Goldman Sachs Group (NYSE:GS) had its price target decreased by stock analysts at BMO Capital Markets from $278.00 to $264.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 6.30% from the stock’s current price.
Several other brokerages also recently weighed in on GS. Wells Fargo & Co restated an “overweight” rating and set a $280.00 price target (up from $240.00) on shares of Goldman Sachs Group in a report on Tuesday, December 17th. Citigroup upgraded Goldman Sachs Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $220.00 to $255.00 in a report on Monday, December 16th. DA Davidson initiated coverage on Goldman Sachs Group in a report on Wednesday, January 8th. They set a “buy” rating and a $272.00 price target for the company. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $235.00 price target for the company in a report on Friday, November 8th. Finally, JMP Securities upgraded Goldman Sachs Group from a “market perform” rating to an “outperform” rating and set a $290.00 price objective for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $261.53.
GS stock traded up $3.15 on Thursday, reaching $248.36. The company’s stock had a trading volume of 240,694 shares, compared to its average volume of 2,437,400. The business has a fifty day simple moving average of $229.26 and a two-hundred day simple moving average of $214.97. Goldman Sachs Group has a 12-month low of $180.73 and a 12-month high of $249.50. The firm has a market cap of $86.99 billion, a PE ratio of 9.83, a PEG ratio of 1.34 and a beta of 1.37. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.78 and a current ratio of 0.78.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.20 by ($0.51). The firm had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $8.56 billion. Goldman Sachs Group had a return on equity of 11.41% and a net margin of 18.86%. Goldman Sachs Group’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.04 EPS. As a group, research analysts anticipate that Goldman Sachs Group will post 21.54 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Nuveen Asset Management LLC increased its stake in Goldman Sachs Group by 1,026.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,132,535 shares of the investment management company’s stock worth $436,316,000 after acquiring an additional 1,943,266 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Goldman Sachs Group by 393.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,537 shares of the investment management company’s stock valued at $1,337,000 after acquiring an additional 5,212 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Goldman Sachs Group by 30.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 39,719 shares of the investment management company’s stock valued at $8,231,000 after acquiring an additional 9,267 shares during the period. Pictet Asset Management Ltd. boosted its holdings in Goldman Sachs Group by 4.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 206,471 shares of the investment management company’s stock valued at $42,787,000 after acquiring an additional 8,200 shares during the period. Finally, MUFG Americas Holdings Corp boosted its holdings in Goldman Sachs Group by 14.6% during the 3rd quarter. MUFG Americas Holdings Corp now owns 80,378 shares of the investment management company’s stock valued at $16,657,000 after acquiring an additional 10,267 shares during the period. 69.53% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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