JMP Securities upgraded shares of Goldman Sachs Group (NYSE:GS) from a market perform rating to an outperform rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. JMP Securities currently has $290.00 target price on the investment management company’s stock.
Other equities analysts also recently issued reports about the company. Morgan Stanley restated an equal weight rating and set a $250.00 price objective (up from $244.00) on shares of Goldman Sachs Group in a research report on Monday, November 18th. Buckingham Research upgraded Goldman Sachs Group from a neutral rating to a buy rating and raised their price objective for the stock from $219.00 to $290.00 in a research report on Thursday, January 9th. Wells Fargo & Co restated an overweight rating and set a $280.00 price objective (up from $240.00) on shares of Goldman Sachs Group in a research report on Tuesday, December 17th. ValuEngine downgraded Goldman Sachs Group from a hold rating to a sell rating in a research report on Monday, November 11th. Finally, Piper Sandler raised their price objective on Goldman Sachs Group from to and gave the stock an overweight rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $261.56.
Goldman Sachs Group stock opened at $245.21 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $86.99 billion, a PE ratio of 9.70, a P/E/G ratio of 1.34 and a beta of 1.37. Goldman Sachs Group has a 12 month low of $180.73 and a 12 month high of $249.50. The stock has a 50-day moving average price of $229.26 and a two-hundred day moving average price of $214.97.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $4.69 EPS for the quarter, missing the consensus estimate of $5.24 by ($0.55). Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The firm had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $8.56 billion. During the same quarter in the prior year, the business posted $6.04 earnings per share. Goldman Sachs Group’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, analysts predict that Goldman Sachs Group will post 21.54 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GS. Vanguard Group Inc. grew its stake in Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 25,542,067 shares of the investment management company’s stock valued at $5,225,908,000 after acquiring an additional 334,260 shares during the period. Invesco Ltd. grew its stake in Goldman Sachs Group by 42.4% in the second quarter. Invesco Ltd. now owns 4,910,981 shares of the investment management company’s stock valued at $1,004,786,000 after acquiring an additional 1,463,251 shares during the period. Nuveen Asset Management LLC grew its stake in Goldman Sachs Group by 1,026.7% in the second quarter. Nuveen Asset Management LLC now owns 2,132,535 shares of the investment management company’s stock valued at $436,316,000 after acquiring an additional 1,943,266 shares during the period. UBS Asset Management Americas Inc. grew its stake in Goldman Sachs Group by 7.5% in the second quarter. UBS Asset Management Americas Inc. now owns 1,210,733 shares of the investment management company’s stock valued at $247,716,000 after acquiring an additional 84,732 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Goldman Sachs Group by 7.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,161,281 shares of the investment management company’s stock valued at $240,652,000 after acquiring an additional 85,012 shares during the period. 69.53% of the stock is owned by institutional investors and hedge funds.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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