Goldman Sachs Group, Inc. (The) (NYSE:GS) Given “Sell” Rating at Berenberg Bank

Goldman Sachs Group, Inc. (The) (NYSE:GS)‘s stock had its “sell” rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Friday. They currently have a $190.00 price objective on the investment management company’s stock. Berenberg Bank’s price objective points to a potential downside of 14.53% from the stock’s previous close.

Several other research analysts also recently commented on the company. HSBC Holdings plc reissued a “buy” rating and issued a $291.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, March 27th. Vetr raised Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $235.71 price objective for the company in a research note on Monday, March 27th. Citigroup Inc. raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Wednesday, April 19th. Atlantic Securities raised Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $214.00 to $254.00 in a research note on Thursday, April 20th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $237.54.

Goldman Sachs Group, Inc. (GS) traded down 0.86% on Friday, hitting $220.39. 2,129,965 shares of the company were exchanged. The stock’s 50-day moving average price is $222.76 and its 200-day moving average price is $231.25. Goldman Sachs Group, Inc. has a 52-week low of $155.37 and a 52-week high of $255.15. The stock has a market capitalization of $90.21 billion, a P/E ratio of 11.73 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 EPS. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.28 earnings per share for the current fiscal year.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 18th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the investment management company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of institutional investors have recently made changes to their positions in the stock. Murphy Capital Management Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 28.7% in the second quarter. Murphy Capital Management Inc. now owns 6,880 shares of the investment management company’s stock worth $1,526,000 after buying an additional 1,535 shares during the period. Investment House LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 1.9% in the second quarter. Investment House LLC now owns 4,110 shares of the investment management company’s stock worth $912,000 after buying an additional 75 shares during the period. Wright Investors Service Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 12.8% in the second quarter. Wright Investors Service Inc. now owns 2,070 shares of the investment management company’s stock worth $460,000 after buying an additional 235 shares during the period. Rothschild Investment Corp IL boosted its position in shares of Goldman Sachs Group, Inc. (The) by 34.3% in the second quarter. Rothschild Investment Corp IL now owns 48,906 shares of the investment management company’s stock worth $10,852,000 after buying an additional 12,493 shares during the period. Finally, Washington Trust Bank boosted its position in shares of Goldman Sachs Group, Inc. (The) by 2.5% in the second quarter. Washington Trust Bank now owns 14,156 shares of the investment management company’s stock worth $3,141,000 after buying an additional 347 shares during the period. Institutional investors own 74.35% of the company’s stock.

Goldman Sachs Group, Inc. (The) 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.