The Goldman Sachs Group (NYSE:GS) Earns Market Perform Rating from JMP Securities

The Goldman Sachs Group (NYSE:GS)‘s stock had its “market perform” rating reaffirmed by stock analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $600.00 price target on the investment management company’s stock. JMP Securities’ price objective suggests a potential downside of 14.56% from the company’s current price.

Other research analysts have also issued research reports about the company. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Morgan Stanley restated an “equal weight” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. HSBC reissued 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 report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $614.00.

The Goldman Sachs Group Trading Down 1.5%

NYSE:GS opened at $702.28 on Monday. The stock has a market capitalization of $215.49 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The business’s 50-day simple moving average is $638.26 and its 200-day simple moving average is $598.28.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $25,000. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group in the first quarter valued at $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. boosted its holdings in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. 71.21% of the stock is owned by institutional investors and hedge funds.

About The Goldman Sachs Group

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.