Goldman Sachs Group Inc (NYSE:GS) – Oppenheimer cut their Q1 2018 earnings estimates for Goldman Sachs Group in a research report issued on Wednesday. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will post earnings of $5.34 per share for the quarter, down from their previous forecast of $5.41. Oppenheimer has a “Outperform” rating and a $313.00 price objective on the stock. Oppenheimer also issued estimates for Goldman Sachs Group’s Q2 2018 earnings at $4.72 EPS, Q3 2018 earnings at $5.25 EPS and Q4 2018 earnings at $5.85 EPS.

Several other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $260.00 price objective on shares of Goldman Sachs Group in a research report on Thursday. Barclays restated 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 report on Thursday. Royal Bank of Canada raised their price objective on shares of Goldman Sachs Group to $265.00 and gave the company a “sector perform” rating in a research report on Thursday. 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 report on Thursday. Finally, Vining Sparks restated a “hold” rating and set a $270.00 price objective on shares of Goldman Sachs Group in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $254.67.

Goldman Sachs Group (NYSE GS) opened at $252.42 on Friday. The stock has a market cap of $94,670.00, a PE ratio of 29.11, a P/E/G ratio of 0.91 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 12-month low of $209.62 and a 12-month high of $262.14.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.08 EPS.

A number of hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Goldman Sachs Group in the second quarter worth approximately $101,000. Sterling Investment Advisors Ltd. lifted its position in shares of Goldman Sachs Group by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares in the last quarter. Gs Investments Inc. purchased a new stake in shares of Goldman Sachs Group in the second quarter worth approximately $111,000. First Personal Financial Services lifted its position in shares of Goldman Sachs Group by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after purchasing an additional 366 shares in the last quarter. Finally, FNY Managed Accounts LLC lifted its position in shares of Goldman Sachs Group by 605.1% in the second quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock worth $123,000 after purchasing an additional 478 shares in the last quarter. 73.28% of the stock is owned by institutional investors.

In other Goldman Sachs Group news, Director David A. Viniar sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.02, for a total transaction of $5,950,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. Insiders have sold 97,833 shares of company stock valued at $23,309,552 over the last ninety days. Insiders own 2.57% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/19/goldman-sachs-group-inc-gs-forecasted-to-post-q1-2018-earnings-of-5-34-per-share.html.

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.

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.