Barclays reiterated their equal weight rating on shares of Goldman Sachs Group (NYSE:GS) in a report published on Thursday morning, MarketBeat reports. They currently have a $289.00 price objective on the investment management company’s stock, down from their previous price objective of $308.00.
Several other analysts also recently weighed in on the company. Oppenheimer boosted their price target on Goldman Sachs Group from $301.00 to $313.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on Goldman Sachs Group to $265.00 and gave the company a sector perform rating in a report on Thursday. BMO Capital Markets decreased their price objective on Goldman Sachs Group to $221.00 and set a market perform rating for the company in a report on Thursday. Keefe, Bruyette & Woods reissued a hold rating on shares of Goldman Sachs Group in a report on Tuesday, January 9th. Finally, Vining Sparks reissued a hold rating and issued a $270.00 price objective on shares of Goldman Sachs Group in a report on Monday, January 8th. 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 given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $254.67.
Goldman Sachs Group (NYSE GS) traded up $5.11 during trading on Thursday, reaching $256.12. The company’s stock had a trading volume of 4,640,000 shares, compared to its average volume of 3,000,000. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $96,610.00, a P/E ratio of 29.54, a PEG ratio of 0.93 and a beta of 1.47. Goldman Sachs Group has a twelve month low of $209.62 and a twelve month high of $262.14.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.08 EPS. analysts expect that Goldman Sachs Group will post 21.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. 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 payout ratio is 34.60%.
In related news, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. Insiders sold a total of 97,833 shares of company stock valued at $23,309,552 in the last ninety days. 2.57% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its holdings in shares of Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after acquiring an additional 1,152,869 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Goldman Sachs Group by 1,654.0% during the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after acquiring an additional 975,690 shares during the last quarter. Capital World Investors raised its holdings in shares of Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Goldman Sachs Group by 21.6% during the second quarter. Ameriprise Financial Inc. now owns 2,121,193 shares of the investment management company’s stock valued at $470,546,000 after acquiring an additional 377,435 shares during the last quarter. 73.28% of the stock is owned by institutional investors.
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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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