Barclays reaffirmed their equal weight rating on shares of Goldman Sachs Group (NYSE:GS) in a research note issued to investors on Thursday, MarketBeat Ratings reports. Barclays currently has a $289.00 price objective on the investment management company’s stock, down from their prior price objective of $308.00.
Several other research firms also recently commented on GS. Credit Suisse Group downgraded shares of Goldman Sachs Group from an outperform rating to a neutral rating and lifted their target price for the stock from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Vining Sparks restated a hold rating and set a $270.00 price target on shares of Goldman Sachs Group in a report on Monday, January 8th. Keefe, Bruyette & Woods restated a hold rating and set a $240.00 price target on shares of Goldman Sachs Group in a report on Thursday, October 19th. BMO Capital Markets raised their price target on shares of Goldman Sachs Group from $202.00 to $217.00 and gave the stock a market perform rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of Goldman Sachs Group from a buy rating to a hold rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group presently has an average rating of Hold and an average price target of $254.67.
Shares of Goldman Sachs Group (GS) opened at $256.12 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group has a 1 year low of $209.62 and a 1 year high of $262.14. The company has a market cap 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 earnings results 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 net margin of 13.36% and a return on equity of 11.47%. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same period last year, the company earned $5.08 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. analysts predict that Goldman Sachs Group will post 21.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.17%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.60%.
In other Goldman Sachs Group news, Director David A. Viniar sold 25,000 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.02, for a total transaction of $5,950,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,366,544.82. 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.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Financial Partners Inc. purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter worth $849,000. Rational Advisors LLC lifted its stake in shares of Goldman Sachs Group by 201.6% during 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 last quarter. Donaldson Capital Management LLC lifted its stake in shares of Goldman Sachs Group by 1.6% during 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 last quarter. Dupont Capital Management Corp lifted its stake in shares of Goldman Sachs Group by 5.6% during 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 last quarter. Finally, LMR Partners LLP lifted its stake in shares of Goldman Sachs Group by 430.6% during 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 last quarter. 73.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Goldman Sachs Group
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.
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