Keefe, Bruyette & Woods Reiterates Hold Rating for Goldman Sachs (GS)

Goldman Sachs (NYSE:GS)‘s stock had its “hold” rating restated by Keefe, Bruyette & Woods in a report released on Wednesday.

Several other equities analysts have also recently commented on the stock. Credit Suisse Group boosted their price objective on shares of Goldman Sachs from $274.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday. Oppenheimer boosted their price objective on shares of Goldman Sachs from $280.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and set a $245.00 price objective (up previously from $221.00) on shares of Goldman Sachs in a research note on Wednesday. Buckingham Research boosted their price objective on shares of Goldman Sachs from $285.00 to $292.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Goldman Sachs in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $266.29.

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Shares of NYSE:GS opened at $254.17 on Wednesday. The company has a market cap of $96,491.30, a P/E ratio of 12.86, a PEG ratio of 1.01 and a beta of 1.37. Goldman Sachs has a 12 month low of $209.62 and a 12 month high of $275.31. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.92 and a quick ratio of 0.93.

Goldman Sachs (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, beating the consensus estimate of $5.58 by $1.37. The company had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Goldman Sachs had a net margin of 14.27% and a return on equity of 12.10%. Goldman Sachs’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.15 earnings per share. equities research analysts anticipate that Goldman Sachs will post 22.1 earnings per share for the current year.

In other news, EVP John F.W. Rogers sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $271.65, for a total transaction of $5,773,105.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,048 shares of company stock valued at $17,668,347. Company insiders own 2.57% of the company’s stock.

A number of large investors have recently bought and sold shares of GS. TIAA CREF Investment Management LLC raised its holdings in Goldman Sachs by 116.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock valued at $644,408,000 after buying an additional 1,360,046 shares during the last quarter. Jennison Associates LLC raised its holdings in Goldman Sachs by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after buying an additional 727,698 shares during the last quarter. Standard Life Aberdeen plc raised its holdings in Goldman Sachs by 187.6% during the 4th quarter. Standard Life Aberdeen plc now owns 737,276 shares of the investment management company’s stock valued at $187,995,000 after buying an additional 480,931 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Goldman Sachs by 102.5% during the 4th quarter. Mackenzie Financial Corp now owns 643,773 shares of the investment management company’s stock valued at $164,008,000 after buying an additional 325,782 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Goldman Sachs by 348.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 411,036 shares of the investment management company’s stock valued at $104,714,000 after buying an additional 319,286 shares during the last quarter. Institutional investors own 73.21% of the company’s stock.

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About Goldman Sachs

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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