Goldman Sachs (NYSE:GS)‘s stock had its “buy” rating reaffirmed by research analysts at JPMorgan Chase in a research report issued on Thursday, March 15th. They presently have a $280.00 price objective on the investment management company’s stock. JPMorgan Chase’s price objective would indicate a potential upside of 12.01% from the company’s previous close.
GS has been the topic of a number of other research reports. Barclays reiterated an “equal weight” rating and set a $289.00 target price (down previously from $308.00) on shares of Goldman Sachs in a report on Thursday, January 18th. Morgan Stanley raised their price objective on Goldman Sachs from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th. BMO Capital Markets cut their target price on Goldman Sachs to $221.00 and set a “market perform” rating on the stock in a research report on Thursday, January 18th. Vetr raised Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 target price on the stock in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Goldman Sachs in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $258.79.
GS opened at $249.97 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09. The company has a market cap of $95,967.05, a price-to-earnings ratio of 12.65, a P/E/G ratio of 0.90 and a beta of 1.37. Goldman Sachs has a 52 week low of $209.62 and a 52 week high of $275.31.
Goldman Sachs (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 the consensus estimate of $4.90 by $0.78. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period last year, the business posted $5.08 EPS. Goldman Sachs’s quarterly revenue was down 4.2% on a year-over-year basis. equities research analysts expect that Goldman Sachs will post 21.83 earnings per share for the current fiscal year.
In related news, insider Brian J. Lee sold 6,738 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total transaction of $1,778,292.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Viniar sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,548 shares of company stock valued at $22,064,172. Insiders own 2.57% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GS. TIAA CREF Investment Management LLC grew its position in Goldman Sachs by 116.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock worth $644,408,000 after purchasing an additional 1,360,046 shares in the last quarter. Jennison Associates LLC grew its position in Goldman Sachs by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after purchasing an additional 727,698 shares in the last quarter. Standard Life Aberdeen plc grew its position in Goldman Sachs by 187.6% during the 4th quarter. Standard Life Aberdeen plc now owns 737,276 shares of the investment management company’s stock worth $187,995,000 after purchasing an additional 480,931 shares in the last quarter. Bank of New York Mellon Corp grew its position in Goldman Sachs by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock worth $858,366,000 after purchasing an additional 356,956 shares in the last quarter. Finally, Boston Partners grew its position in Goldman Sachs by 13.3% during the 3rd quarter. Boston Partners now owns 2,790,289 shares of the investment management company’s stock worth $661,829,000 after purchasing an additional 328,611 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors.
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Goldman Sachs Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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