Goldman Sachs Group’s (NYSE:GS) Hold Rating Reaffirmed at Keefe, Bruyette & Woods

Goldman Sachs Group (NYSE:GS)‘s stock had its “hold” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Tuesday, January 9th.

A number of other research firms have also weighed in on GS. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. BMO Capital Markets reissued a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group in a report on Friday, October 6th. JPMorgan Chase & Co. set a $260.00 price objective on shares of Goldman Sachs Group and gave the stock a “buy” rating in a report on Friday, September 15th. Wells Fargo & Co restated an “outperform” rating and issued a $295.00 price target (up from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Finally, JMP Securities restated a “market perform” rating on shares of Goldman Sachs Group in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $254.67.

Goldman Sachs Group (NYSE GS) traded down $2.68 during trading hours on Tuesday, reaching $250.97. 4,981,900 shares of the company’s stock were exchanged, compared to its average volume of 3,519,683. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $95,190.00, a P/E ratio of 28.95, a P/E/G ratio of 0.91 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.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter last year, the firm posted $5.08 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. research analysts anticipate that Goldman Sachs Group will post 21.4 earnings per share for the current year.

In related news, insider David M. Solomon sold 12,707 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was 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 sold 97,833 shares of company stock valued at $23,309,552 over the last quarter. Corporate insiders own 2.57% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GS. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group during the 2nd quarter valued at about $101,000. Sterling Investment Advisors Ltd. raised its position in shares of Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $111,000. Gs Investments Inc. acquired a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $111,000. Finally, First Personal Financial Services raised its position in shares of Goldman Sachs Group by 230.2% in the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 366 shares during the period. 73.28% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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