Goldman Sachs Group Inc. (NYSE:GS) was upgraded by Rafferty Capital Markets from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $184.00 price objective on the investment management company’s stock. Rafferty Capital Markets’ price target points to a potential upside of 6.59% from the company’s current price.

Several other analysts have also recently commented on the company. Nomura reissued a “buy” rating and issued a $197.00 price target (up from $195.00) on shares of Goldman Sachs Group in a report on Tuesday, July 19th. Berenberg Bank started coverage on Goldman Sachs Group in a report on Wednesday, July 13th. They issued a “hold” rating and a $140.00 price target for the company. Vetr raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $153.68 price target for the company in a report on Tuesday, July 5th. Citigroup Inc. raised their price target on Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, October 10th. Finally, Credit Suisse Group AG raised Goldman Sachs Group to a “buy” rating in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $180.81.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Shares of Goldman Sachs Group (NYSE:GS) opened at 172.63 on Monday. The stock has a market capitalization of $73.61 billion, a PE ratio of 16.36 and a beta of 1.61. Goldman Sachs Group has a one year low of $138.20 and a one year high of $199.90. The firm has a 50-day moving average price of $167.16 and a 200 day moving average price of $160.04.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating the consensus estimate of $3.79 by $1.09. The business earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $4.51 EPS. On average, equities analysts expect that Goldman Sachs Group will post $14.25 EPS for the current fiscal year.

In related news, insider Sarah G. Smith sold 2,664 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total value of $452,880.00. Following the transaction, the insider now owns 13,075 shares in the company, valued at $2,222,750. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Edith W. Cooper sold 14,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $166.11, for a total value of $2,325,540.00. Following the completion of the transaction, the executive vice president now owns 33,634 shares in the company, valued at approximately $5,586,943.74. The disclosure for this sale can be found here. Company insiders own 2.61% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in Goldman Sachs Group during the second quarter valued at approximately $102,000. Nelson Roberts Investment Advisors LLC boosted its position in Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock valued at $105,000 after buying an additional 150 shares during the period. CKW Financial Group boosted its position in Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares during the period. Cedar Wealth Management LLC boosted its position in Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock valued at $141,000 after buying an additional 284 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock valued at $155,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 71.33% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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