The Goldman Sachs Group, Inc., a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging- and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various asset classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.
IPO Year: 1999
Exchange: NYSE
Website: goldmansachs.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $610.00 | Buy → Neutral | UBS |
| 11/26/2024 | $569.00 → $608.00 | Buy → Hold | HSBC Securities |
| 7/2/2024 | Buy → Neutral | Seaport Research Partners | |
| 4/16/2024 | $465.00 | Hold → Buy | Argus |
| 3/14/2024 | $410.00 → $430.00 | Neutral → Outperform | Daiwa Securities |
| 2/27/2024 | Buy | Edward Jones | |
| 1/30/2024 | $333.00 → $449.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/18/2024 | $357.00 → $360.00 | Market Perform | BMO Capital Markets |
| 1/10/2024 | $421.00 → $357.00 | Outperform → Market Perform | BMO Capital Markets |
| 9/7/2023 | $403.00 | Buy | HSBC Securities |
4 - GOLDMAN SACHS GROUP INC (0000886982) (Issuer)
200 MW / 800 MWh acquisition will help the region meet rising power demand from data centers and other large customers GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a battery storage project in Oklahoma, totaling 200 MW / 400 MWh to be developed in two phases, from Black Mountain Energy Storage (BMES). GridStor's acquisition and plan to construct battery storage in Oklahoma comes during a critical time for the region. The Southwest Power Pool (SPP) has indicated an urgent need for new power resources to go online by 2030 to support electric system reliability and meet rising demand from data centers and other lar
Goldman Sachs Asset Management, the investment adviser for the Goldman Sachs Bloomberg Clean Energy Equity ETF, Goldman Sachs North American Pipelines & Power Equity ETF and Goldman Sachs Future Real Estate and Infrastructure Equity ETF (each, a "Fund" and collectively, the "Funds"), announced today that the Funds' Board of Trustees, at the recommendation of Goldman Sachs Asset Management, has approved a plan of liquidation for each Fund (collectively, the "Plans"). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval. Share
220 MW Texas facility expected to begin operation in summer 2025 GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that construction is underway for its 220 MW, 440 MWh battery facility in Galveston County, Texas. The Hidden Lakes Reliability Project (formerly called Evelyn Energy Storage) is expected to begin operations in the summer of 2025. "Battery energy storage is a safe, reliable solution to meeting fast-growing demands for power in the greater Houston area," said Chris Taylor, CEO of GridStor. "Hidden Lakes will bolster the electric supply in Texas, providing energy that stabilizes the power grid and contributes to meeting the hour
LARKSPUR, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Virtú Investments ("Virtú"), a multifamily real estate investment firm primarily engaged in the acquisition and management of apartments in the western United States, today announced it has acquired Skyglass Tower, a brand-new Class A, 338-unit, 31-story multifamily tower located in downtown Seattle, WA. Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood is comprised of luxury studio and 1-3 bedroom units, three floors of underground parking, as well as retail space at ground level. Additional features include a rooftop green space, gym, a lobby with high-end finishes, and views of the Space
Goldman Sachs Asset Management ("GSAM"), the investment adviser for the Goldman Sachs Defensive Equity ETF (the "Fund"), is updating the plan of liquidation (the "Plan") for the Fund. Under the Plan, which was originally announced June 12th, 2024, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval. Under the updated timeline, shareholders of the Fund may sell their shares on the Fund's listing exchange, NYSE Arca, Inc. ("NYSE Arca"), until market close on July 3, 2024 and may incur transaction fees from their broker-dealer. The Fund's shares will no longer trade on NYSE
Goldman Sachs Asset Management ("GSAM"), the investment adviser for the Goldman Sachs Defensive Equity ETF (the "Fund"), announced today that the Fund's Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the "Plan") for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval. Shareholders of the Fund may sell their shares on the Fund's listing exchange, NYSE Arca, Inc. ("NYSE Arca"), until market close on July 12, 2024 and may incur transaction fees from their broker-dealer. The Fund's shar
Kennedy Lewis Investment Management ("Kennedy Lewis"), a leading opportunistic credit manager, today announced that Petershill at Goldman Sachs Asset Management ("Petershill") has made a passive, minority investment in the firm. The transaction will provide Kennedy Lewis with additional resources to further align its interests with clients and accelerate investment in the business, including by continuing to attract best-in-class professionals to the firm. The investment from Petershill will have no impact on Kennedy Lewis' investment process, management, or day-to-day operations. In conjunction with the investment from Petershill, Azimut Alternative Capital Partners, LLC ("AACP") will di
450 MW / 900 MWh Texas acquisition expected to begin construction as early as Summer 2024 GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired an up to 450 MW / 900 MWh project in Galveston County, Texas from Balanced Rock Power. The Evelyn Battery Energy Storage project, which is slated to begin construction in Summer 2024, has an anticipated on-line date of Spring 2025. The project is scheduled to go online at a critical time for Texas. The Electric Reliability Council of Texas (ERCOT) recently forecasted that summer peak power demand in the state will increase by another 5,000 MW by the end of the decade, with the po
Goldman Sachs Asset Management L.P. ("GSAM"), the investment adviser for the Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF (the "Fund"), announced today that the Fund's Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the "Plan") for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval. Shareholders of the Fund may sell their shares on the Fund's listing exchange, Cboe BZX Exchange, Inc. ("Cboe"), until market close on January 12, 2024, and may incur transac
Burkhartsmeyer joins GridStor with more than 25 years of financial and operational experience in the utility and renewable energy sectors GridStor, a developer and operator of grid-scale battery energy storage systems, announced today that Frank Burkhartsmeyer has been appointed as the company's chief financial officer (CFO), effective August 28. Burkhartsmeyer has more than 25 years of financial and operational experience in the utility and renewable energy development sectors, including most recently as executive vice president of strategy and business development and CFO at NW Natural (NYSE:NWN), a natural gas distributor. "Frank is a proven finance leader who brings to GridStor a 25
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200 MW / 800 MWh acquisition will help the region meet rising power demand from data centers and other large customers GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a battery storage project in Oklahoma, totaling 200 MW / 400 MWh to be developed in two phases, from Black Mountain Energy Storage (BMES). GridStor's acquisition and plan to construct battery storage in Oklahoma comes during a critical time for the region. The Southwest Power Pool (SPP) has indicated an urgent need for new power resources to go online by 2030 to support electric system reliability and meet rising demand from data centers and other lar
CIS leverages unique ability to source funding from both private sponsors and low-cost public capital, implementing governance controls to treat environmental assets as traditional Assets Under Management CIS, the nation's leading resilient infrastructure builder, has announced the deployment of a second tranche of private financing from its credit facility with the Urban Investment Group (UIG) at Goldman Sachs Alternatives. This funding will further enhance CIS's capacity to mitigate stormwater runoff across the Greater Milwaukee region through its Community-Based Partnership (CBP) with the Milwaukee Metropolitan Sewerage District (MMSD) called Fresh Coast Protection Partnership (FCPP).
Growth Equity at Goldman Sachs Alternatives leads this funding round of over CAD$70M, joined by other prominent investors including OMERS Ventures, FJ Labs, Garage Capital and Teralys. With the CAD$50M credit facility announced in February 2024—bringing total funding to over CAD$120M in the past year—this investment highlights Float Financial's significant potential despite economic uncertainty. Float will use the money to accelerate its product expansion, continue to attract top talent and expand its leadership in the Canadian market coast-to-coast. Float Financial, a business finance platform for Canadian businesses, today announced it has signed a CAD $70 million Series B finan
New joint ownership will support Omega Healthcare in accelerating their growth journey NEW YORK and TORONTO, Dec. 20, 2024 /PRNewswire/ - Ontario Teachers' Pension Plan ("Ontario Teachers'") makes investment in Omega Healthcare Management Services ("Omega" or "the Company") and joins Private Equity at Goldman Sachs Alternatives as Co-Lead investors. Omega is a leading technology-enabled healthcare management solutions provider. Terms of the transaction were not disclosed. Omega Healthcare works with healthcare institutions to empower them to deliver exceptional care while enhancing financial performance. Omega aims to help its clients increase revenues, decrease costs, and improve the overa
Goldman Sachs Asset Management, the investment adviser for the Goldman Sachs Bloomberg Clean Energy Equity ETF, Goldman Sachs North American Pipelines & Power Equity ETF and Goldman Sachs Future Real Estate and Infrastructure Equity ETF (each, a "Fund" and collectively, the "Funds"), announced today that the Funds' Board of Trustees, at the recommendation of Goldman Sachs Asset Management, has approved a plan of liquidation for each Fund (collectively, the "Plans"). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval. Share
Funds Will be Used to Fuel the Transformation of Kubernetes Management at Scale Across Data Centers, Cloud, and the Edge Spectro Cloud has Grown Annual Recurring Revenue (ARR) by Triple Digits Year-over-Year for Three Consecutive Years Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, today announced it has completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors. The investment comes at a turning point of complexity in the IT industry, with the evo
Goldman Sachs to acquire majority stake from Morgan Stanley Capital Partners and other existing investors Sila Services ("Sila"), a leading provider of HVAC, plumbing and electrical services, today announced that the Private Equity business at Goldman Sachs Alternatives ("Goldman Sachs") will acquire a majority stake in the company from affiliates of Morgan Stanley Capital Partners ("MSCP"), subject to obtaining customary regulatory approvals. As part of the transaction, Sila management will continue to lead the Company and retain a significant minority stake. Financial details of the transaction were not disclosed. Headquartered in King of Prussia, Pennsylvania, Sila is a leading U.S.
SAN FRANCISCO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Simbe, a leading provider of Store Intelligence™ solutions, today announced the closing of a $50 million Series C equity financing round led by Growth Equity at Goldman Sachs Alternatives ("Goldman Sachs"), with participation from Eclipse and Valo Ventures and other existing investors. Since raising its Series B in July 2023, Simbe has achieved significant momentum and milestones such as introducing multiple capabilities and securing numerous new and expanded partnerships across various retail sectors. The new capital, which brings the total amount raised by Simbe to over $100 million, will be used to meet surging demand for retail technolog
Sheldon Kimber recognized as one of Goldman Sachs' Most Exceptional Entrepreneurs at 2024 Builders and Innovators Summit On October 16, Goldman Sachs (NYSE:GS) recognized Sheldon Kimber, CEO and Founder of Intersect Power, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Goldman Sachs selected Kimber from multiple industries to be honored at the two-day event. Kimber leads Intersect Power, a clean energy company that develops, owns, and operates some of the world's largest clean energy resources. Kimber has over 20 years of experience in energy and finance, development, and entrepreneurship. Under his leadership, Interse
Jason Zintak Among the Most Exceptional Entrepreneurs at the 2024 Builders and Innovators Summit 6sense®, the leading platform revolutionizing B2B revenue generation, today announced that Goldman Sachs (NYSE:GS) has recognized 6sense CEO Jason Zintak as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. This is the second time Goldman Sachs has selected Zintak as an honoree amongst leaders from multiple industries. He is an accomplished leader with a strong track record of successfully scaling marketing and sales teams in growth-stage B2B software companies. He is passionate about creating a culture of innovation and prioriti
New joint ownership will support Omega Healthcare in accelerating their growth journey NEW YORK and TORONTO, Dec. 20, 2024 /PRNewswire/ - Ontario Teachers' Pension Plan ("Ontario Teachers'") makes investment in Omega Healthcare Management Services ("Omega" or "the Company") and joins Private Equity at Goldman Sachs Alternatives as Co-Lead investors. Omega is a leading technology-enabled healthcare management solutions provider. Terms of the transaction were not disclosed. Omega Healthcare works with healthcare institutions to empower them to deliver exceptional care while enhancing financial performance. Omega aims to help its clients increase revenues, decrease costs, and improve the overa
Industry veteran with track record of driving innovation at scale across multiple enterprise technology companies to accelerate next chapter of growth Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the appointment of Chirantan "CJ" Desai as President of Product & Engineering to further accelerate the company's next phase of growth to $5 billion in annual recurring revenue and beyond. Desai's 25+ years of experience spans product innovation, go-to-market strategies, and operational efficiency—all key in building high-performing teams and driving sustained business growth at scale. Desai most recently served as President and Chief Operating Officer at S
Proceeds support advancement of two next-generation precision oncology programs into clinical development within 12 months Financing led by Goldman Sachs Alternatives with participation by Canaan Partners, Driehaus Capital Management, Invus, Digitalis Ventures, Blue Owl Capital, and existing investors Alterome Therapeutics, Inc., a biopharmaceutical company pioneering the development of next generation, small molecule targeted therapies for the treatment of cancer, today announced the closing of a $132 million Series B financing. Proceeds from the fundraise will be used to support the advancement of multiple wholly-owned pipeline programs into the clinic, including a highly specific AKT
NORD/LB and Mitsubishi HC Capital America will support the clean energy facility through debt financing GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it closed its first tax credit sale with J.P. Morgan in support of its Goleta Energy Storage project. The standalone battery energy storage project is the largest lithium-ion battery facility in Santa Barbara County and began operations in December 2023. In addition to the tax credit transfer, GridStor's Goleta Energy Storage project is financed with long term debt provided by NORD/LB and Mitsubishi HC Capital America. "This deal demonstrates the superior execution capabilities of
DURHAM, N.C., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Parexel, one of the world's largest clinical research organizations (CROs) providing the full range of Phase I to IV clinical development services, today announced the appointment of Susan R. Salka, retired Chief Executive Officer and President of AMN Healthcare Services, Inc., to its Board of Directors. Ms. Salka's appointment is effective Feb. 1. Ms. Salka brings more than 30 years of healthcare leadership experience to Parexel, serving as AMN Healthcare's Chief Executive Officer and President from 2005 to 2022, and as a director of the company from 2003 to 2022. During her tenure AMN grew to become the largest total talent solutions a
Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with over $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from high yielding private loans with equity upside in the lower middle-market, announced that Eric Kirsch has joined as Senior Advisor. Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $3.5 billion in assets under management (committed capital including debt facilities as of 9/30/2023) focused on generating defensive and premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the "lower middle-market"), is
Today, Goldman Sachs (NYSE:GS) is recognizing Flock Freight® Founder and CEO, Oren Zaslansky, as one of the Most Exceptional Entrepreneurs of 2023 at its Builders and Innovators Summit in Healdsburg, California. Goldman Sachs selected Zaslansky from multiple industries to be honored at the two-day event. Oren Zaslansky is the founder and CEO of Flock Freight, a FreightTech company creating a smarter, more sustainable supply chain in today's $8.2 trillion global transportation and logistics industry. Raised by parents who worked for a van line and later started their own freight forwarding companies, Oren has deep-seated roots in logistics and entrepreneurship. At 21, he founded a 125-truc
Former Goldman Sachs Partner to Assume Role of Chief Operating Officer on January 1 Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointment of Heather Kennedy Miner as Managing Director. Ms. Miner will assume the role of Chief Operating Officer effective January 1, 2023, with responsibility for driving Advent's operations globally, including executing the firm's strategic growth initiatives, overseeing marketing and communications, and delivering on talent development priorities. Ms. Miner joins Advent from Goldman Sachs (NYSE:GS), where she held a number of leadership positions during her nearly two-decade
The Board of Directors of The Goldman Sachs Group, Inc. (NYSE:GS) today announced the appointment of Kevin R. Johnson as an independent director of the firm, effective October 26, 2022. Mr. Johnson will also become a member of each of the firm's Governance, Compensation and Risk Committees. Mr. Johnson retired in April 2022 as the President and Chief Executive Officer of Starbucks Corporation, a role he had held since April 2017. Previously, he served as President and Chief Operating Officer of Starbucks from March 2015 after serving as an independent director on Starbucks' board of directors since 2009. From September 2008 to January 2014, Mr. Johnson served as Chief Executive Officer of
Eagle Global ("Eagle"), a women and minority-owned distributed gaming provider based in Georgia, today announced that it has more than doubled the size of its business and expanded its executive team. Within the past six months, Eagle has doubled its customer base through a combination of M&A and organic growth, expanded its value proposition, and grown employee count. This continued momentum speaks to the significant market opportunity and demand for the right partner from current and future customers who share Eagle's values and focus on compliance. "Over the past six months, we have focused heavily on institutionalizing the business, our compliance processes and customer service, all of
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UBS downgraded Goldman Sachs from Buy to Neutral and set a new price target of $610.00
HSBC Securities downgraded Goldman Sachs from Buy to Hold and set a new price target of $608.00 from $569.00 previously
Seaport Research Partners downgraded Goldman Sachs from Buy to Neutral
Argus upgraded Goldman Sachs from Hold to Buy and set a new price target of $465.00
Daiwa Securities upgraded Goldman Sachs from Neutral to Outperform and set a new price target of $430.00 from $410.00 previously
Edward Jones initiated coverage of Goldman Sachs with a rating of Buy
Morgan Stanley upgraded Goldman Sachs from Equal-Weight to Overweight and set a new price target of $449.00 from $333.00 previously
BMO Capital Markets reiterated coverage of Goldman Sachs with a rating of Market Perform and set a new price target of $360.00 from $357.00 previously
BMO Capital Markets downgraded Goldman Sachs from Outperform to Market Perform and set a new price target of $357.00 from $421.00 previously
HSBC Securities initiated coverage of Goldman Sachs with a rating of Buy and set a new price target of $403.00