Goldman Sachs Group (NYSE:GS) announced its quarterly earnings results on Wednesday. The investment management company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.14 by $0.54, Bloomberg Earnings reports. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the firm earned $5.08 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year.

Goldman Sachs Group (GS) opened at $258.46 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $97,490.00, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47. Goldman Sachs Group has a twelve month low of $209.62 and a twelve month high of $262.14.

Several equities analysts recently weighed in on 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 report on Thursday, October 19th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. BMO Capital Markets reissued a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group in a research report on Friday, October 6th. Wells Fargo & Co reissued an “outperform” rating and set a $295.00 price objective (up previously from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Finally, Vertical Group cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $250.89.

In other news, EVP John F.W. Rogers sold 20,490 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.01, for a total value of $4,876,824.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,226 shares of company stock valued at $31,247,168. Insiders own 2.57% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $101,000. Sterling Investment Advisors Ltd. grew its position in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the last quarter. Gs Investments Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $111,000. First Personal Financial Services grew its position in Goldman Sachs Group by 230.2% during the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after acquiring an additional 366 shares during the last quarter. Finally, FNY Managed Accounts LLC grew its position in Goldman Sachs Group by 605.1% during the 2nd quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock worth $123,000 after acquiring an additional 478 shares during the last quarter. Institutional investors own 73.28% 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.

Earnings History for Goldman Sachs Group (NYSE:GS)

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