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

Key Points

• Wall Street Zen downgraded Goldman Sachs to “Hold” from “Buy,” although broader analyst sentiment remains “Moderate Buy” with a consensus price target of $1,062.86.
• Goldman Sachs reported stronger-than-expected quarterly results, with EPS of $20.98 versus the $14.47 estimate and revenue up 39.4% year over year to $20.34 billion.
• The firm agreed to acquire ETF manager NEOS Investments for up to $2.25 billion and is reportedly helping arrange financing for Nvidia’s $500 billion AI infrastructure initiative, potentially expanding fee revenue and product offerings.

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

Other equities research analysts have also recently issued research reports about the stock. Rothschild & Co Redburn increased their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research note on Wednesday, July 15th. HSBC raised shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. CICC Research increased their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 19th. Finally, Evercore reissued an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group Trading Down 0.4%

Shares of GS stock opened at $1,038.81 on Friday. 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 Goldman Sachs Group has a 1 year low of $705.55 and a 1 year high of $1,153.99. The stock has a market capitalization of $302.47 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.06 and a beta of 1.30. The company's fifty day simple moving average is $1,054.35 and its two-hundred day simple moving average is $961.00.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $16.22 billion. During the same period in the prior year, the company posted $10.91 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, analysts anticipate 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

Several large investors have recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. bought a new position in The Goldman Sachs Group in the 1st quarter valued at $25,000. BOK Financial Private Wealth Inc. increased its position in The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock valued at $26,000 after purchasing an additional 17 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC raised its position in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Finally, Steph & Co. purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $27,000. 71.21% of the stock is owned by institutional investors.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs agreed to acquire ETF manager NEOS Investments for up to $2.25 billion in cash and equity. NEOS manages more than $30 billion across 19 options-based ETFs, giving Goldman an immediate presence in the fast-growing active ETF, income-generation and downside-management markets. The transaction is expected to close in the first quarter of 2027. Goldman Sachs to buy ETF manager NEOS in $2.25bn deal
• Positive Sentiment: The deal also adds NEOS’s Bitcoin- and Ethereum-linked income ETFs to Goldman’s product lineup, supporting its broader push into alternatives, digital assets and wealth-management products. Greater assets under management could provide recurring fee revenue over time. Goldman Sachs is paying $2.25 billion to get into Bitcoin income game
• Positive Sentiment: Goldman is reportedly courting banks, insurers, asset managers and private-credit firms to participate in Nvidia’s $500 billion AI infrastructure financing initiative. Its involvement could generate underwriting, placement and advisory fees while strengthening a longstanding relationship with Nvidia. Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure Push
• Neutral Sentiment: The latest news does not disclose Goldman’s expected revenue from either initiative. Investors may therefore focus on whether the substantial NEOS purchase price can translate into sufficient growth and whether the Nvidia financing can be executed without adding excessive risk.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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