Goldman Sachs Group (GS) Receives Buy Rating from JPMorgan Chase & Co.

Goldman Sachs Group (NYSE:GS)‘s stock had its “buy” rating reissued by research analysts at JPMorgan Chase & Co. in a report released on Tuesday, Borsen Zeitung reports. They currently have a $235.00 price target on the investment management company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 13.04% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Wells Fargo & Co restated a “buy” rating and set a $250.00 target price (up from $235.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 16th. Morgan Stanley cut their target price on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Barclays restated an “equal weight” rating and set a $247.00 target price (down from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Finally, BMO Capital Markets restated a “hold” rating on shares of Goldman Sachs Group in a research report on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $245.85.

NYSE:GS traded up $6.06 during mid-day trading on Tuesday, reaching $207.90. 4,087,937 shares of the company were exchanged, compared to its average volume of 3,326,281. Goldman Sachs Group has a 12 month low of $151.70 and a 12 month high of $257.02. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 2.50. The firm has a market cap of $73.32 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.29 and a beta of 1.22.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.97. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the firm earned $6.95 EPS. The company’s revenue was down 12.6% on a year-over-year basis. As a group, equities analysts predict that Goldman Sachs Group will post 22.94 earnings per share for the current fiscal year.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT raised its position in shares of Goldman Sachs Group by 2.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,881 shares of the investment management company’s stock valued at $314,000 after acquiring an additional 50 shares during the period. Wall Street Access Asset Management LLC raised its position in shares of Goldman Sachs Group by 2.9% in the 4th quarter. Wall Street Access Asset Management LLC now owns 1,818 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 51 shares during the period. Tdam USA Inc. raised its position in shares of Goldman Sachs Group by 2.1% in the 4th quarter. Tdam USA Inc. now owns 2,611 shares of the investment management company’s stock valued at $436,000 after acquiring an additional 54 shares during the period. First American Trust FSB raised its position in shares of Goldman Sachs Group by 0.3% in the 1st quarter. First American Trust FSB now owns 17,817 shares of the investment management company’s stock valued at $3,421,000 after acquiring an additional 54 shares during the period. Finally, Joel Isaacson & Co. LLC raised its position in shares of Goldman Sachs Group by 0.9% in the 1st quarter. Joel Isaacson & Co. LLC now owns 6,353 shares of the investment management company’s stock valued at $1,220,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds 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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