Citizens Jmp Reaffirms “Market Perform” Rating for The Goldman Sachs Group (NYSE:GS)

The Goldman Sachs Group (NYSE:GS)‘s stock had its “market perform” rating restated by equities research analysts at Citizens Jmp in a research report issued on Monday, MarketBeat Ratings reports.

Several other equities research analysts have also issued reports on the company. JMP Securities lowered their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Barclays cut their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. HSBC restated a “reduce” rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Finally, Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $614.00.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $702.28 on Monday. The business’s 50-day simple moving average is $638.26 and its two-hundred day simple moving average is $598.28. The stock has a market cap of $215.49 billion, a PE ratio of 16.30, a P/E/G ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group has a 52 week low of $437.37 and a 52 week high of $726.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the previous year, the firm posted $11.58 EPS. As a group, analysts forecast that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ridgewood Investments LLC raised its holdings in The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 17 shares during the last quarter. Bank of Stockton increased its holdings in The Goldman Sachs Group by 0.7% in the 2nd quarter. Bank of Stockton now owns 2,485 shares of the investment management company’s stock valued at $1,759,000 after purchasing an additional 17 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock valued at $950,000 after buying an additional 18 shares during the period. King Wealth Management Group lifted its position in shares of The Goldman Sachs Group by 1.8% during the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company’s stock worth $593,000 after purchasing an additional 19 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC lifted its holdings in The Goldman Sachs Group by 0.9% during the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company’s stock worth $1,104,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.