Goldman Sachs Group (GS) Given Hold Rating at Keefe, Bruyette & Woods

Goldman Sachs Group (NYSE:GS)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday, January 9th.

Several other research analysts also recently commented on the company. Vining Sparks reissued a “hold” rating and issued a $270.00 price objective on shares of Goldman Sachs Group in a research note on Monday, January 8th. Instinet reaffirmed an “outperform” rating and issued a $225.00 target price (down from $238.00) on shares of Goldman Sachs Group in a research note on Thursday, January 4th. Barclays raised their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Vertical Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $254.67.

Goldman Sachs Group (NYSE:GS) traded up $5.15 during trading on Tuesday, reaching $256.12. The company’s stock had a trading volume of 4,638,173 shares, compared to its average volume of 2,920,000. Goldman Sachs Group has a 1-year low of $209.62 and a 1-year high of $262.14. The stock has a market cap of $96,610.00, a price-to-earnings ratio of 29.54, a PEG ratio of 0.91 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 earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the firm posted $5.08 EPS. The business’s revenue was down 4.2% on a year-over-year basis. sell-side analysts forecast that Goldman Sachs Group will post 21.4 earnings per share for the current fiscal year.

In other news, Chairman Lloyd C. Blankfein sold 20,794 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total transaction of $4,956,873.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Viniar sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total value of $5,950,500.00. The disclosure for this sale can be found here. Insiders sold a total of 97,833 shares of company stock valued at $23,309,552 in the last quarter. Company insiders own 2.57% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group during the second quarter worth approximately $101,000. Sterling Investment Advisors Ltd. increased its position in Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after buying an additional 125 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group during the second quarter worth approximately $111,000. Gs Investments Inc. acquired a new position in Goldman Sachs Group during the second quarter worth approximately $111,000. Finally, First Personal Financial Services increased its position in Goldman Sachs Group by 230.2% during the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after buying an additional 366 shares during the period. 73.28% of the stock is currently owned by institutional investors and hedge funds.

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About Goldman Sachs Group

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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