Analysts at Wolfe Research started coverage on shares of Goldman Sachs Group (NYSE:GS) in a report released on Tuesday, The Fly reports. The brokerage set an “outperform” rating on the investment management company’s stock.

A number of other research firms have also recently weighed in on GS. Wells Fargo & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research report on Thursday, September 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $280.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, June 12th. Keefe, Bruyette & Woods decreased their price objective on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research report on Wednesday, July 18th. Credit Suisse Group raised Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 17th. Finally, Oppenheimer increased their price objective on Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $273.69.

Shares of NYSE GS traded up $0.46 during trading hours on Tuesday, reaching $233.36. The stock had a trading volume of 22,776 shares, compared to its average volume of 2,477,716. Goldman Sachs Group has a fifty-two week low of $218.89 and a fifty-two week high of $275.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.02. The stock has a market cap of $88.85 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.75 and a beta of 1.28.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.32. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The company had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same period last year, the firm earned $3.95 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. sell-side analysts anticipate that Goldman Sachs Group will post 24.83 earnings per share for the current year.

In other news, insider David M. Solomon sold 8,488 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total transaction of $2,019,464.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 8,382 shares of the stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total value of $1,945,294.56. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Several hedge funds have recently modified their holdings of GS. Nvwm LLC increased its position in Goldman Sachs Group by 4.8% during the first quarter. Nvwm LLC now owns 4,581 shares of the investment management company’s stock worth $1,133,000 after buying an additional 211 shares in the last quarter. HM Payson & Co. increased its position in Goldman Sachs Group by 15.9% during the second quarter. HM Payson & Co. now owns 1,551 shares of the investment management company’s stock worth $342,000 after buying an additional 213 shares in the last quarter. Advisors Asset Management Inc. increased its position in Goldman Sachs Group by 1.5% during the second quarter. Advisors Asset Management Inc. now owns 14,452 shares of the investment management company’s stock worth $3,188,000 after buying an additional 214 shares in the last quarter. Physicians Financial Services Inc. increased its position in Goldman Sachs Group by 16.5% during the second quarter. Physicians Financial Services Inc. now owns 1,515 shares of the investment management company’s stock worth $334,000 after buying an additional 215 shares in the last quarter. Finally, AJ Wealth Strategies LLC increased its position in Goldman Sachs Group by 2.2% during the second quarter. AJ Wealth Strategies LLC now owns 10,218 shares of the investment management company’s stock worth $2,260,000 after buying an additional 221 shares in the last quarter. 70.95% 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 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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Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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