Goldman Sachs Group (NYSE:GS) had its price objective hoisted by analysts at Bank of America from $290.00 to $300.00 in a note issued to investors on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the investment management company’s stock. Bank of America’s price target indicates a potential upside of 20.70% from the stock’s previous close.

Several other research firms also recently commented on GS. Citigroup reiterated a “neutral” rating and issued a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Credit Suisse Group downgraded shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Vertical Group downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $246.10.

Goldman Sachs Group (NYSE GS) traded up $2.61 during mid-day trading on Thursday, reaching $248.56. 2,666,279 shares of the company traded hands, compared to its average volume of 3,284,340. Goldman Sachs Group has a 1 year low of $209.62 and a 1 year high of $255.15. The stock has a market cap of $93,670.45, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. Goldman Sachs Group’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts anticipate that Goldman Sachs Group will post 19.03 EPS for the current year.

In other news, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,177 shares of company stock worth $32,435,160. Corporate insiders own 2.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GS. NorthCoast Asset Management LLC grew its stake in Goldman Sachs Group by 729.6% in the 1st quarter. NorthCoast Asset Management LLC now owns 75,930 shares of the investment management company’s stock valued at $17,443,000 after acquiring an additional 66,777 shares during the last quarter. Parallel Advisors LLC grew its stake in Goldman Sachs Group by 10.7% in the 1st quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 54 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Goldman Sachs Group by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,440,198 shares of the investment management company’s stock valued at $560,573,000 after acquiring an additional 87,995 shares during the last quarter. Aureus Asset Management LLC boosted its stake in shares of Goldman Sachs Group by 13.6% during the 1st quarter. Aureus Asset Management LLC now owns 1,252 shares of the investment management company’s stock worth $281,000 after purchasing an additional 150 shares during the last quarter. Finally, Northside Capital Management LLC boosted its stake in shares of Goldman Sachs Group by 132.0% during the 1st quarter. Northside Capital Management LLC now owns 6,855 shares of the investment management company’s stock worth $1,575,000 after purchasing an additional 3,900 shares during the last quarter. 73.35% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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