The Goldman Sachs Group (NYSE:GS) Rating Lowered to "Sell" at Wall Street Zen

The Goldman Sachs Group (NYSE:GS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

GS has been the subject of a number of other reports. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research note on Friday, April 4th. Barclays decreased their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Trading Down 1.9%

The Goldman Sachs Group stock opened at $613.07 on Friday. The stock has a market cap of $188.12 billion, a P/E ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The firm's fifty day moving average price is $568.13 and its 200-day moving average price is $583.52. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. Equities research analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of The Goldman Sachs Group

Large investors have recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group during the 1st quarter valued at about $25,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $29,000. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at about $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Finally, Godsey & Gibb Inc. boosted its position in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Company Profile

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.

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