Goldman Sachs Group (NYSE:GS)‘s stock had its “hold” rating restated by analysts at Bank of America in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They currently have a $212.00 target price on the investment management company’s stock. Bank of America‘s price objective would suggest a potential upside of 5.22% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Oppenheimer lifted their price objective on Goldman Sachs Group from $257.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, January 17th. Societe Generale cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $250.00 price objective (down from $258.00) on shares of Goldman Sachs Group in a research note on Monday, December 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $250.08.

Shares of NYSE GS traded down $6.35 during midday trading on Monday, hitting $201.49. The stock had a trading volume of 3,102,315 shares, compared to its average volume of 3,072,185. The stock has a market capitalization of $74.39 billion, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.22. Goldman Sachs Group has a fifty-two week low of $151.70 and a fifty-two week high of $262.50. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.92 and a current ratio of 0.92.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.15 by $0.89. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned $5.68 EPS. Equities research analysts forecast that Goldman Sachs Group will post 23.05 earnings per share for the current fiscal year.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of GS. Belpointe Asset Management LLC raised its holdings in Goldman Sachs Group by 10.6% during the fourth quarter. Belpointe Asset Management LLC now owns 3,465 shares of the investment management company’s stock worth $579,000 after acquiring an additional 333 shares in the last quarter. Legal & General Group Plc raised its holdings in Goldman Sachs Group by 6.8% during the fourth quarter. Legal & General Group Plc now owns 1,739,119 shares of the investment management company’s stock worth $290,444,000 after acquiring an additional 110,588 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in Goldman Sachs Group by 29.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock worth $32,466,000 after acquiring an additional 45,206 shares in the last quarter. Morgan Stanley raised its holdings in Goldman Sachs Group by 1.7% during the third quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after acquiring an additional 52,899 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. raised its holdings in Goldman Sachs Group by 9.7% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock worth $111,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 70.11% of the company’s stock.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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