Goldman Sachs Group Inc. (NYSE:GS) was upgraded by equities research analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday. The firm presently has a $225.49 price target on the investment management company’s stock. Vetr‘s price target would indicate a potential downside of 2.56% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Argus reissued a “hold” rating on shares of Goldman Sachs Group in a research note on Thursday. CLSA reissued an “outperform” rating and issued a $275.00 target price on shares of Goldman Sachs Group in a research note on Friday, January 13th. Barclays PLC reissued an “equal weight” rating and issued a $262.00 target price on shares of Goldman Sachs Group in a research note on Friday, January 13th. Citigroup Inc. reaffirmed a “sell” rating and set a $225.00 price target (up previously from $200.00) on shares of Goldman Sachs Group in a research report on Tuesday, January 10th. They noted that the move was a valuation call. Finally, RBC Capital Markets set a $250.00 price target on shares of Goldman Sachs Group and gave the company a “hold” rating in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $211.83.
Shares of Goldman Sachs Group (NYSE:GS) traded down 1.23% on Thursday, reaching $231.41. The company had a trading volume of 4,561,821 shares. The company’s 50 day moving average price is $238.87 and its 200-day moving average price is $187.98. The stock has a market capitalization of $96.91 billion, a P/E ratio of 18.57 and a beta of 1.61. Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $247.77.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 18th. The investment management company reported $5.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.82 by $0.26. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.80 billion. During the same period last year, the company posted $4.68 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Equities analysts predict that Goldman Sachs Group will post $18.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be issued a $0.65 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.12%. Goldman Sachs Group’s payout ratio is 20.72%.
In other news, EVP Alan M. Cohen sold 5,000 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $181.19, for a total transaction of $905,950.00. Following the transaction, the executive vice president now directly owns 61,444 shares in the company, valued at $11,133,038.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sarah G. Smith sold 218 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $211.47, for a total transaction of $46,100.46. Following the transaction, the insider now owns 22,103 shares in the company, valued at $4,674,121.41. The disclosure for this sale can be found here. Insiders sold 23,597 shares of company stock valued at $4,708,742 over the last ninety days. Corporate insiders own 2.61% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Goldman Sachs Group during the second quarter worth about $102,000. Bamco Inc. NY purchased a new position in shares of Goldman Sachs Group during the third quarter worth about $129,000. Alpha Windward LLC raised its position in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares during the period. Cedar Wealth Management LLC raised its position in shares of Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock worth $141,000 after buying an additional 284 shares during the period. Finally, Sandy Spring Bank raised its position in shares of Goldman Sachs Group by 227.3% in the third quarter. Sandy Spring Bank now owns 1,018 shares of the investment management company’s stock worth $164,000 after buying an additional 707 shares during the period. Institutional investors and hedge funds own 69.43% of the company’s stock.
About Goldman Sachs Group
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.
To view Vetr’s full report, visit Vetr’s official website.