Goldman Sachs Group (NYSE:GS) had its target price reduced by investment analysts at BMO Capital Markets to $221.00 in a report issued on Thursday, January 18th. The firm currently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ target price would suggest a potential downside of 12.70% from the company’s current price.
GS has been the subject of a number of other research reports. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research note on Friday, October 20th. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Bank of America increased their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Buckingham Research reiterated a “neutral” rating and issued a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Finally, Barclays increased their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $256.75.
Goldman Sachs Group (NYSE GS) opened at $253.16 on Thursday. Goldman Sachs Group has a 52-week low of $209.62 and a 52-week high of $273.79. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $95,490.00, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the prior year, the firm posted $5.08 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. equities research analysts predict that Goldman Sachs Group will post 21.56 EPS for the current fiscal year.
In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. Insiders sold 167,843 shares of company stock worth $41,855,427 over the last three months. Insiders own 2.57% of the company’s stock.
Several hedge funds have recently bought and sold shares of GS. Northwest Quadrant Wealth Management LLC purchased a new position in Goldman Sachs Group in the 2nd quarter worth approximately $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in Goldman Sachs Group in the 2nd quarter worth approximately $101,000. Sterling Investment Advisors Ltd. lifted its holdings in Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares in the last quarter. Cerebellum GP LLC purchased a new position in Goldman Sachs Group in the 4th quarter worth approximately $122,000. Finally, Gs Investments Inc. purchased a new position in Goldman Sachs Group in the 2nd quarter worth approximately $111,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.
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Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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