Rothschild & Co Redburn Issues Pessimistic Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price target cut by investment analysts at Rothschild & Co Redburn from $843.00 to $839.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the investment management company’s stock. Rothschild & Co Redburn’s price objective would indicate a potential downside of 2.10% from the company’s current price.

Other analysts have also recently issued research reports about the company. BMO Capital Markets lowered their price objective on The Goldman Sachs Group from $985.00 to $905.00 and set a “market perform” rating for the company in a research report on Monday. Daiwa Securities Group upped their target price on The Goldman Sachs Group from $927.00 to $940.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Barclays boosted their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. BNP Paribas Exane increased their price objective on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $927.10.

Get Our Latest Stock Report on GS

The Goldman Sachs Group Trading Down 1.0%

NYSE GS opened at $857.01 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm has a market cap of $252.81 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. The company has a 50 day moving average price of $873.60 and a 200 day moving average price of $851.88. The Goldman Sachs Group has a 52 week low of $447.11 and a 52 week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the firm earned $11.95 earnings per share. The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Denis P. Coleman sold 11,623 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This represents a 28.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 45,000 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,283 shares of company stock worth $112,016,033 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GS. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $25,000. Harbor Capital Advisors Inc. purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC boosted its position in The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Finally, First PREMIER Bank acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting The Goldman Sachs Group

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The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

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