Goldman Sachs Group Inc. (NYSE:GS)‘s stock had its “equal weight” rating restated by Barclays PLC in a report released on Tuesday. They presently have a $210.00 target price on the investment management company’s stock. Barclays PLC’s target price suggests a potential upside of 24.04% from the stock’s previous close.
Several other brokerages also recently issued reports on GS. Vetr downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $165.45 price objective on the stock. in a research report on Thursday, September 8th. Citigroup Inc. raised their target price on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. set a $176.00 target price on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research note on Tuesday, September 20th. Finally, Nomura restated a “buy” rating and issued a $197.00 target price on shares of Goldman Sachs Group in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $179.91.
Goldman Sachs Group (NYSE:GS) opened at 169.30 on Tuesday. The firm has a 50 day moving average of $166.72 and a 200-day moving average of $159.63. The firm has a market cap of $72.19 billion, a P/E ratio of 16.05 and a beta of 1.61. Goldman Sachs Group has a 12 month low of $138.20 and a 12 month high of $199.90.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 19th. The investment management company reported $3.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.72. Goldman Sachs Group had a net margin of 18.12% and a return on equity of 8.83%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period last year, the firm posted $1.98 EPS. On average, equities research analysts forecast that Goldman Sachs Group will post $14.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 1st were issued a $0.65 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.54%. Goldman Sachs Group’s payout ratio is 24.60%.
In related news, insider Sarah G. Smith sold 2,664 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total value of $452,880.00. Following the completion of the sale, the insider now directly owns 13,075 shares in the company, valued at $2,222,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edith W. Cooper sold 14,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 33,634 shares of the company’s stock, valued at $5,586,943.74. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in GS. Columbia Partners L L C Investment Management increased its stake in Goldman Sachs Group by 22.1% in the first quarter. Columbia Partners L L C Investment Management now owns 7,227 shares of the investment management company’s stock worth $1,134,000 after buying an additional 1,310 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Goldman Sachs Group during the first quarter worth about $3,151,000. Bessemer Group Inc. increased its stake in Goldman Sachs Group by 53.3% in the first quarter. Bessemer Group Inc. now owns 4,510 shares of the investment management company’s stock worth $708,000 after buying an additional 1,568 shares during the last quarter. Algebris Investments UK LLP bought a new stake in Goldman Sachs Group during the first quarter worth about $816,000. Finally, Aviva PLC increased its stake in Goldman Sachs Group by 0.3% in the first quarter. Aviva PLC now owns 250,121 shares of the investment management company’s stock worth $39,264,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 70.77% 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.
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