Goldman Sachs Group, Inc. (The) (NYSE:GS) was downgraded by investment analysts at Vertical Group from a “hold” rating to a “sell” rating in a note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also commented on GS. TheStreet raised shares of Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a report on Friday, October 13th. Capital One Financial Corporation reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. J P Morgan Chase & Co set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Friday, September 15th. Zacks Investment Research raised shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research note on Friday, October 20th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $244.98.

Goldman Sachs Group, Inc. (NYSE GS) opened at $244.13 on Monday. Goldman Sachs Group, Inc. has a twelve month low of $174.73 and a twelve month high of $255.15. The firm has a market capitalization of $92,190.00, a price-to-earnings ratio of 12.73, a PEG ratio of 1.24 and a beta of 1.48. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.89 and a current ratio of 0.89.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 earnings per share. sell-side analysts predict that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

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In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the sale, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Insiders have sold 55,029 shares of company stock valued at $13,281,937 in the last ninety days. 2.57% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Goldman Sachs Group, Inc. (The) by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the last quarter. Vanguard Group Inc. raised its holdings in Goldman Sachs Group, Inc. (The) by 1.3% during 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 acquiring an additional 304,400 shares during the period. State Street Corp raised its holdings in Goldman Sachs Group, Inc. (The) by 2.7% during the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after acquiring an additional 603,165 shares during the period. Dodge & Cox purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter valued at about $3,399,521,000. Finally, Capital World Investors grew its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% during the second quarter. Capital World Investors now owns 11,404,284 shares of the investment management company’s stock valued at $1,694,449,000 after purchasing an additional 38,554 shares in the last quarter. 73.14% of the stock is owned by institutional investors and hedge funds.

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.

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