Goldman Sachs Group (NYSE:GS) had its price objective lifted by Morgan Stanley from $297.00 to $302.00 in a research report report published on Thursday. Morgan Stanley currently has an overweight rating on the investment management company’s stock.
GS has been the subject of a number of other reports. Vertical Group upgraded Goldman Sachs Group from a sell rating to a hold rating in a report on Friday, December 8th. Bank of America increased their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a buy rating in a report on Thursday, December 7th. Vetr downgraded Goldman Sachs Group from a hold rating to a sell rating and set a $246.36 price target for the company. in a report on Wednesday, February 14th. Barclays increased their price target on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an equal weight rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded Goldman Sachs Group from a buy rating to a hold rating in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $258.20.
Shares of Goldman Sachs Group (NYSE:GS) traded up $2.20 during trading hours on Thursday, reaching $268.81. The company had a trading volume of 2,129,671 shares, compared to its average volume of 3,585,253. The company has a market cap of $101,430.00, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.95 and a beta of 1.32. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.93 and a current ratio of 0.93. Goldman Sachs Group has a twelve month low of $209.62 and a twelve month high of $275.31.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.66% and a net margin of 13.36%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period last year, the business posted $5.08 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. equities analysts anticipate that Goldman Sachs Group will post 21.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. Goldman Sachs Group’s dividend payout ratio is presently 15.03%.
In other Goldman Sachs Group news, insider Brian J. Lee sold 6,738 shares of Goldman Sachs Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total transaction of $1,778,292.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 4,400 shares of Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The disclosure for this sale can be found here. Insiders have sold a total of 83,548 shares of company stock valued at $22,064,172 in the last quarter. Company insiders own 2.57% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC acquired a new position in Goldman Sachs Group during the 4th quarter valued at about $113,000. Cerebellum GP LLC acquired a new position in Goldman Sachs Group during the 4th quarter valued at about $122,000. Prime Capital Investment Advisors LLC acquired a new position in Goldman Sachs Group during the 4th quarter valued at about $127,000. Westside Investment Management Inc. lifted its position in shares of Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after buying an additional 450 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Goldman Sachs Group during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds 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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