Goldman Sachs Group (NYSE:GS) Hits New 12-Month High at $247.57

Goldman Sachs Group Inc (NYSE:GS)’s share price reached a new 52-week high on Tuesday . The company traded as high as $247.57 and last traded at $245.98, with a volume of 37181 shares traded. The stock had previously closed at $245.21.

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Goldman Sachs Group from $273.00 to $278.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. DA Davidson assumed coverage on shares of Goldman Sachs Group in a research report on Wednesday, January 8th. They set a “buy” rating and a $272.00 target price for the company. Morgan Stanley reissued an “equal weight” rating and set a $250.00 target price (up previously from $244.00) on shares of Goldman Sachs Group in a research report on Monday, November 18th. Finally, Piper Sandler boosted their target price on shares of Goldman Sachs Group from to and gave the stock an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $261.56.

The stock’s 50-day moving average price is $228.34 and its 200 day moving average price is $214.50. The firm has a market cap of $85.73 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.68.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $4.79 EPS for the quarter, missing the Zacks’ consensus estimate of $5.03 by ($0.24). The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.33 billion. Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $6.28 EPS. On average, research analysts predict that Goldman Sachs Group Inc will post 21.49 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advantage Investment Management LLC bought a new stake in Goldman Sachs Group in the third quarter valued at about $29,000. B & T Capital Management DBA Alpha Capital Management bought a new stake in Goldman Sachs Group in the third quarter valued at about $32,000. Marquette Asset Management LLC increased its stake in Goldman Sachs Group by 91.5% in the third quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 75 shares during the period. Pathstone Family Office LLC increased its stake in Goldman Sachs Group by 2,900.0% in the second quarter. Pathstone Family Office LLC now owns 180 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 174 shares during the period. Finally, NuWave Investment Management LLC increased its stake in Goldman Sachs Group by 370.9% in the third quarter. NuWave Investment Management LLC now owns 259 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 204 shares during the period. 69.53% of the stock is owned by institutional investors and hedge funds.

About Goldman Sachs Group (NYSE:GS)

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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