The Goldman Sachs Group (NYSE:GS) Earns Neutral Rating from UBS Group

The Goldman Sachs Group (NYSE:GS)‘s stock had its “neutral” rating reiterated by UBS Group in a research report issued on Monday, MarketBeat.com reports. They currently have a $610.00 target price on the investment management company’s stock. UBS Group’s price objective indicates a potential upside of 5.15% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Bank of America boosted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Citigroup boosted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $569.31.

The Goldman Sachs Group Trading Down 0.6 %

NYSE:GS opened at $580.10 on Monday. The Goldman Sachs Group has a 12 month low of $372.07 and a 12 month high of $612.73. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $182.10 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 0.85 and a beta of 1.38. The company’s 50 day moving average is $580.58 and its 200-day moving average is $523.49.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period last year, the firm earned $5.47 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group will post 37.06 EPS for the current year.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,940 shares of company stock valued at $13,717,979 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds have recently made changes to their positions in the company. Procyon Advisors LLC lifted its position in The Goldman Sachs Group by 5.5% during the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 43 shares during the period. Brookstone Capital Management lifted its position in shares of The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after buying an additional 761 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $5,529,000. Principal Financial Group Inc. increased its stake in The Goldman Sachs Group by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company’s stock worth $180,357,000 after buying an additional 7,644 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.