Goldman Sachs Group (NYSE:GS)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday. They presently have a $260.00 price objective on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.60% from the company’s previous close.

Several other equities analysts have also recently commented on GS. BMO Capital Markets reduced their price objective on shares of Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research note on Thursday. Oppenheimer boosted their price objective on shares of Goldman Sachs Group from $301.00 to $313.00 and gave the company an “outperform” rating in a research note on Thursday. Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, October 18th. Royal Bank of Canada boosted their price objective on shares of Goldman Sachs Group to $265.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Barclays reaffirmed an “equal weight” rating and set a $289.00 price objective (down previously from $308.00) on shares of Goldman Sachs Group in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given 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 an average price target of $254.67.

Shares of Goldman Sachs Group (NYSE:GS) traded down $2.44 during trading hours on Thursday, reaching $250.97. 4,980,000 shares of the company traded hands, compared to its average volume of 2,870,000. The stock has a market capitalization of $94,670.00, a PE ratio of 28.95, a P/E/G ratio of 0.94 and a beta of 1.47. Goldman Sachs Group has a 12 month low of $209.62 and a 12 month high of $262.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the consensus estimate of $4.90 by $0.78. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.08 earnings per share. equities analysts anticipate that Goldman Sachs Group will post 18.98 earnings per share for the current year.

In other news, Director David A. Viniar sold 7,393 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. In the last three months, insiders sold 130,226 shares of company stock valued at $31,247,168. Corporate insiders own 2.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Goldman Sachs Group by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Dodge & Cox bought a new position in Goldman Sachs Group in the 4th quarter worth $3,399,521,000. Wellington Management Group LLP raised its holdings in Goldman Sachs Group by 268.8% in the 1st quarter. Wellington Management Group LLP now owns 6,093,448 shares of the investment management company’s stock worth $956,549,000 after purchasing an additional 4,441,270 shares in the last quarter. FMR LLC raised its holdings in Goldman Sachs Group by 60.2% in the 4th quarter. FMR LLC now owns 9,910,801 shares of the investment management company’s stock worth $2,373,141,000 after purchasing an additional 3,722,471 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Goldman Sachs Group by 237.3% in the 3rd quarter. Jennison Associates LLC now owns 4,371,336 shares of the investment management company’s stock worth $704,965,000 after purchasing an additional 3,075,277 shares in the last quarter. 73.28% of the stock is 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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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