Goldman Sachs Group (NYSE:GS) Rating Reiterated by Vining Sparks

Goldman Sachs Group (NYSE:GS)‘s stock had its “hold” rating restated by Vining Sparks in a report issued on Monday, January 8th. They currently have a $270.00 price target on the investment management company’s stock. Vining Sparks’ price objective indicates a potential upside of 7.58% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Instinet reaffirmed an “outperform” rating and issued a $225.00 price objective (down from $238.00) on shares of Goldman Sachs Group in a research report on Thursday, January 4th. Barclays upped their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $295.00 target price (up from $265.00) on shares of Goldman Sachs Group in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $253.80.

Goldman Sachs Group (NYSE:GS) traded down $2.68 during trading hours on Monday, hitting $250.97. 4,979,989 shares of the stock traded hands, compared to its average volume of 3,518,783. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $94,670.00, a P/E ratio of 28.95, a PEG ratio of 0.94 and a beta of 1.47. Goldman Sachs Group has a one year low of $209.62 and a one year high of $262.14.

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

In other news, insider David M. Solomon sold 12,707 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold a total of 130,226 shares of company stock worth $31,247,168 over the last quarter. Corporate insiders own 2.57% of the company’s stock.

Several large investors have recently modified their holdings of GS. Vanguard Group Inc. grew its holdings in shares of Goldman Sachs Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares during the last quarter. Capital World Investors grew 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 purchasing an additional 726,582 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Goldman Sachs Group by 4.0% during the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in shares of Goldman Sachs Group by 2.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after purchasing an additional 91,200 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Goldman Sachs Group by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after purchasing an additional 356,956 shares during the last quarter. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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