The Goldman Sachs Group (NYSE:GS) Price Target Cut to $443.00 by Analysts at BMO Capital Markets

The Goldman Sachs Group (NYSE:GSGet Rating) had its price objective reduced by stock analysts at BMO Capital Markets from $485.00 to $443.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the investment management company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 26.30% from the stock’s current price.

Several other brokerages have also commented on GS. Keefe, Bruyette & Woods raised The Goldman Sachs Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $395.00 to $429.00 in a research note on Thursday, October 6th. Barclays upped their target price on The Goldman Sachs Group from $410.00 to $495.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $385.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 6th. Oppenheimer dropped their price objective on The Goldman Sachs Group from $512.00 to $492.00 and set an “outperform” rating for the company in a research note on Wednesday, December 28th. Finally, Atlantic Securities downgraded The Goldman Sachs Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $330.00 to $290.00 in a research report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $396.83.

The Goldman Sachs Group Trading Up 0.5 %

Shares of NYSE GS opened at $350.75 on Wednesday. The business has a fifty day moving average price of $363.02 and a 200 day moving average price of $338.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.84 and a quick ratio of 0.84. The Goldman Sachs Group has a 1-year low of $277.84 and a 1-year high of $389.58. The stock has a market capitalization of $118.78 billion, a P/E ratio of 9.34 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings data on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing analysts’ consensus estimates of $5.77 by ($2.45). The firm had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.91 billion. The Goldman Sachs Group had a net margin of 22.50% and a return on equity of 13.23%. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $10.81 earnings per share. Equities research analysts expect that The Goldman Sachs Group will post 31.98 EPS for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In related news, insider Ericka T. Leslie sold 215 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $380.00, for a total value of $81,700.00. Following the completion of the sale, the insider now directly owns 8,190 shares of the company’s stock, valued at $3,112,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 215 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $380.00, for a total value of $81,700.00. Following the completion of the transaction, the insider now directly owns 8,190 shares in the company, valued at $3,112,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Solomon sold 7,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $341.16, for a total value of $2,524,584.00. Following the completion of the transaction, the chief executive officer now owns 115,019 shares of the company’s stock, valued at $39,239,882.04. The disclosure for this sale can be found here. Insiders sold a total of 4,847,711 shares of company stock valued at $117,408,700 over the last three months. 0.57% of the stock is owned by insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of The Goldman Sachs Group by 1.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 9,478,109 shares of the investment management company’s stock worth $2,786,361,000 after buying an additional 126,277 shares during the period. Dodge & Cox lifted its position in The Goldman Sachs Group by 0.5% in the second quarter. Dodge & Cox now owns 7,708,324 shares of the investment management company’s stock worth $2,289,526,000 after purchasing an additional 37,015 shares during the period. Bank of New York Mellon Corp lifted its position in The Goldman Sachs Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after purchasing an additional 52,016 shares during the period. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 44.3% in the third quarter. Fisher Asset Management LLC now owns 4,743,628 shares of the investment management company’s stock worth $1,390,120,000 after purchasing an additional 1,456,801 shares during the period. Finally, Jennison Associates LLC lifted its position in The Goldman Sachs Group by 0.4% in the second quarter. Jennison Associates LLC now owns 2,933,518 shares of the investment management company’s stock worth $871,314,000 after purchasing an additional 12,151 shares during the period. 69.09% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile

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The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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