Goldman Sachs Group (GS) Earns “Hold” Rating from Keefe, Bruyette & Woods

Goldman Sachs Group (NYSE:GS)‘s stock had its “hold” rating restated by analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday. They presently have a $260.00 price target on the investment management company’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 3.60% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a research note on Tuesday, November 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Bank of America upped their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $254.67.

Shares of Goldman Sachs Group (NYSE:GS) traded down $2.44 on Thursday, hitting $250.97. 4,980,000 shares of the stock traded hands, compared to its average volume of 2,870,000. Goldman Sachs Group has a 52 week low of $209.62 and a 52 week high of $262.14. The firm has a market cap of $94,670.00, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the prior year, the business posted $5.08 EPS. Goldman Sachs Group’s quarterly revenue was down 4.2% on a year-over-year basis. research analysts anticipate that Goldman Sachs Group will post 18.98 EPS for the current year.

In other Goldman Sachs Group news, Director David A. Viniar sold 7,393 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,226 shares of company stock valued at $31,247,168. Insiders own 2.57% of the company’s stock.

A number of institutional investors have recently modified their holdings of GS. Syntal Capital Partners LLC bought a new position in shares of Goldman Sachs Group during the 4th quarter worth about $270,000. Oakbrook Investments LLC lifted its holdings in shares of Goldman Sachs Group by 6.8% during the 4th quarter. Oakbrook Investments LLC now owns 23,625 shares of the investment management company’s stock worth $6,019,000 after acquiring an additional 1,500 shares during the period. Smithbridge Asset Management Inc. DE lifted its holdings in shares of Goldman Sachs Group by 12.9% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 8,712 shares of the investment management company’s stock worth $2,219,000 after acquiring an additional 995 shares during the period. Acadian Asset Management LLC bought a new position in shares of Goldman Sachs Group during the 4th quarter worth about $717,000. Finally, Alpha Windward LLC lifted its holdings in shares of Goldman Sachs Group by 24.2% during the 4th quarter. Alpha Windward LLC now owns 1,062 shares of the investment management company’s stock worth $271,000 after acquiring an additional 207 shares during the period. 73.28% of the stock is 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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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