TheStreet upgraded shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) from a c+ rating to a b rating in a report published on Friday, October 13th.
Other equities analysts have also recently issued research reports about the company. BidaskClub cut Goldman Sachs Group, Inc. (The) from a hold rating to a sell rating in a report on Tuesday, July 25th. Buckingham Research reissued a neutral rating and set a $243.00 target price (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Wells Fargo & Company initiated coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They set an outperform rating and a $265.00 target price for the company. Berenberg Bank restated a sell rating and issued a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st. Finally, Credit Suisse Group upped their price target on Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the company an outperform rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $244.98.
Shares of Goldman Sachs Group, Inc. (GS) traded up 0.25% on Friday, reaching $242.31. 850,567 shares of the company were exchanged. The stock’s 50-day moving average is $234.68 and its 200 day moving average is $226.05. The firm has a market capitalization of $94.07 billion, a PE ratio of 12.62 and a beta of 1.41. Goldman Sachs Group, Inc. has a 12-month low of $174.73 and a 12-month high of $255.15.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.32% and a net margin of 26.42%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.88 EPS. On average, analysts forecast that Goldman Sachs Group, Inc. will post $19.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.24%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.63%.
In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,879 shares of company stock worth $15,082,476. 2.57% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of GS. Waldron LP purchased a new stake in shares of Goldman Sachs Group, Inc. (The) in the 1st quarter valued at approximately $277,000. TD Asset Management Inc. raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 11.1% during the 1st quarter. TD Asset Management Inc. now owns 437,197 shares of the investment management company’s stock valued at $100,433,000 after purchasing an additional 43,605 shares in the last quarter. Tdam USA Inc. raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 2.4% during the 1st quarter. Tdam USA Inc. now owns 3,689 shares of the investment management company’s stock valued at $847,000 after purchasing an additional 87 shares in the last quarter. Parkwood LLC acquired a new position in Goldman Sachs Group, Inc. (The) in the 1st quarter valued at $298,000. Finally, YorkBridge Wealth Partners LLC grew its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock valued at $144,000 after buying an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.
About Goldman Sachs Group, Inc. (The)
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.