Goldman Sachs Group (NYSE:GS)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a research report issued on Thursday, January 18th, MarketBeat reports. They currently have a $289.00 price objective on the investment management company’s stock, down from their prior price objective of $308.00. Barclays’ price objective would indicate a potential upside of 15.92% from the company’s current price.
A number of other equities research analysts have also recently issued reports on GS. Buckingham Research reiterated a “neutral” rating and set a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, October 18th. Citigroup reiterated a “neutral” rating and set a $250.00 price objective (up previously from $225.00) on shares of Goldman Sachs Group in a research note on Monday, October 9th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Finally, BMO Capital Markets dropped their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $256.75.
Goldman Sachs Group (NYSE GS) traded up $2.95 during midday trading on Thursday, reaching $249.30. The company’s stock had a trading volume of 5,980,000 shares, compared to its average volume of 4,040,000. The company has a market cap of $94,040.00, a PE ratio of 28.75, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 12-month low of $209.62 and a 12-month high of $273.79.
In other news, Chairman Lloyd C. Blankfein sold 20,794 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total transaction of $4,956,873.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David M. Solomon sold 21,252 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,243 shares of company stock worth $42,427,803. Insiders own 2.57% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after buying an additional 304,400 shares in the last quarter. Capital World Investors boosted its stake in Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after buying an additional 726,582 shares in the last quarter. Capital Research Global Investors boosted its stake in Goldman Sachs Group by 4.0% in the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after buying an additional 265,784 shares in the last quarter. Jennison Associates LLC boosted its stake in Goldman Sachs Group by 15.1% in the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after buying an additional 727,698 shares in the last quarter. Finally, Greenhaven Associates Inc. boosted its stake in Goldman Sachs Group by 2.5% in the second quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after buying an additional 91,200 shares in the last quarter. 73.52% of the stock is currently owned by 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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