Goldman Sachs Group (GS) Upgraded by Vetr to “Hold”
Goldman Sachs Group (NYSE:GS) was upgraded by equities researchers at Vetr from a “sell” rating to a “hold” rating in a research note issued on Thursday. The firm presently has a $246.36 target price on the investment management company’s stock. Vetr‘s price objective suggests a potential downside of 1.18% from the stock’s previous close.
GS has been the topic of several other research reports. Instinet restated an “outperform” rating and set a $225.00 price objective (down previously from $238.00) on shares of Goldman Sachs Group in a research report on Thursday, January 4th. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Vining Sparks restated a “hold” rating and set a $270.00 price objective on shares of Goldman Sachs Group in a research report on Monday, January 8th. Barclays raised their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 price objective on shares of Goldman Sachs Group and gave the company a “sell” rating in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $256.75.
Goldman Sachs Group (NYSE:GS) opened at $249.30 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market cap of $94,040.00, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.37. Goldman Sachs Group has a fifty-two week low of $209.62 and a fifty-two week high of $273.79.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were 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 170,243 shares of company stock worth $42,427,803 in the last 90 days. Corporate insiders own 2.57% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Northwest Quadrant Wealth Management LLC purchased a new position in shares of Goldman Sachs Group in the second quarter valued at about $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Goldman Sachs Group in the second quarter valued at about $101,000. Cerebellum GP LLC purchased a new position in shares of Goldman Sachs Group in the fourth quarter valued at about $122,000. Gs Investments Inc. purchased a new position in shares of Goldman Sachs Group in the second quarter valued at about $111,000. Finally, Westside Investment Management Inc. increased its position in shares of Goldman Sachs Group by 450.0% in the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 73.52% of the company’s stock.
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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.
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