Goldman Sachs Group (NYSE:GS)‘s stock had its “buy” rating reissued by investment analysts at Bank of America in a research note issued on Monday. They currently have a $300.00 price target on the investment management company’s stock, up from their prior price target of $249.30. Bank of America’s price objective points to a potential upside of 20.34% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research note on Tuesday, November 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Vertical Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Barclays raised their target price on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $256.75.

Shares of Goldman Sachs Group (NYSE:GS) opened at $249.30 on Monday. The firm has a market cap of $94,036.34, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. Goldman Sachs Group has a one year low of $209.62 and a one year high of $273.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $5.08 earnings per share. equities research analysts anticipate that Goldman Sachs Group will post 21.56 EPS for the current year.

In related news, insider R. Martin Chavez sold 11,829 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total transaction of $3,066,313.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,843 shares of company stock valued at $41,855,427. Corporate insiders own 2.57% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in shares of Goldman Sachs Group during the fourth quarter worth $122,000. Gs Investments Inc. purchased a new position in shares of Goldman Sachs Group during the second quarter worth $111,000. Westside Investment Management Inc. raised its holdings in shares of Goldman Sachs Group by 450.0% during the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares during the last quarter. Howe & Rusling Inc. acquired a new stake in Goldman Sachs Group during the third quarter valued at $142,000. Finally, TLP Group LLC acquired a new stake in Goldman Sachs Group during the second quarter valued at $152,000. 73.28% of the stock is owned by hedge funds and other institutional investors.

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Goldman Sachs Group Company Profile

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 (NYSE:GS)

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