Shares of Goldman Sachs (NYSE:GS) have received a consensus rating of “Hold” from the twenty-eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $267.12.
GS has been the subject of several recent analyst reports. Wells Fargo reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Goldman Sachs in a research note on Thursday, January 25th. Morgan Stanley lifted their target price on shares of Goldman Sachs from $294.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Vetr raised shares of Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 target price for the company in a research note on Thursday, February 8th. Bank of America reaffirmed a “buy” rating and issued a $300.00 target price (up from $249.30) on shares of Goldman Sachs in a research note on Monday, February 12th. Finally, JPMorgan Chase reaffirmed a “buy” rating and issued a $280.00 target price on shares of Goldman Sachs in a research note on Thursday, March 15th.
In related news, insider Brian J. Lee sold 6,738 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $263.92, for a total transaction of $1,778,292.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 3,497 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total transaction of $854,666.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,635 shares of company stock valued at $3,800,588. 2.57% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in GS. TIAA CREF Investment Management LLC lifted its holdings in Goldman Sachs by 116.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock worth $644,408,000 after buying an additional 1,360,046 shares in the last quarter. Jennison Associates LLC lifted its holdings in Goldman Sachs by 15.1% in the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after buying an additional 727,698 shares in the last quarter. Millennium Management LLC lifted its holdings in Goldman Sachs by 100.6% in the 1st quarter. Millennium Management LLC now owns 999,532 shares of the investment management company’s stock worth $251,742,000 after buying an additional 501,354 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in Goldman Sachs by 187.6% in the 4th quarter. Standard Life Aberdeen plc now owns 737,276 shares of the investment management company’s stock worth $187,995,000 after buying an additional 480,931 shares in the last quarter. Finally, PointState Capital LP acquired a new position in Goldman Sachs in the 1st quarter worth $109,184,000. 73.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Goldman Sachs stock traded down $2.10 during trading on Thursday, hitting $237.00. 2,698,990 shares of the company were exchanged, compared to its average volume of 2,936,327. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.92 and a quick ratio of 0.92. Goldman Sachs has a fifty-two week low of $209.62 and a fifty-two week high of $275.31. The company has a market capitalization of $89.52 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.82 and a beta of 1.38.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $1.37. Goldman Sachs had a return on equity of 12.58% and a net margin of 14.27%. The firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the firm posted $5.15 EPS. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. research analysts expect that Goldman Sachs will post 23.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 31st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.35%. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, May 30th. Goldman Sachs’s dividend payout ratio is 15.18%.
About Goldman Sachs
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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