Goldman Sachs Group, Inc. (The) (NYSE:GS) has been given a $260.00 price objective by equities research analysts at J P Morgan Chase & Co in a report released on Friday. The firm presently has a “buy” rating on the investment management company’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 15.44% from the stock’s current price.

A number of other analysts have also weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday. TheStreet lowered shares of Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a report on Thursday, September 7th. Royal Bank Of Canada reissued a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, HSBC Holdings plc downgraded shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lifted their target price for the stock from $223.80 to $250.00 in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $235.44.

Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.72% during midday trading on Friday, reaching $225.22. The company’s stock had a trading volume of 4,365,560 shares. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The firm has a market cap of $87.43 billion, a P/E ratio of 11.81 and a beta of 1.42. The firm has a 50 day moving average price of $224.06 and a 200-day moving average price of $226.56.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $3.72 earnings per share. On average, analysts forecast that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current fiscal year.

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In other news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the transaction, the executive vice president now owns 80,109 shares in the company, valued at $18,827,217.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the transaction, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,535 shares of company stock valued at $5,956,868. Insiders own 2.57% of the company’s stock.

A number of large investors have recently modified their holdings of GS. Waldron LP acquired a new position in Goldman Sachs Group, Inc. (The) in the 1st quarter worth approximately $277,000. Seatown Holdings Pte. Ltd. acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the 1st quarter worth approximately $8,306,000. Swedbank grew its stake in shares of Goldman Sachs Group, Inc. (The) by 14.4% during the 1st quarter. Swedbank now owns 404,675 shares of the investment management company’s stock worth $92,962,000 after purchasing an additional 51,077 shares during the period. Exane Derivatives lifted its position in shares of Goldman Sachs Group, Inc. (The) by 9.4% during the 1st quarter. Exane Derivatives now owns 2,113 shares of the investment management company’s stock valued at $485,000 after buying an additional 181 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Goldman Sachs Group, Inc. (The) by 19.5% during the 1st quarter. North Star Investment Management Corp. now owns 2,896 shares of the investment management company’s stock valued at $665,000 after buying an additional 472 shares in the last quarter. Institutional investors own 73.38% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

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, Inc. (The) (NYSE:GS)

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