Goldman Sachs Group (NYSE:GS) released its quarterly earnings results on Wednesday. The investment management company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.78, Bloomberg Earnings reports. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $5.08 earnings per share.

Goldman Sachs Group (NYSE:GS) opened at $253.65 on Thursday. Goldman Sachs Group has a fifty-two week low of $209.62 and a fifty-two week high of $262.14. The firm has a market capitalization of $95,680.00, a price-to-earnings ratio of 29.26, a P/E/G ratio of 0.94 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Several research firms have recently issued reports on GS. Credit Suisse Group cut Goldman Sachs Group from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Vining Sparks restated a “hold” rating and set a $270.00 price objective on shares of Goldman Sachs Group in a report on Monday, January 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Thursday, October 19th. BMO Capital Markets raised their price objective on Goldman Sachs Group from $202.00 to $217.00 and gave the stock a “market perform” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $251.06.

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 stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David M. Solomon sold 12,707 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders sold 130,226 shares of company stock worth $31,247,168 in the last quarter. 2.57% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of GS. Geller Family Office Services LLC increased its position in shares of Goldman Sachs Group by 0.3% during the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after acquiring an additional 3 shares during the last quarter. Hudock Capital Group LLC increased its position in shares of Goldman Sachs Group by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after acquiring an additional 4 shares during the last quarter. FTB Advisors Inc. increased its position in shares of Goldman Sachs Group by 0.3% during the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after acquiring an additional 5 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Goldman Sachs Group by 0.4% during the second quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after acquiring an additional 7 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Goldman Sachs Group by 0.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,245 shares of the investment management company’s stock worth $720,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 73.28% 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.

Earnings History for Goldman Sachs Group (NYSE:GS)

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