range of $740.01 to $1,153.99.
• The company recently exceeded quarterly expectations, reporting $20.98 in earnings per share and $20.34 billion in revenue, with revenue up 39.4% year over year. Institutional investors and hedge funds own approximately 71.21% of the shares.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its target price cut by research analysts at UBS Group from $1,150.00 to $1,010.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "neutral" rating on the investment management company's stock. UBS Group's price target points to a potential upside of 13.04% from the stock's current price.

A number of other analysts also recently issued reports on GS. Oppenheimer downgraded shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a report on Tuesday, June 30th. Bank of America upped their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Barclays lifted their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Evercore reiterated an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Finally, Citigroup cut 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 research report on Wednesday, September 23rd. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $1,066.60.

The Goldman Sachs Group Stock Down 1.0%

The Goldman Sachs Group stock traded down $9.04 during midday trading on Monday, reaching $893.52. The company's stock had a trading volume of 1,896,422 shares, compared to its average volume of 2,203,667. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $260.17 billion, a P/E ratio of 13.79, a PEG ratio of 0.93 and a beta of 1.29. The stock's 50-day simple moving average is $1,003.32 and its 200-day simple moving average is $985.60. The Goldman Sachs Group has a 52-week low of $740.01 and a 52-week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share 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 firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the company earned $10.91 earnings per share. The business's quarterly revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group will post 68.4 EPS for the current year.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $24,172,123,000. State Street Corp boosted its stake in 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 worth $17,197,444,000 after purchasing an additional 394,198 shares during the period. Bank of America Corp DE acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth $6,756,772,000. Orange County Employees Retirement System purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $69,537,544,000. Finally, Corient Private Wealth LLC grew its position in The Goldman Sachs Group by 1,657.7% during 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 purchasing an additional 2,448,767 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs remains constructive on the artificial-intelligence data-center buildout, arguing that strong demand and robust growth forecasts will likely persist despite local opposition to new facilities. This supports Goldman’s investment-banking, financing and markets opportunities tied to AI infrastructure. AI data center growth won't be slowed down by angry neighbors: Goldman Sachs
• Positive Sentiment: Jim Cramer said Goldman’s stock has “come down greatly” and could rebound, providing a favorable—though non-fundamental—sentiment signal for investors considering the shares. Jim Cramer on Goldman Sachs
• Neutral Sentiment: Goldman’s engagement with Vertical Data on a planned Canadian deployment highlights ongoing advisory and capital-markets activity, but the announcement does not disclose a material transaction or expected revenue contribution for GS. Vertical Data Goldman Sachs engagement
• Neutral Sentiment: Goldman’s recommendations on semiconductors, luxury goods, Disney, UPS and other companies may generate research and trading activity, but these calls do not directly change Goldman’s earnings outlook. Goldman Sachs stock recommendations
• Negative Sentiment: Goldman previously maintained a Hold view on Micron despite its record results, underscoring a cautious stance on parts of the semiconductor rally. While not a direct GS fundamental issue, this may temper enthusiasm around AI-related valuations. Goldman Sachs Micron rating

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.

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