Goldman Sachs Group, Inc. (The) (NYSE:GS)‘s stock had its “hold” rating restated by research analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $240.00 target price on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective points to a potential downside of 1.93% from the company’s current price.

A number of other analysts have also issued reports on the company. Buckingham Research reiterated a “neutral” rating and set a $250.00 price objective (up from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday. Morgan Stanley boosted their price objective on Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets boosted their price objective on Goldman Sachs Group, Inc. (The) from $202.00 to $217.00 and gave the company a “market perform” rating in a research note on Wednesday. TheStreet upgraded Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $250.00 price objective (up from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and an average target price of $244.98.

Goldman Sachs Group, Inc. (NYSE:GS) traded up 1.98% during mid-day trading on Thursday, hitting $244.73. The stock had a trading volume of 3,022,769 shares. The company’s 50 day moving average is $233.24 and its 200-day moving average is $225.75. Goldman Sachs Group, Inc. has a 52 week low of $172.51 and a 52 week high of $255.15. The stock has a market capitalization of $94.68 billion, a P/E ratio of 12.88 and a beta of 1.41.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.32% and a net margin of 26.42%. The company had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the previous year, the company posted $4.88 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.96 EPS for the current fiscal year.

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In related news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders sold a total of 30,486 shares of company stock valued at $7,144,861 in the last three months. Corporate insiders own 2.57% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Financial Group Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at approximately $101,000. WealthTrust Arizona LLC increased its position in Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in Goldman Sachs Group, Inc. (The) by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at approximately $111,000. Finally, Gs Investments Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at approximately $111,000. 73.28% of the stock is owned by institutional investors.

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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