The Goldman Sachs Group (NYSE:GS) Price Target Lowered to $1,021.00 at Morgan Stanley

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price objective lowered by research analysts at Morgan Stanley from $1,078.00 to $1,021.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm currently has an “equal weight” rating on the investment management company’s stock. Morgan Stanley’s target price suggests a potential upside of 18.87% from the stock’s previous close.

A number of other analysts also recently issued reports on GS. Barclays raised their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. BMO Capital Markets increased their price target on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. UBS Group reissued a “neutral” rating and issued a $990.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, February 4th. Autonomous Res lowered their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Finally, Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $929.52.

View Our Latest Stock Report on GS

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $12.94 on Tuesday, reaching $858.93. 1,199,901 shares of the company traded hands, compared to its average volume of 2,472,586. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a 50 day moving average of $879.64 and a 200 day moving average of $849.89. The firm has a market capitalization of $253.38 billion, a PE ratio of 16.75, a PEG ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the previous year, the firm posted $11.95 EPS. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. Equities analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the transaction, the executive vice president owned 39,007 shares in the company, valued at $37,408,883.21. This trade represents a 25.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $965.33, for a total value of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares of the company’s stock, valued at $535,758,150. The trade was a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 117,283 shares of company stock valued at $112,016,033 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dagco Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $26,000. Manning & Napier Advisors LLC grew its position in shares of The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Finally, First PREMIER Bank purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $28,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

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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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