Goldman Sachs Group, Inc. (The) (NYSE:GS) Downgraded by Vertical Group

Goldman Sachs Group, Inc. (The) (NYSE:GS) was downgraded by research analysts at Vertical Group from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, November 6th.

GS has been the subject of several other reports. Zacks Investment Research cut Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Societe Generale set a $198.00 price objective on Goldman Sachs Group, Inc. (The) and gave the stock a “sell” rating in a research note on Thursday, October 19th. TheStreet raised Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, October 9th. Finally, Morgan Stanley upped their price target on Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $245.06.

Goldman Sachs Group, Inc. (NYSE GS) opened at $234.06 on Monday. 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 firm has a market capitalization of $90,630.21, a P/E ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 12-month low of $204.83 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period last year, the business earned $4.88 earnings per share. Goldman Sachs Group, Inc. (The)’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

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In related 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 available through this link. Also, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Insiders sold 37,344 shares of company stock worth $9,125,608 over the last ninety days. 2.57% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP boosted its holdings in Goldman Sachs Group, Inc. (The) by 223.8% in the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Goldman Sachs Group, Inc. (The) by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after acquiring an additional 4,714 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 152 shares during the period. Bank of Montreal Can boosted its holdings in Goldman Sachs Group, Inc. (The) by 33.1% during the second quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after acquiring an additional 97,532 shares during the period. Finally, Cornerstone Investment Partners LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the second quarter valued at about $42,536,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Goldman Sachs Group, Inc. (The) 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, Inc. (The) (NYSE:GS)

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