JPMorgan Chase & Co. set a $176.00 price objective on Goldman Sachs Group Inc. (NYSE:GS) in a report released on Thursday. The firm currently has a a buy rating on the investment management company’s stock.
A number of other equities research analysts have also weighed in on the stock. TheStreet raised shares of Goldman Sachs Group from a hold rating to a buy rating in a report on Friday, August 5th. Oppenheimer Holdings Inc. boosted their target price on shares of Goldman Sachs Group from $222.00 to $223.00 and gave the stock an outperform rating in a report on Wednesday, July 27th. Deutsche Bank AG reissued a hold rating on shares of Goldman Sachs Group in a report on Sunday, June 26th. Zacks Investment Research lowered shares of Goldman Sachs Group from a buy rating to a hold rating in a report on Thursday, June 30th. Finally, Bank of America Corp. reissued a buy rating and set a $160.00 target price (down from $185.00) on shares of Goldman Sachs Group in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $180.41.
Shares of Goldman Sachs Group (NYSE:GS) opened at 162.89 on Thursday. Goldman Sachs Group has a one year low of $138.20 and a one year high of $199.90. The company’s 50 day moving average is $166.56 and its 200-day moving average is $158.79. The firm has a market capitalization of $69.46 billion, a price-to-earnings ratio of 15.44 and a beta of 1.68.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, July 19th. The investment management company reported $3.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.72. The business earned $7.93 billion during the quarter, compared to analysts’ expectations of $7.58 billion. Goldman Sachs Group had a net margin of 18.12% and a return on equity of 8.83%. During the same period in the prior year, the company earned $1.98 EPS. Equities analysts expect that Goldman Sachs Group will post $14.29 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.60%. Goldman Sachs Group’s payout ratio is currently 24.60%.
In related news, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the completion of the transaction, the executive vice president now owns 33,634 shares in the company, valued at $5,586,943.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $452,880.00. Following the transaction, the insider now owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The disclosure for this sale can be found here. Corporate insiders own 2.61% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GS. Thomas J. Herzfeld Advisors Inc. bought a new position in Goldman Sachs Group during the second quarter valued at $102,000. Nelson Roberts Investment Advisors LLC raised its position in Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. CKW Financial Group raised its position in Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares during the last quarter. Cedar Wealth Management LLC raised its position in 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 valued at $141,000 after buying an additional 284 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. Institutional investors own 70.77% of the company’s stock.
Goldman Sachs Group 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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