Goldman Sachs Group (NYSE:GS) was upgraded by Vertical Group from a “hold” rating to a “buy” rating in a research note issued on Friday, The Fly reports.
Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. TheStreet lowered Goldman Sachs Group from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. JPMorgan Chase & Co. set a $260.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a research note on Friday, September 15th. Finally, BMO Capital Markets restated a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $248.24.
Goldman Sachs Group (NYSE GS) traded down $0.65 during trading hours on Friday, reaching $255.85. The company had a trading volume of 1,449,377 shares, compared to its average volume of 3,242,256. The company has a market capitalization of $96,110.00, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. Goldman Sachs Group has a 12 month low of $209.62 and a 12 month high of $262.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.
In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock worth $32,435,160. Company insiders own 2.57% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Goldman Sachs Group by 9.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after purchasing an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia grew its stake in shares of Goldman Sachs Group by 5.9% in the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after purchasing an additional 4,390 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Goldman Sachs Group by 223.8% in the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Goldman Sachs Group by 29.9% in the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after purchasing an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Goldman Sachs Group by 23.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after purchasing an additional 152 shares during the last quarter. 73.27% of the stock is currently owned by 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.
