Goldman Sachs Group (NYSE:GS) had its price target raised by equities researchers at Royal Bank of Canada to $265.00 in a report released on Thursday, The Fly reports. The firm presently has a “sector perform” rating on the investment management company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 5.39% from the stock’s current price.
A number of other equities research analysts have also weighed in on GS. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a research report on Friday, October 6th. Credit Suisse Group lowered Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped their price target for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Citigroup reaffirmed a “neutral” rating and set a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Finally, TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $252.15.
Goldman Sachs Group (NYSE:GS) traded down $2.21 during midday trading on Thursday, hitting $251.44. The stock had a trading volume of 1,521,688 shares, compared to its average volume of 2,870,000. Goldman Sachs Group has a 12 month low of $209.62 and a 12 month high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $94,680.00, a price-to-earnings ratio of 29.00, a PEG ratio of 0.94 and a beta of 1.47.
In other Goldman Sachs Group news, insider David M. Solomon sold 2,400 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Insiders sold a total of 130,226 shares of company stock worth $31,247,168 in the last 90 days. 2.57% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of GS. Janus Henderson Group PLC lifted its holdings in shares of Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after buying an additional 2,416,970 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after buying an additional 1,152,869 shares during the period. Balyasny Asset Management LLC lifted its holdings in shares of Goldman Sachs Group by 1,654.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after buying an additional 975,690 shares during the period. Capital World Investors lifted its holdings in shares of Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after buying an additional 726,582 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Goldman Sachs Group by 21.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,121,193 shares of the investment management company’s stock valued at $470,546,000 after buying an additional 377,435 shares during the period. Institutional investors and hedge funds 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.
