Wells Fargo & Company Issues Pessimistic Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

Key Points

• Wells Fargo trimmed its price target on Goldman Sachs to $1,000 from $1,050 but kept an "overweight" rating, implying roughly an 11.1% upside from the prior close.
• Goldman beat Q1 expectations, reporting $17.55 EPS vs. $15.92 estimated on $17.23B revenue, and announced a $4.50 quarterly dividend.
• Analysts are mixed (average target ~$919.48 with 8 Buys and 14 Holds) amid worries about FICC weakness, higher expenses, and significant insider selling, while the stock trades near $899.77.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price target cut by investment analysts at Wells Fargo & Company from $1,050.00 to $1,000.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has an "overweight" rating on the investment management company's stock. Wells Fargo & Company's price objective indicates a potential upside of 11.14% from the stock's previous close.

Several other research analysts have also weighed in on the company. Daiwa Securities Group lowered their price objective on The Goldman Sachs Group from $940.00 to $891.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Morgan Stanley lowered their target price on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an "equal weight" rating for the company in a report on Tuesday, March 31st. Autonomous Res cut their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating on the stock in a report on Thursday, January 15th. Finally, Jefferies Financial Group lowered their price objective on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating for the company in a research note on Monday, April 6th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $919.48.

The Goldman Sachs Group Trading Up 1.0%

NYSE:GS opened at $899.77 on Monday. The Goldman Sachs Group has a 52 week low of $492.69 and a 52 week high of $984.70. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The firm's fifty day moving average is $869.32 and its 200-day moving average is $855.18. The firm has a market cap of $265.43 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.19 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts' consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The Goldman Sachs Group's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $14.12 earnings per share. Equities analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 11,623 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the completion of the sale, the chief financial officer owned 29,342 shares of the company's stock, valued at approximately $27,627,546.94. This trade represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the business's stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the sale, the insider owned 18,533 shares of the company's stock, valued at approximately $17,189,542.83. This represents a 34.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hartline Investment Corp increased its position in shares of The Goldman Sachs Group by 153.3% during the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after purchasing an additional 860 shares during the last quarter. A4 Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group during the third quarter worth about $940,000. Stevens Capital Management LP bought a new stake in The Goldman Sachs Group in the third quarter worth about $1,392,000. Meridian Wealth Management LLC raised its position in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock worth $1,857,000 after acquiring an additional 659 shares during the period. Finally, AlTi Global Inc. boosted its stake in The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after acquiring an additional 13,879 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Q1 beat driven by record equities and dealmaking — Goldman posted $17.55 EPS on $17.23B revenue, ahead of expectations, with record equities trading and strong investment banking fees supporting profit growth. Reuters: Goldman Sachs posts higher profit
• Positive Sentiment: Dividend declared — GS announced a quarterly dividend ($4.50/share; ex‑dividend June 1), which supports yield‑oriented investor demand and signals confidence in capital return. Yahoo: Goldman Sachs reports record quarter
• Positive Sentiment: Longer‑term strategy and growth opportunities — Management reiterated a push into private credit (path to $300B target) and increased cloud/data investments, suggesting durable fee‑earning opportunities beyond volatile trading windows. MSN: Goldman Sachs outlines path to $300B private credit
• Neutral Sentiment: Mixed analyst reactions — Several firms adjusted price targets and ratings post‑print (some raised targets, some trimmed them), leaving consensus targets elevated but with dispersion among analysts. InsiderMonkey: Analyst cuts GS price target, increases Q2 EPS estimate
• Negative Sentiment: Fixed‑income weakness and rising expenses pressured sentiment — FICC revenues fell year‑over‑year and operating expenses rose, which, combined with higher provisions for credit losses, made investors question the sustainability of the headline beat. Zacks: Goldman Q1 earnings beat but shares fall
• Negative Sentiment: Macro/geopolitical risk flagged by management — CEO warned the Iran conflict could be a headwind if it persists (inflation/volatility implications), adding to market caution. Investopedia: CEO says Iran conflict could be a headwind
• Negative Sentiment: Profit‑taking and rotation after a strong run — Despite the beat, shares pulled back as investors took profits and focused on the uneven business mix (equities strength vs. FICC weakness). NYPost: Stock falls despite earnings

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.

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