Goldman Sachs Group (GS) Raised to Hold at Vertical Group

Goldman Sachs Group (NYSE:GS) was upgraded by equities research analysts at Vertical Group from a “sell” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.

Several other analysts have also commented on the company. Bank of America raised their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, November 15th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a report on Tuesday, November 7th. Finally, Societe Generale set a $198.00 price objective on Goldman Sachs Group and gave the company a “sell” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have given 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 has an average rating of “Hold” and a consensus target price of $246.10.

Goldman Sachs Group (GS) traded up $1.79 during trading on Friday, reaching $250.35. The company had a trading volume of 1,948,381 shares, compared to its average volume of 3,284,354. The firm has a market capitalization of $92,772.71, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.47. Goldman Sachs Group has a 12-month low of $209.62 and a 12-month high of $255.15. 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 posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. Goldman Sachs Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $4.88 earnings per share. sell-side analysts anticipate that Goldman Sachs Group will post 19.03 earnings per share for the current fiscal year.

In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group stock in a transaction on Friday, October 20th. The shares were 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. In the last quarter, insiders have sold 135,177 shares of company stock worth $32,435,160. 2.57% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of GS. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Goldman Sachs Group in the second quarter valued at $101,000. Sterling Investment Advisors Ltd. grew its stake in shares of Goldman Sachs Group by 35.7% in the second 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. acquired a new stake in shares of Goldman Sachs Group in the second quarter valued at $111,000. Gs Investments Inc. acquired a new stake in shares of Goldman Sachs Group in the second quarter valued at $111,000. Finally, First Personal Financial Services grew its stake in shares of Goldman Sachs Group by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after buying an additional 366 shares in the last quarter. Institutional investors own 73.35% of the company’s stock.

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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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