The Goldman Sachs Group (NYSE:GS) Rating Lowered to Moderate Sell at Hsbc Global Res

The Goldman Sachs Group (NYSE:GS - Get Free Report) was downgraded by investment analysts at Hsbc Global Res from a "hold" rating to a "moderate sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Evercore ISI upped their target price on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research report on Monday, June 23rd. Finally, Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Trading Down 2.0%

GS stock opened at $696.78 on Tuesday. The Goldman Sachs Group has a 12 month low of $437.37 and a 12 month high of $726.00. The firm's 50-day moving average is $623.32 and its 200 day moving average is $593.89. The company has a market capitalization of $213.80 billion, a PE ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period last year, the company posted $11.58 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group will post 47.12 EPS for the current year.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director directly owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Several hedge funds have recently added to or reduced their stakes in GS. Deutsche Bank AG lifted its holdings in The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after acquiring an additional 138,198 shares during the period. Baxter Bros Inc. lifted its stake in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH boosted its holdings in The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after buying an additional 320 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in The Goldman Sachs Group during the first quarter valued at $321,000. Finally, Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group in the first quarter valued at $1,643,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.