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The Goldman Sachs Group (NYSE:GS) Price Target Cut to $492.00 by Analysts at Oppenheimer


The Goldman Sachs Group (NYSE:GSGet Rating) had its value goal reduce by analysis analysts at Oppenheimer from $512.00 to $492.00 in a analysis report issued to purchasers and traders on Wednesday, The Fly stories. Oppenheimer’s value goal factors to a possible upside of 43.87% from the corporate’s present value.

GS has been the subject of a number of different analysis stories. Wells Fargo & Firm elevated their goal value on shares of The Goldman Sachs Group from $380.00 to $400.00 in a analysis notice on Wednesday, December 14th. Odeon Capital Group downgraded shares of The Goldman Sachs Group from a “maintain” score to a “promote” score in a analysis notice on Tuesday, September sixth. Morgan Stanley raised their value goal on shares of The Goldman Sachs Group from $341.00 to $384.00 and gave the inventory an “equal weight” score in a analysis notice on Tuesday, December sixth. JPMorgan Chase & Co. raised their value goal on shares of The Goldman Sachs Group from $385.00 to $405.00 and gave the inventory an “obese” score in a analysis notice on Tuesday, December sixth. Lastly, Keefe, Bruyette & Woods raised shares of The Goldman Sachs Group from a “market carry out” score to an “outperform” score and raised their value goal for the inventory from $395.00 to $429.00 in a analysis notice on Thursday, October sixth. Two funding analysts have rated the inventory with a promote score, 5 have given a maintain score and 9 have given a purchase score to the corporate’s inventory. In response to MarketBeat.com, The Goldman Sachs Group has a mean score of “Maintain” and a consensus goal value of $404.38.

The Goldman Sachs Group Buying and selling Down 1.0 %

Shares of GS opened at $341.97 on Wednesday. The Goldman Sachs Group has a twelve month low of $277.84 and a twelve month excessive of $412.66. The corporate has a market cap of $115.80 billion, a P/E ratio of 9.11 and a beta of 1.40. The corporate has a present ratio of 0.84, a fast ratio of 0.84 and a debt-to-equity ratio of two.21. The corporate’s fifty day easy shifting common is $359.83 and its 200-day easy shifting common is $331.43.

The Goldman Sachs Group (NYSE:GSGet Rating) final introduced its earnings outcomes on Tuesday, October 18th. The funding administration firm reported $8.25 earnings per share for the quarter, beating the consensus estimate of $7.47 by $0.78. The Goldman Sachs Group had a web margin of twenty-two.50% and a return on fairness of 13.23%. The enterprise had income of $11.98 billion for the quarter, in comparison with the consensus estimate of $11.53 billion. Throughout the identical quarter within the prior yr, the agency posted $14.93 earnings per share. The enterprise’s income for the quarter was down 12.0% on a year-over-year foundation. As a gaggle, analysts count on that The Goldman Sachs Group will publish 33.53 EPS for the present yr.

Insider Exercise

In different information, COO John E. Waldron bought 6,740 shares of the agency’s inventory in a transaction dated Tuesday, November twenty second. The shares have been bought at a mean value of $383.66, for a complete worth of $2,585,868.40. Following the sale, the chief working officer now instantly owns 83,424 shares within the firm, valued at roughly $32,006,451.84. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which could be accessed by way of this link. In associated information, main shareholder Goldman Sachs Group Inc bought 3,186,888 shares of The Goldman Sachs Group inventory in a transaction that occurred on Monday, November twenty first. The shares have been bought at a mean value of $22.56, for a complete worth of $71,896,193.28. Following the completion of the sale, the insider now instantly owns 24,826,071 shares within the firm, valued at roughly $560,076,161.76. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which could be accessed by way of the SEC website. Additionally, COO John E. Waldron bought 6,740 shares of The Goldman Sachs Group inventory in a transaction that occurred on Tuesday, November twenty second. The inventory was bought at a mean value of $383.66, for a complete transaction of $2,585,868.40. Following the completion of the sale, the chief working officer now owns 83,424 shares of the corporate’s inventory, valued at $32,006,451.84. The disclosure for this sale could be discovered here. Within the final ninety days, insiders have bought 4,847,711 shares of firm inventory price $117,408,700. Company insiders personal 0.57% of the corporate’s inventory.

Institutional Buying and selling of The Goldman Sachs Group

A lot of institutional traders have just lately purchased and bought shares of GS. Visionary Wealth Advisors boosted its stake in The Goldman Sachs Group by 2.3% within the third quarter. Visionary Wealth Advisors now owns 1,262 shares of the funding administration firm’s inventory price $370,000 after shopping for an extra 28 shares over the last quarter. Souders Monetary Advisors boosted its stake in The Goldman Sachs Group by 0.6% within the third quarter. Souders Monetary Advisors now owns 4,573 shares of the funding administration firm’s inventory price $1,340,000 after shopping for an extra 29 shares over the last quarter. Laurel Wealth Advisors Inc. boosted its stake in The Goldman Sachs Group by 1.2% within the 2nd quarter. Laurel Wealth Advisors Inc. now owns 2,558 shares of the funding administration firm’s inventory price $760,000 after shopping for an extra 30 shares over the last quarter. Telos Capital Administration Inc. lifted its stake in shares of The Goldman Sachs Group by 2.0% within the 2nd quarter. Telos Capital Administration Inc. now owns 1,592 shares of the funding administration firm’s inventory valued at $473,000 after buying an extra 31 shares within the final quarter. Lastly, Windsor Capital Administration LLC lifted its stake in shares of The Goldman Sachs Group by 1.7% within the third quarter. Windsor Capital Administration LLC now owns 1,845 shares of the funding administration firm’s inventory valued at $540,000 after buying an extra 31 shares within the final quarter. 69.09% of the inventory is presently owned by institutional traders and hedge funds.

The Goldman Sachs Group Firm Profile

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The Goldman Sachs Group, Inc, a monetary establishment, gives a variety of monetary companies for companies, monetary establishments, governments, and people worldwide. It operates by way of 4 segments: Funding Banking, World Markets, Asset Administration, and Client & Wealth Administration.

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Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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