Goldman Sachs Group Inc (GS) was Upgraded by Deutsche Bank to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 255 from a previous price target of $180 . Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Goldman Sachs Group Inc was Downgraded by Nomura to ” Neutral” on Nov 29, 2016. Goldman Sachs Group Inc was Upgraded by Keefe Bruyette to ” Outperform” on Nov 29, 2016. Goldman Sachs Group Inc was Downgraded by Instinet to ” Neutral” on Nov 29, 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 $209.99 and hit $212.92 on the upside on Tuesday, eventually ending the session at $211.75, with a gain of 0.98% or 2.05 points. The heightened volatility saw the trading volume jump to 25,77,591 shares. Company has a market cap of $84,202 M.
In a different news, on Nov 22, 2016, Sarah G Smith (Principal Accounting Officer) sold 218 shares at $211.46 per share price. According to the SEC, on Nov 22, 2016, Lloyd C Blankfein (Chairman of the Board and CEO) sold 2,504 shares at $211.32 per share price. On Nov 18, 2016, Michael S Sherwood (Vice Chairman) sold 42,317 shares at $206.87 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.