Goldman Sachs Group (GS) – Investment Analysts’ Weekly Ratings Updates

Goldman Sachs Group (NYSE: GS) recently received a number of ratings updates from brokerages and research firms:

  • 1/8/2019 – Goldman Sachs Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Further, earnings estimates have been revised downward lately, ahead of the company's fourth quarter 2018 results. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Also, its focus on digitization initiatives bode well for long-term. Nevertheless, declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern.”
  • 1/8/2019 – Goldman Sachs Group had its price target lowered by analysts at Morgan Stanley from $226.00 to $207.00. They now have an “equal weight” rating on the stock.
  • 1/2/2019 – Goldman Sachs Group had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $247.00 price target on the stock, down previously from $289.00.
  • 12/31/2018 – Goldman Sachs Group had its “hold” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Also, its focus on digitization initiatives bode well for long-term. Nevertheless, declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern.”
  • 12/26/2018 – Goldman Sachs Group was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 12/24/2018 – Goldman Sachs Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $250.00 price target on the stock, down previously from $258.00.
  • 12/19/2018 – Goldman Sachs Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Nevertheless, declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern.”
  • 12/18/2018 – Goldman Sachs Group had its price target lowered by analysts at Wells Fargo & Co from $305.00 to $235.00. They now have an “outperform” rating on the stock.
  • 12/13/2018 – Goldman Sachs Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $198.00 price target on the stock. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern. While declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion, the launching of its online retail bank, Marcus with an aim to enter Britain’s cash savings account market will support growth.”
  • 12/12/2018 – Goldman Sachs Group was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating.
  • 12/10/2018 – Goldman Sachs Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern. While declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion, the launching of its online retail bank, Marcus with an aim to enter Britain’s cash savings account market will support growth.”
  • 12/9/2018 – Goldman Sachs Group had its price target lowered by analysts at Bank of America Corp from $280.00 to $225.00. They now have a “neutral” rating on the stock.
  • 12/7/2018 – Goldman Sachs Group had its price target lowered by analysts at Credit Suisse Group AG from $280.00 to $258.00. They now have an “outperform” rating on the stock.
  • 12/7/2018 – Goldman Sachs Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $206.00 price target on the stock. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern. While declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion, the launching of its online retail bank, Marcus with an aim to enter Britain’s cash savings account market will support growth.”
  • 12/2/2018 – Goldman Sachs Group had its price target lowered by analysts at Bank of America Corp to $280.00.
  • 11/30/2018 – Goldman Sachs Group was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $225.00 price target on the stock, down previously from $280.00.
  • 11/30/2018 – Goldman Sachs Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern. While declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion, the launching of its online retail bank, Marcus with an aim to enter Britain’s cash savings account market will support growth.”
  • 11/28/2018 – Goldman Sachs Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $218.00 price target on the stock. According to Zacks, “Shares of Goldman have underperformed the industry over the past three months. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern. While declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion, the launching of its online retail bank, Marcus with an aim to enter Britain’s cash savings account market will support growth.”
  • 11/21/2018 – Goldman Sachs Group was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $226.00 price target on the stock.
  • 11/15/2018 – Goldman Sachs Group was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

NYSE GS opened at $176.93 on Monday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 52-week low of $151.70 and a 52-week high of $275.31. The stock has a market cap of $65.64 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.59 and a beta of 1.13.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The firm had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter last year, the company posted $5.02 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Analysts predict that Goldman Sachs Group Inc will post 24.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, November 30th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.

In related news, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.71% of the company’s stock.

A number of large investors have recently made changes to their positions in GS. Meristem Family Wealth LLC lifted its position in shares of Goldman Sachs Group by 5.9% during the 3rd quarter. Meristem Family Wealth LLC now owns 1,130 shares of the investment management company’s stock valued at $253,000 after acquiring an additional 63 shares during the period. Plimoth Trust Co. LLC lifted its position in shares of Goldman Sachs Group by 3.1% during the 3rd quarter. Plimoth Trust Co. LLC now owns 2,837 shares of the investment management company’s stock valued at $636,000 after acquiring an additional 85 shares during the period. HM Payson & Co. lifted its position in shares of Goldman Sachs Group by 15.9% during the 2nd quarter. HM Payson & Co. now owns 1,551 shares of the investment management company’s stock valued at $342,000 after acquiring an additional 213 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Goldman Sachs Group by 1.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 14,452 shares of the investment management company’s stock valued at $3,188,000 after acquiring an additional 214 shares during the period. Finally, Physicians Financial Services Inc. lifted its position in shares of Goldman Sachs Group by 16.5% during the 2nd quarter. Physicians Financial Services Inc. now owns 1,515 shares of the investment management company’s stock valued at $334,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 70.83% of the company’s stock.

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