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.
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.
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