Goldman Sachs Group Inc (GS) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 170 from a previous price target of $160 . RBC Capital Mkts advised their investors in a research report released on Oct 19, 2016.
Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Goldman Sachs Group Inc was Upgraded by Rafferty to ” Buy” on Oct 17, 2016.
On the company’s financial health, Goldman Sachs Group Inc reported $4.88 EPS for the quarter, beating the analyst consensus estimate by $ 1.05 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $3.83. The company had revenue of $8168.00 million for the quarter, compared to analysts expectations of $7406.94 million. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.
Goldman Sachs Group Inc opened for trading at $171.6 and hit $172.95 on the upside on Friday, eventually ending the session at $170.52, with a gain of 1.85% or 3.1 points. The heightened volatility saw the trading volume jump to 52,82,325 shares. Company has a market cap of $69,139 M.
In a different news, on Sep 2, 2016, Sarah G Smith (Principal Accounting Officer) sold 2,664 shares at $170.00 per share price. According to the SEC, on Aug 30, 2016, Edith W Cooper (EVP, Global Head of HCM) sold 14,000 shares at $166.44 per share price. On Nov 25, 2015, Gary D Cohn (President and COO) sold 39,290 shares at $189.15 per share price, according to the Form-4 filing with the securities and exchange commission.
The Goldman Sachs Group Inc. is a bank holding company and a financial holding company. The Company is a global investment banking securities and investment management company that provides a range of financial services to a diversified client base that include corporations financial institutions Governments and individuals. The Company has four business segments. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income equity currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes primarily debt securities and loans public and private equity securities and real estate. Its investment management segment provides investment and wealth advisory services.