Goldman Sachs Group (NYSE:GS) had its target price dropped by research analysts at BMO Capital Markets from $278.00 to $264.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 6.30% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Bank of America raised Goldman Sachs Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $245.00 to $270.00 in a report on Thursday, January 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $250.00 target price (up from $244.00) on shares of Goldman Sachs Group in a research note on Monday, November 18th. Oppenheimer decreased their price target on Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Piper Sandler increased their price objective on Goldman Sachs Group from to and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $235.00 target price on the stock in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $261.53.
Shares of GS traded up $3.14 during midday trading on Thursday, reaching $248.35. 1,946,477 shares of the stock were exchanged, compared to its average volume of 2,437,400. The business’s 50-day moving average price is $229.26 and its 200 day moving average price is $214.97. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.78. Goldman Sachs Group has a twelve month low of $180.73 and a twelve month high of $249.50. The company has a market capitalization of $86.99 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.34 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 analyst estimates of $8.56 billion. Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the company earned $6.04 earnings per share. As a group, equities research analysts expect that Goldman Sachs Group will post 21.54 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in GS. Advantage Investment Management LLC acquired a new position in Goldman Sachs Group in the 3rd quarter valued at about $29,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in Goldman Sachs Group in the 3rd quarter valued at about $32,000. Marquette Asset Management LLC lifted its holdings in shares of Goldman Sachs Group by 91.5% during the 3rd quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock worth $33,000 after acquiring an additional 75 shares during the period. NuWave Investment Management LLC lifted its holdings in shares of Goldman Sachs Group by 370.9% during the 3rd quarter. NuWave Investment Management LLC now owns 259 shares of the investment management company’s stock worth $53,000 after acquiring an additional 204 shares during the period. Finally, Quad Cities Investment Group LLC boosted its position in shares of Goldman Sachs Group by 200.0% in the third quarter. Quad Cities Investment Group LLC now owns 300 shares of the investment management company’s stock worth $62,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 69.53% of the company’s stock.
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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