Goldman Sachs Group (NYSE:GS) posted its quarterly earnings data on Wednesday. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.14 by $0.54, Bloomberg Earnings reports. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the prior year, the business earned $5.08 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year.

Goldman Sachs Group (NYSE:GS) opened at $258.46 on Wednesday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $97,490.00, a price-to-earnings ratio of 13.43, a PEG ratio of 0.94 and a beta of 1.47. Goldman Sachs Group has a 12 month low of $209.62 and a 12 month high of $262.14.

In related news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 130,226 shares of company stock worth $31,247,168. 2.57% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of GS. National Pension Service increased its holdings in Goldman Sachs Group by 1.2% during the 4th quarter. National Pension Service now owns 293,022 shares of the investment management company’s stock worth $74,650,000 after purchasing an additional 3,499 shares in the last quarter. Asset Dedication LLC increased its holdings in Goldman Sachs Group by 17.6% during the 4th quarter. Asset Dedication LLC now owns 2,794 shares of the investment management company’s stock worth $714,000 after purchasing an additional 419 shares in the last quarter. E&G Advisors LP increased its holdings in Goldman Sachs Group by 62.5% during the 4th quarter. E&G Advisors LP now owns 6,501 shares of the investment management company’s stock worth $1,656,000 after purchasing an additional 2,501 shares in the last quarter. Bank of Montreal Can increased its holdings in Goldman Sachs Group by 7.3% during the 4th quarter. Bank of Montreal Can now owns 428,705 shares of the investment management company’s stock worth $109,216,000 after purchasing an additional 29,244 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Goldman Sachs Group by 5.7% during the 4th quarter. Private Trust Co. NA now owns 5,605 shares of the investment management company’s stock worth $1,427,000 after purchasing an additional 301 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors and hedge funds.

GS has been the topic of several research reports. Credit Suisse Group downgraded Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped 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 reaffirmed 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 reaffirmed 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 upped 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 downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued 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 an average target price of $250.89.

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About Goldman Sachs Group

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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