The Goldman Sachs Group (NYSE:GS) Stock Jumps 2% After Analyst Upgrade

Key Points

• Goldman Sachs shares rose 2% after Wall Street Zen upgraded the stock from “hold” to “buy,” trading near $893. The broader analyst consensus remains “hold,” with an average price target of $1,049.52.
• Goldman reported strong quarterly results, with EPS of $17.01 and revenue of $18.68 billion, surpassing estimates and representing 23% year-over-year revenue growth.
• The company declared a quarterly dividend of $5 per share, equal to $20 annually and a 2.2% yield; institutional investors own approximately 71.2% of the stock.

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report)'s share price traded up 2% during trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $900.62 and last traded at $893.1730. Approximately 1,857,410 shares were traded during mid-day trading, a decline of 16% from the average session volume of 2,220,301 shares. The stock had previously closed at $875.68.

A number of other equities research analysts have also weighed in on GS. Barclays boosted their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Oppenheimer cut shares of The Goldman Sachs Group from a "market perform" rating to an "underperform" rating in a research note on Tuesday, June 30th. Weiss Ratings lowered shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 9th. HSBC lifted their price objective on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a "hold" rating in a research note on Monday, September 28th. Finally, Royal Bank Of Canada cut their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,049.52.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs launched the Small Business AI Institute with a commitment of up to $500 million. Partnerships with Anthropic, Google, Meta, and OpenAI could strengthen Goldman’s relationships with small-business clients and support new technology-driven financial services. What Does Goldman Sachs Gain From Its $500 Million Small Business AI Push?
• Positive Sentiment: Analyst research characterized GS as an attractive buy following third-quarter results, citing solid investment-banking growth, trading momentum, improving earnings estimates, and potential upside of roughly 21.6%. Its lower valuation versus Morgan Stanley was also viewed favorably. Buy GS and C on Solid Q3 Earnings, Attractive Valuation and Upside
• Positive Sentiment: Goldman Sachs ranked among the leading North American mergers-and-acquisitions advisers, with $510.5 billion in advised deal value through the first three quarters of 2026. This supports confidence in its investment-banking franchise. Goldman Sachs and Houlihan Lokey Lead North American M&A Advisers
• Positive Sentiment: Thirty-five ETFs reportedly added to their GS holdings, while Freedom Broker upgraded the stock rating, providing additional technical and sentiment support. 35 ETFs Add to Goldman Sachs Holdings
• Neutral Sentiment: Goldman expects the Federal Reserve to hold rates at its October meeting but potentially raise rates in December. The outlook may support net interest income but also raises risks for economic activity and dealmaking. Why Goldman Sachs Expects Fed to Skip October Rate Hike
• Negative Sentiment: Goldman cut its South Korean KOSPI target by 25%, citing AI-related valuation concerns and rising volatility. Although this primarily affects Asian markets, it highlights broader risks to technology-driven trading activity and investor risk appetite. Goldman Slashes KOSPI Forecast

Hedge Funds Weigh In On The Goldman Sachs Group

A number of institutional investors have recently modified their holdings of GS. Sky Investment Group LLC lifted its holdings in The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock valued at $1,181,000 after purchasing an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its position in shares of The Goldman Sachs Group by 3.9% in the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock worth $272,000 after purchasing an additional 10 shares during the period. First Financial Group Corp boosted its position in shares of The Goldman Sachs Group by 4.7% in the first quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock worth $208,000 after purchasing an additional 11 shares during the period. Meadow Creek Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 1.7% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock worth $569,000 after purchasing an additional 11 shares in the last quarter. Finally, DecisionMap Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 3.2% in the second quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock worth $354,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 2.0%

The stock has a market capitalization of $260.07 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.83 and a beta of 1.29. The company's 50-day moving average price is $959.69 and its 200 day moving average price is $991.52. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating analysts' consensus estimates of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analysts' expectations of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The Goldman Sachs Group's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $12.25 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 28.76%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.

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