Goldman Sachs Group (NYSE:GS) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Tuesday, February 5th.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. BMO Capital Markets lifted their price objective on shares of Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, October 16th. ValuEngine cut shares of Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. Finally, Oppenheimer lifted their price objective on shares of Goldman Sachs Group from $257.00 to $272.00 and gave the company an “outperform” rating in a report on Thursday, January 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $255.54.
Shares of NYSE:GS traded up $1.50 during midday trading on Tuesday, reaching $198.20. The company’s stock had a trading volume of 2,580,522 shares, compared to its average volume of 2,670,444. The firm has a market capitalization of $72.91 billion, a P/E ratio of 7.84, a PEG ratio of 1.13 and a beta of 1.22. Goldman Sachs Group has a twelve month low of $151.70 and a twelve month high of $275.31. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.91 and a quick ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.15 by $0.89. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.48 billion. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.35%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $5.68 earnings per share. Equities analysts anticipate that Goldman Sachs Group will post 23.68 EPS for the current fiscal year.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total transaction of $295,283.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory K. Palm sold 16,451 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Goldman Sachs Group by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock worth $5,531,864,000 after acquiring an additional 307,849 shares during the period. Vanguard Group Inc lifted its stake in shares of Goldman Sachs Group by 1.3% in the third quarter. Vanguard Group Inc now owns 24,669,387 shares of the investment management company’s stock worth $5,531,864,000 after buying an additional 307,849 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Goldman Sachs Group by 17,481.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after buying an additional 16,546,702 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Goldman Sachs Group by 3.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock worth $2,631,807,000 after buying an additional 360,264 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of Goldman Sachs Group by 2,110.7% in the third quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock worth $1,094,958,000 after buying an additional 4,662,095 shares in the last quarter. 68.92% of the stock is currently owned by institutional investors and hedge funds.
About Goldman Sachs Group
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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