HSBC Holdings plc Analysts Give Goldman Sachs Group, Inc. (The) (NYSE:GS) a $238.00 Price Target

Goldman Sachs Group, Inc. (The) (NYSE:GS) has been assigned a $238.00 target price by research analysts at HSBC Holdings plc in a report released on Friday. The firm currently has a “neutral” rating on the investment management company’s stock. HSBC Holdings plc’s target price suggests a potential upside of 5.54% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday. They set an “outperform” rating and a $265.00 price objective on the stock. BidaskClub raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. UBS Group AG cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $220.19 to $230.00 in a research note on Monday, July 24th. Berenberg Bank reaffirmed a “sell” rating and set a $190.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. upped their price objective on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $234.96.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 225.50 on Friday. The company has a market cap of $87.54 billion, a PE ratio of 11.82 and a beta of 1.42. The stock’s 50 day moving average price is $224.93 and its 200-day moving average price is $229.79. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.72 earnings per share. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current year.

Goldman Sachs Group, Inc. (The) announced that its board has authorized a stock buyback program on Tuesday, April 18th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the investment management company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the sale, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Viniar sold 4,590 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,535 shares of company stock worth $5,956,868. Company insiders own 2.57% of the company’s stock.

A number of large investors have recently bought and sold shares of GS. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Goldman Sachs Group, Inc. (The) during the second quarter valued at $101,000. WealthTrust Arizona LLC raised its stake in Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Sterling Investment Advisors Ltd. raised its stake in Goldman Sachs Group, Inc. (The) by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Goldman Sachs Group, Inc. (The) during the second quarter valued at $111,000. Finally, First Personal Financial Services raised its stake in shares of Goldman Sachs Group, Inc. (The) by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after buying an additional 366 shares during the last quarter. Institutional investors own 73.72% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Analyst Recommendations for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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