The Goldman Sachs Group (NYSE:GS) Stock Rating Reaffirmed by JMP Securities

The Goldman Sachs Group (NYSE:GS – Get Rating)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a research note issued to investors on Monday, Benzinga reports. They presently have a $470.00 target price on the investment management company’s stock. JMP Securities’ price target suggests a potential upside of 45.89% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Wolfe Research downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 4th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $441.00 to $463.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Bank of America increased their price objective on shares of The Goldman Sachs Group from $384.00 to $425.00 in a research note on Thursday, March 9th. Barclays increased their target price on shares of The Goldman Sachs Group from $410.00 to $495.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Finally, BMO Capital Markets dropped their target price on shares of The Goldman Sachs Group from $485.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $399.24.

The Goldman Sachs Group Trading Up 2.1 %

GS stock opened at $322.15 on Monday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day simple moving average is $357.48 and its 200 day simple moving average is $347.03. The Goldman Sachs Group has a 52 week low of $277.84 and a 52 week high of $389.58. The company has a market capitalization of $108.06 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing the consensus estimate of $5.25 by ($1.93). The business had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The company’s revenue was down 16.2% on a year-over-year basis. During the same quarter last year, the company posted $10.81 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group will post 33.14 earnings per share for the current year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $10.58, for a total transaction of $39,664.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of hedge funds have recently made changes to their positions in GS. Price T Rowe Associates Inc. MD raised its stake in The Goldman Sachs Group by 1.4% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 9,478,109 shares of the investment management company’s stock valued at $2,786,361,000 after acquiring an additional 126,277 shares during the period. Dodge & Cox raised its stake in The Goldman Sachs Group by 0.5% in the 2nd quarter. Dodge & Cox now owns 7,708,324 shares of the investment management company’s stock valued at $2,289,526,000 after acquiring an additional 37,015 shares during the period. Morgan Stanley raised its stake in The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after acquiring an additional 1,696,350 shares during the period. Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 4,900,431 shares of the investment management company’s stock valued at $1,682,710,000 after acquiring an additional 156,803 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in The Goldman Sachs Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after acquiring an additional 52,016 shares during the period. 69.09% of the stock is currently owned by institutional investors.

About The Goldman Sachs Group

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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.