Goldman Sachs Group (NYSE:GS) had its target price upped by Oppenheimer from $301.00 to $313.00 in a report released on Thursday morning. Oppenheimer currently has an outperform rating on the investment management company’s stock. Oppenheimer also issued estimates for Goldman Sachs Group’s Q1 2018 earnings at $5.34 EPS, Q2 2018 earnings at $4.72 EPS, Q3 2018 earnings at $5.25 EPS and Q4 2018 earnings at $5.85 EPS.
Several other research analysts also recently commented on GS. BMO Capital Markets decreased their price objective on Goldman Sachs Group to $221.00 and set a market perform rating on the stock in a research note on Thursday. Buckingham Research reaffirmed a neutral rating and issued a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, October 18th. Royal Bank of Canada raised their price objective on Goldman Sachs Group to $265.00 and gave the stock a sector perform rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated a hold rating on shares of Goldman Sachs Group in a research report on Tuesday, January 9th. Finally, Citigroup reiterated a neutral rating and set a $250.00 target price (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $254.67.
Goldman Sachs Group (GS) traded up $5.11 during midday trading on Thursday, hitting $256.12. The stock had a trading volume of 4,640,000 shares, compared to its average volume of 3,000,000. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 1 year low of $209.62 and a 1 year high of $262.14. The company has a market capitalization of $96,610.00, a P/E ratio of 29.54, a P/E/G ratio of 0.93 and a beta of 1.47.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter last year, the company earned $5.08 earnings per share. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. analysts forecast that Goldman Sachs Group will post 21.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is presently 34.60%.
In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total value of $4,956,873.72. The disclosure for this sale can be found here. Insiders have sold a total of 97,833 shares of company stock valued at $23,309,552 in the last 90 days. 2.57% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. purchased a new position in shares of Goldman Sachs Group in the 2nd quarter worth approximately $849,000. Rational Advisors LLC boosted its holdings in shares of Goldman Sachs Group by 201.6% in the 2nd quarter. Rational Advisors LLC now owns 3,450 shares of the investment management company’s stock worth $765,000 after purchasing an additional 2,306 shares during the period. Donaldson Capital Management LLC boosted its holdings in shares of Goldman Sachs Group by 1.6% in the 2nd quarter. Donaldson Capital Management LLC now owns 4,417 shares of the investment management company’s stock worth $980,000 after purchasing an additional 69 shares during the period. Dupont Capital Management Corp boosted its holdings in shares of Goldman Sachs Group by 5.6% in the 2nd quarter. Dupont Capital Management Corp now owns 60,348 shares of the investment management company’s stock worth $13,391,000 after purchasing an additional 3,186 shares during the period. Finally, LMR Partners LLP boosted its holdings in shares of Goldman Sachs Group by 430.6% in the 2nd quarter. LMR Partners LLP now owns 5,386 shares of the investment management company’s stock worth $1,195,000 after purchasing an additional 4,371 shares during the period. Institutional investors and hedge funds own 73.28% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Oppenheimer Boosts Goldman Sachs Group (GS) Price Target to $313.00” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/21/oppenheimer-boosts-goldman-sachs-group-gs-price-target-to-313-00.html.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.