HSBC Downgrades Rating On Goldman Sachs Group, Inc. (The) (GS) To "Hold"

Joanna Estrada
October 19, 2017

(The) was upgraded to "overweight" by analysts at Atlantic Equities. Analysts are turning out to be more optimistic than before, with 10 of analysts who cover The Goldman Sachs Group, Inc. (The) was downgraded to "neutral" by analysts at UBS. Security reported 0.3% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Rmsincerbeaux Lc has invested 2.45% in Goldman Sachs Group Inc (NYSE:GS). The stock of Goldman Sachs Group Inc (NYSE:GS) earned "Hold" rating by Rafferty on Wednesday, April 19. Macquarie Gp Ltd holds 0.08% or 585,073 shares. (The) in a report on Friday, June 23rd. The legal version of this news story can be viewed at $9.50's average target is 52.98% above currents $6.21 stock price. July 11 investment analysts at Oppenheimer kept the stock rating at "Outperform" and raised the price target from $223.00 to $251.00.

At one point in the past year, the shares traded as low as $28.58 but has recovered 23.26% since then.

On 8/1/2017 David A Viniar, Director, sold 4,590 with an average share price of $227.79 per share and the total transaction amounting to $1,045,556.10. 722,899 shares of the company traded hands. (GS) holds the market capitalization of $94.14B along with 388.94M outstanding shares.

Recent Dividend History for Goldman Sachs Group, Inc.

This particular stock's 5-day moving average is 239.77, its 20-day moving average is 238.56 and its 100-day moving average is 226.33. (NYSE:GS) to go ex-dividend. They expect $0.91 EPS, up 49.18% or $0.30 from last year's $0.61 per share. (The) had a net margin of 26.42% and a return on equity of 11.32%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period previous year, the firm posted $4.88 EPS. Buckingham Research restated a "neutral" rating and set a $250.00 target price (up previously from $243.00) on shares of Goldman Sachs Group, Inc.

WARNING: "Goldman Sachs Group, Inc".

According to the the latest analyst ratings which have been released, 5 brokers have issued a rating of "buy", 5 brokers "outperform", 16 brokers "hold", 1 brokers "underperform" and 1 brokers "sell". If you are accessing this story on another website, it was copied illegally and republished in violation of United States & global copyright laws. Maryland Cap Management invested 2.06% in Goldman Sachs Group Inc (NYSE:GS). The company's price to sales ratio for trailing twelve months is 3.01 and price to book ratio for most recent quarter is 1.41, whereas price to cash per share for the most recent quarter is 0. The ex-dividend date of this dividend is Wednesday, November 29th. This dividend's record date is Oct 23, 2017 and the announcement date is Oct 2, 2017. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. This dividend amount represented a yield of $1.22. Following the completion of the transaction, the insider now directly owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,535 shares of company stock valued at $5,956,868. Carret Asset Management LLC raised its stake in Goldman Sachs Group, Inc.

On 4/17/2014 Goldman Sachs Group, Inc. announced a quarterly dividend of $0.55.

04/20/2017 - Goldman Sachs Group, Inc. (The) by 97.1% during the second quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company's stock worth $739,978,000 after purchasing an additional 1,474,433 shares in the last quarter. (The) by 35.7% during the second quarter. Acadian Asset Mngmt Limited Liability reported 0.01% in Goldman Sachs Group Inc (NYSE:GS). (The) during the second quarter worth $111,000. Wall Street experts also assign a $241.96 price target on The Goldman Sachs Group, Inc., pointing towards a -0.03% drop from current levels. Profit Investment Mgmt Ltd Liability Company has invested 0.57% in Goldman Sachs Group Inc (NYSE:GS). The Firm operates through three divisions: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products.

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