Daiwa Securities Group Lowers The Goldman Sachs Group (NYSE:GS) Price Target to $891.00

The Goldman Sachs Group (NYSE:GSGet Free Report) had its target price cut by equities research analysts at Daiwa Securities Group from $940.00 to $891.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the investment management company’s stock. Daiwa Securities Group’s price objective would indicate a potential upside of 3.97% from the company’s previous close.

A number of other brokerages also recently weighed in on GS. HSBC reduced their price target on shares of The Goldman Sachs Group from $802.00 to $729.00 in a report on Wednesday, April 1st. Argus increased their target price on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Rothschild & Co Redburn lowered their price target on The Goldman Sachs Group from $843.00 to $839.00 and set a “neutral” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. upped 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. Finally, Autonomous Res decreased 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 report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $927.10.

View Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Down 1.0%

Shares of The Goldman Sachs Group stock opened at $857.01 on Tuesday. The Goldman Sachs Group has a 12-month low of $447.11 and a 12-month high of $984.70. The stock has a market capitalization of $252.81 billion, a P/E ratio of 16.68, a PEG ratio of 1.13 and a beta of 1.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The stock has a 50 day moving average price of $873.60 and a two-hundred day moving average price of $851.88.

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, 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 business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the previous year, the company earned $11.95 earnings per share. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the transaction, the treasurer directly owned 2,017 shares in the company, valued at approximately $1,870,101.89. This trade represents a 58.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the transaction, the chief executive officer directly owned 125,527 shares in the company, valued at approximately $117,859,810.84. The trade was a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GS. Brighton Jones LLC increased its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares during the last quarter. Sivia Capital Partners LLC raised its position in The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after buying an additional 735 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after acquiring an additional 70 shares in the last quarter. Finally, StoneX Group Inc. boosted its position in The Goldman Sachs Group by 3.9% during the 2nd quarter. StoneX Group Inc. now owns 613 shares of the investment management company’s stock worth $434,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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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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