Goldman Sachs Group’s (GS) “Hold” Rating Reiterated at Keefe, Bruyette & Woods
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.
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.
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