The Goldman Sachs Group (NYSE:GS) Price Target Lowered to $729.00 at HSBC

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price objective cut by investment analysts at HSBC from $802.00 to $729.00 in a note issued to investors on Wednesday,MarketScreener reports. HSBC’s target price would indicate a potential downside of 15.13% from the company’s previous close.

Several other equities analysts also recently issued reports on GS. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 20th. Jefferies Financial Group raised their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada lifted their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Daiwa Securities Group boosted their price target on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $815.00 to $826.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $929.52.

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The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $12.94 during trading on Wednesday, hitting $858.93. 1,199,901 shares of the stock were exchanged, compared to its average volume of 2,472,586. The stock’s fifty day moving average is $879.64 and its 200 day moving average is $849.89. The stock has a market cap of $253.38 billion, a PE ratio of 16.75, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The Goldman Sachs Group has a 12 month low of $439.38 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the firm posted $11.95 EPS. The Goldman Sachs Group’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group will post 47.12 EPS for the current year.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,092 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the sale, the chief executive officer owned 125,527 shares of the company’s stock, valued at approximately $117,859,810.84. This trade represents a 0.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 over the last three months. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $25,000. Harbor Capital Advisors Inc. bought a new stake in The Goldman Sachs Group during the third quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC grew its position in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. Finally, First PREMIER Bank acquired a new position in The Goldman Sachs Group in the third quarter worth approximately $28,000. 71.21% of the stock is currently owned by institutional investors.

Key Stories 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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