The Goldman Sachs Group, Inc. (The) (GS) Rating Reiterated by Barclays PLC

The Goldman Sachs Group, Inc. (The) (GS) Rating Reiterated by Barclays PLC

Barclays PLC reissued their equal weight rating on shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) in a research note published on Friday. The brokerage currently has a $262.00 target price on the investment management company’s stock.

A number of other equities research analysts also recently commented on GS. Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a hold rating to a buy rating and set a $186.00 target price for the company in a report on Tuesday, September 20th. J P Morgan Chase & Co set a $176.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a buy rating in a report on Thursday, September 22nd. Nomura reissued a buy rating and issued a $197.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, September 29th. Vetr raised Goldman Sachs Group, Inc. (The) from a sell rating to a strong-buy rating and set a $179.28 target price for the company in a report on Thursday, September 29th. Finally, Citigroup Inc. raised their target price on Goldman Sachs Group, Inc. (The) from $180.00 to $195.00 and gave the company a buy rating in a report on Monday, October 10th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) presently has an average rating of Hold and a consensus target price of $211.60.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 234.29 on Friday. The stock has a market cap of $98.12 billion, a price-to-earnings ratio of 18.80 and a beta of 1.61. Goldman Sachs Group, Inc. has a one year low of $138.20 and a one year high of $247.77. The company has a 50 day moving average of $237.82 and a 200-day moving average of $187.32.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Wednesday, January 18th. The investment management company reported $5.08 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.32. Goldman Sachs Group, Inc. (The) had a return on equity of 9.73% and a net margin of 19.58%. The company earned $8.17 billion during the quarter, compared to the consensus estimate of $7.80 billion. During the same quarter last year, the company earned $4.68 earnings per share. Goldman Sachs Group, Inc. (The)’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts anticipate that Goldman Sachs Group, Inc. will post $15.87 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.11%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 20.72%.

In other news, insider Sarah G. Smith sold 218 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $211.47, for a total value of $46,100.46. Following the transaction, the insider now directly owns 22,103 shares of the company’s stock, valued at approximately $4,674,121.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sarah G. Smith sold 2,664 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $180.00, for a total value of $479,520.00. Following the completion of the transaction, the insider now directly owns 13,075 shares in the company, valued at $2,353,500. The disclosure for this sale can be found here. 2.61% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in GS. Chicago Partners Investment Group LLC raised its position in Goldman Sachs Group, Inc. (The) by 0.4% in the third quarter. Chicago Partners Investment Group LLC now owns 1,046 shares of the investment management company’s stock valued at $169,000 after buying an additional 4 shares in the last quarter. Argent Trust Co raised its position in Goldman Sachs Group, Inc. (The) by 0.8% in the third quarter. Argent Trust Co now owns 1,638 shares of the investment management company’s stock valued at $264,000 after buying an additional 13 shares during the period. Alpha Cubed Investments LLC raised its position in Goldman Sachs Group, Inc. (The) by 0.3% in the third quarter. Alpha Cubed Investments LLC now owns 4,850 shares of the investment management company’s stock valued at $782,000 after buying an additional 15 shares during the period. Pitcairn Co. raised its position in Goldman Sachs Group, Inc. (The) by 0.4% in the second quarter. Pitcairn Co. now owns 4,947 shares of the investment management company’s stock valued at $735,000 after buying an additional 18 shares during the period. Finally, Alpha Windward LLC raised its position in Goldman Sachs Group, Inc. (The) by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the period. 69.43% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

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