The Goldman Sachs Group (NYSE:GS) Price Target Lowered to $891.00 at Daiwa Securities Group

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price objective reduced by equities research analysts at Daiwa Securities Group from $940.00 to $891.00 in a research report issued on Tuesday,MarketScreener reports. The firm currently has a “neutral” rating on the investment management company’s stock. Daiwa Securities Group’s price objective indicates a potential upside of 3.97% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Evercore decreased their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research report on Monday. Jefferies Financial Group cut their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. BNP Paribas Exane lifted their price objective on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Barclays upped their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $927.10.

Get Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $857.01 on Tuesday. The Goldman Sachs Group has a 1 year low of $447.11 and a 1 year high of $984.70. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50 day moving average price of $873.60 and a 200 day moving average price of $851.88. The company has a market cap of $252.81 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.13 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the business earned $11.95 EPS. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the sale, the chief executive officer directly owned 125,527 shares of the company’s stock, valued at $117,859,810.84. This trade represents a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the transaction, the executive vice president owned 39,007 shares in the company, valued at $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Several hedge funds have recently bought and sold shares of the business. Dagco Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC increased its stake in The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after buying an additional 23 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $26,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $29,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group News Roundup

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About The Goldman Sachs Group

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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