The Goldman Sachs Group (NYSE:GS) Given New $802.00 Price Target at HSBC

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price target upped by investment analysts at HSBC from $742.00 to $802.00 in a research note issued to investors on Friday,MarketScreener reports. HSBC’s price objective would suggest a potential downside of 13.71% from the company’s current price.

A number of other brokerages have also issued reports on GS. 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 report on Friday, January 16th. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley reduced their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $916.86.

Check Out Our Latest Stock Report on GS

The Goldman Sachs Group Stock Up 4.4%

GS opened at $929.47 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The firm’s fifty day moving average is $909.26 and its 200 day moving average is $815.94. The stock has a market cap of $278.78 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the prior year, the company posted $11.95 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the sale, the chief accounting officer directly owned 10,301 shares in the company, valued at $9,515,548.75. The trade was a 32.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the transaction, the treasurer owned 2,017 shares in the company, valued at approximately $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,513 shares of company stock worth $83,718,401 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently modified their holdings of GS. Planning Alternatives Ltd. ADV purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $251,000. Associated Banc Corp boosted its position in shares of The Goldman Sachs Group by 9.0% in the 4th quarter. Associated Banc Corp now owns 2,363 shares of the investment management company’s stock worth $2,077,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of The Goldman Sachs Group by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,936 shares of the investment management company’s stock worth $4,339,000 after purchasing an additional 31 shares in the last quarter. Delta Financial Advisors LLC grew its stake in The Goldman Sachs Group by 12.3% during the 4th quarter. Delta Financial Advisors LLC now owns 9,073 shares of the investment management company’s stock worth $7,976,000 after buying an additional 991 shares during the last quarter. Finally, Americana Partners LLC increased its position in The Goldman Sachs Group by 22.1% during the 4th quarter. Americana Partners LLC now owns 21,615 shares of the investment management company’s stock valued at $19,000,000 after buying an additional 3,912 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

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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