Goldman Sachs Group, Inc. (The) (GS) Receives “Hold” Rating from Royal Bank Of Canada

Goldman Sachs Group, Inc. (The) (NYSE:GS)‘s stock had its “hold” rating reissued by analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $240.00 price objective on the investment management company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 1.16% from the stock’s current price.

Other research analysts also recently issued reports about the company. downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and boosted their price objective for the company from $223.80 to $250.00 in a research note on Friday, August 11th. Buckingham Research reiterated a “neutral” rating and set a $250.00 price objective (up from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, October 18th. Wells Fargo & Company assumed coverage on Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective for the company. Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Vertical Group downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and a consensus target price of $245.06.

Shares of Goldman Sachs Group, Inc. (GS) opened at $237.24 on Wednesday. The stock has a market capitalization of $89,490.00, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 52 week low of $204.83 and a 52 week high of $255.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

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

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In other news, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold a total of 37,344 shares of company stock worth $9,125,608 in the last ninety days. 2.57% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of GS. Cibc World Markets Corp grew its position in shares of Goldman Sachs Group, Inc. (The) by 47.5% during the 1st quarter. Cibc World Markets Corp now owns 253,888 shares of the investment management company’s stock worth $58,323,000 after buying an additional 81,713 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in Goldman Sachs Group, Inc. (The) by 5.4% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 82,285 shares of the investment management company’s stock valued at $18,900,000 after purchasing an additional 4,196 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at about $392,000. Dynamic Technology Lab Private Ltd bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at about $988,000. Finally, Tredje AP fonden boosted its position in Goldman Sachs Group, Inc. (The) by 5.4% during the first quarter. Tredje AP fonden now owns 31,692 shares of the investment management company’s stock valued at $7,280,000 after purchasing an additional 1,630 shares in the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

About Goldman Sachs Group, Inc. (The)

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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