Goldman Sachs Group (NYSE:GS) was upgraded by research analysts at Odeon Capital Group from a “sell” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.

A number of other equities research analysts also recently commented on the company. Barclays restated an “equal weight” rating and issued a $247.00 target price (down previously from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Societe Generale downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Morgan Stanley downgraded Goldman Sachs Group to a “sell” rating in a research report on Monday, February 4th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $239.91.

Shares of Goldman Sachs Group stock opened at $205.91 on Wednesday. Goldman Sachs Group has a one year low of $151.70 and a one year high of $256.16. The company has a market cap of $73.32 billion, a P/E ratio of 8.15, a P/E/G ratio of 1.29 and a beta of 1.22. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 2.50.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating the Zacks’ consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the business earned $6.95 earnings per share. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, research analysts predict that Goldman Sachs Group will post 22.94 earnings per share for the current year.

In related news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.41% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GS. Bank of New York Mellon Corp grew its stake in Goldman Sachs Group by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock worth $743,759,000 after purchasing an additional 53,563 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in Goldman Sachs Group during the 3rd quarter worth $292,000. Brown Brothers Harriman & Co. grew its stake in Goldman Sachs Group by 124.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,442 shares of the investment management company’s stock worth $1,445,000 after purchasing an additional 3,578 shares in the last quarter. Captrust Financial Advisors grew its stake in Goldman Sachs Group by 105.7% during the 3rd quarter. Captrust Financial Advisors now owns 2,423 shares of the investment management company’s stock worth $543,000 after purchasing an additional 1,245 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in Goldman Sachs Group during the 3rd quarter worth $6,169,000. 70.11% of the stock is owned by hedge funds and other institutional investors.

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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