The Goldman Sachs Group's (GS) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• Goldman Sachs received a "Hold (C+)" rating from Weiss Ratings, reiterating cautious sentiment among analysts.
• The stock currently has a consensus rating of "Hold" with an average price target of $727.31, reflecting a mix of analyst assessments.
• Insider trading reports indicate significant stock sales by executives, with COO John E. Waldron and CEO David M. Solomon decreasing their ownership percentages.

The Goldman Sachs Group (NYSE:GS - Get Free Report)'s stock had its "hold (c+)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently issued reports on GS. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. HSBC upped their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. UBS Group upped their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a "neutral" rating in a report on Tuesday. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $727.31.

The Goldman Sachs Group Trading Down 1.5%

NYSE GS opened at $777.49 on Wednesday. The company's fifty day simple moving average is $758.55 and its 200-day simple moving average is $659.72. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $825.25. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The stock has a market cap of $235.36 billion, a P/E ratio of 17.13, a PEG ratio of 1.49 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the previous year, the company posted $8.62 earnings per share. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the transaction, the chief operating officer directly owned 106,268 shares of the company's stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC raised its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company's stock worth $303,000 after buying an additional 14 shares in the last quarter. KPP Advisory Services LLC raised its position in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company's stock worth $473,000 after buying an additional 14 shares in the last quarter. Avion Wealth raised its position in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company's stock worth $41,000 after buying an additional 14 shares in the last quarter. FAS Wealth Partners Inc. raised its position in shares of The Goldman Sachs Group by 2.2% in the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company's stock worth $462,000 after buying an additional 14 shares in the last quarter. Finally, Ignite Planners LLC raised its position in shares of The Goldman Sachs Group by 4.2% in the third quarter. Ignite Planners LLC now owns 351 shares of the investment management company's stock worth $280,000 after buying an additional 14 shares in the last quarter. 71.21% of the stock is owned by 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.

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