The Goldman Sachs Group (NYSE:GS) Reaches New 1-Year High – Time to Buy?

The Goldman Sachs Group, Inc. (NYSE:GS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $992.50 and last traded at $996.7490, with a volume of 269748 shares changing hands. The stock had previously closed at $982.12.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is reportedly set to lead SpaceX’s record-breaking IPO, a high-profile mandate that could generate substantial underwriting fees and strengthen the firm’s banking pipeline.
• Positive Sentiment: Goldman Sachs was highlighted as a “final trade” pick on CNBC, reinforcing bullish trader sentiment toward the stock.
• Positive Sentiment: Analysts and market commentary continue to favor Goldman Sachs on earnings growth and price strength, suggesting momentum remains constructive for the shares. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Neutral Sentiment: Goldman Sachs also made headlines for market views on oil, gold, AI spending, and crypto positioning, but these stories are more about the firm’s research and commentary than a direct catalyst for GS earnings.
• Neutral Sentiment: Several articles referenced Goldman’s involvement in broader market themes, including hedge-fund positioning and crypto infrastructure, which may reflect its influence as a Wall Street leader but are not immediate stock-specific drivers.
• Negative Sentiment: One report noted Goldman’s view that the stock market rally may be fragile, which could weigh on broader risk sentiment if investors take the warning seriously.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Jefferies Financial Group cut their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. 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, May 8th. BNP Paribas Exane dropped their price objective on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, Dbs Bank increased their price objective on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $943.95.

The Goldman Sachs Group Trading Up 0.7%

The stock has a market cap of $291.74 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.28. The firm’s 50 day moving average is $885.93 and its two-hundred day moving average is $882.40. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the prior year, the business earned $14.12 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 over the last ninety days. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $2,515,830,000. Corient Private Wealth LLC boosted its stake in shares of 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 valued at $2,282,312,000 after buying an additional 2,448,767 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $2,024,921,000. Wellington Management Group LLP boosted its stake in shares of The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after buying an additional 936,015 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of The Goldman Sachs Group by 8.0% during the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock valued at $5,460,875,000 after buying an additional 476,977 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

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.