Goldman Sachs Group (NYSE:GS) Price Target Raised to $313.00

Goldman Sachs Group (NYSE:GS) had its target price raised by Oppenheimer from $301.00 to $313.00 in a research report report published on Thursday, January 18th. 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.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Goldman Sachs Group to $265.00 and gave the stock a sector perform rating in a report on Thursday, January 18th. BMO Capital Markets cut their target price on shares of Goldman Sachs Group to $221.00 and set a market perform rating on the stock in a report on Thursday, January 18th. Keefe, Bruyette & Woods reissued a hold rating on shares of Goldman Sachs Group in a report on Tuesday, January 9th. Vining Sparks reaffirmed a hold rating and set a $270.00 price target on shares of Goldman Sachs Group in a report on Monday, January 8th. Finally, Instinet reaffirmed an outperform rating and set a $225.00 price target (down previously from $238.00) on shares of Goldman Sachs Group in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $256.75.

Goldman Sachs Group (NYSE:GS) opened at $253.16 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group has a twelve month low of $209.62 and a twelve month high of $273.79. The stock has a market cap of $95,490.00, a PE ratio of 29.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the company posted $5.08 earnings per share. Goldman Sachs Group’s revenue was down 4.2% on a year-over-year basis. equities analysts expect that Goldman Sachs Group will post 21.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.19%. Goldman Sachs Group’s dividend payout ratio is presently 34.60%.

In related news, insider R. Martin Chavez sold 11,829 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total transaction of $3,066,313.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders have sold 167,843 shares of company stock worth $41,855,427 in the last quarter. Company insiders own 2.57% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Geller Family Office Services LLC grew its position in Goldman Sachs Group by 0.3% in the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after buying an additional 3 shares during the last quarter. Hudock Capital Group LLC grew its position in Goldman Sachs Group by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after buying an additional 4 shares during the last quarter. FTB Advisors Inc. grew its position in Goldman Sachs Group by 0.3% in the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after buying an additional 5 shares during the last quarter. King Luther Capital Management Corp grew its position in Goldman Sachs Group by 0.4% in the second quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after buying an additional 7 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Goldman Sachs Group by 0.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,245 shares of the investment management company’s stock worth $720,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

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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.

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