Goldman Sachs Group (NYSE:GS) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $260.00 to $255.00 in a research report issued to clients and investors on Wednesday, July 18th, MarketBeat reports. The brokerage presently has a “hold” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.06% from the company’s previous close.

GS has been the topic of several other research reports. Wells Fargo & Co set a $330.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Sunday, April 8th. ValuEngine lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Sanford C. Bernstein started coverage on shares of Goldman Sachs Group in a research note on Monday, April 9th. They set an “outperform” rating and a $300.00 price target on the stock. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $280.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $272.18.

GS stock traded down $4.17 on Wednesday, hitting $229.61. 3,862,406 shares of the company’s stock traded hands, compared to its average volume of 3,140,587. Goldman Sachs Group has a 1-year low of $214.64 and a 1-year high of $275.31. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.90 and a quick ratio of 0.92. The firm has a market cap of $89.24 billion, a PE ratio of 11.62, a P/E/G ratio of 0.75 and a beta of 1.31.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.66 by $1.32. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.74 billion. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.95 earnings per share. sell-side analysts expect that Goldman Sachs Group will post 24.98 earnings per share for the current year.

In related news, insider David M. Solomon sold 8,488 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David M. Solomon sold 8,382 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total transaction of $1,945,294.56. The disclosure for this sale can be found here. Insiders sold a total of 20,367 shares of company stock worth $4,819,426 in the last ninety days. Insiders own 2.57% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Goldman Sachs Group by 3.5% during the first quarter. The Manufacturers Life Insurance Company now owns 3,519,529 shares of the investment management company’s stock worth $886,429,000 after buying an additional 118,249 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Goldman Sachs Group by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 3,263,236 shares of the investment management company’s stock valued at $719,772,000 after purchasing an additional 175,540 shares during the last quarter. Boston Partners increased its holdings in shares of Goldman Sachs Group by 3.5% in the second quarter. Boston Partners now owns 3,105,353 shares of the investment management company’s stock valued at $684,948,000 after purchasing an additional 103,613 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Goldman Sachs Group by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,738,522 shares of the investment management company’s stock valued at $604,097,000 after purchasing an additional 172,940 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of Goldman Sachs Group by 9.2% in the first quarter. OppenheimerFunds Inc. now owns 1,981,020 shares of the investment management company’s stock valued at $498,940,000 after purchasing an additional 166,434 shares during the last quarter. Institutional investors own 72.60% of the company’s stock.

About Goldman Sachs Group

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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