Goldman Sachs Group (NYSE:GS) had its target price raised by stock analysts at Barclays from $262.00 to $308.00 in a note issued to investors on Tuesday. The brokerage currently has an “equal weight” rating on the investment management company’s stock. Barclays’ price target would suggest a potential upside of 20.90% from the stock’s previous close.
Several other equities research analysts have also issued reports on GS. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 price target (up from $265.00) on shares of Goldman Sachs Group in a report on Wednesday, December 20th. Bank of America lifted their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $250.24.
Shares of Goldman Sachs Group (GS) traded down $1.74 during trading hours on Tuesday, hitting $254.76. 2,518,900 shares of the stock traded hands, compared to its average volume of 3,239,375. The firm has a market cap of $96,095.85, a PE ratio of 13.27, a PEG ratio of 1.11 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group has a one year low of $209.62 and a one year high of $262.14.
In related news, Vice Chairman Richard J. Gnodde sold 5,718 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock worth $32,435,160 in the last 90 days. Corporate insiders own 2.57% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in GS. Northwest Quadrant Wealth Management LLC acquired a new position in Goldman Sachs Group during the second quarter worth $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group during the second quarter worth $101,000. Sterling Investment Advisors Ltd. raised its holdings in Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after buying an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group during the second quarter worth $111,000. Finally, Gs Investments Inc. acquired a new position in Goldman Sachs Group during the second quarter worth $111,000. Institutional investors own 73.27% of the company’s stock.
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About Goldman Sachs Group
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.
