Goldman Sachs Group (GS) Rating Reiterated by Bank of America

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Bank of America reissued their hold rating on shares of Goldman Sachs Group (NYSE:GS) in a report published on Monday morning, AnalystRatings.com reports. The firm currently has a $212.00 price objective on the investment management company’s stock.

GS has been the subject of several other reports. Wells Fargo & Co lowered their price objective on Goldman Sachs Group from $305.00 to $235.00 and set an outperform rating for the company in a research report on Tuesday, December 18th. Zacks Investment Research lowered Goldman Sachs Group from a hold rating to a sell rating in a research report on Tuesday, April 2nd. HSBC set a $202.00 price objective on Goldman Sachs Group and gave the stock a neutral rating in a research report on Thursday, April 4th. Morgan Stanley lowered Goldman Sachs Group to a sell rating in a research report on Monday, February 4th. Finally, BMO Capital Markets reiterated a hold rating on shares of Goldman Sachs Group in a research report on Monday, January 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Goldman Sachs Group presently has a consensus rating of Hold and a consensus target price of $246.23.

GS stock opened at $199.91 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $76.23 billion, a PE ratio of 8.23, a P/E/G ratio of 1.35 and a beta of 1.22. Goldman Sachs Group has a 1 year low of $151.70 and a 1 year high of $262.25.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.89 by $0.82. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.89 billion. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $6.95 earnings per share. Equities research analysts predict that Goldman Sachs Group will post 22.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 1.70%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.

In other news, EVP Dane E. Holmes sold 1,489 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Goldman Sachs Group by 1.3% in the third quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after acquiring an additional 307,849 shares in the last quarter. Vanguard Group Inc raised its stake in Goldman Sachs Group by 1.3% in the third quarter. Vanguard Group Inc now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after buying an additional 307,849 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Goldman Sachs Group by 17,481.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock valued at $100,000 after buying an additional 16,546,702 shares in the last quarter. Jennison Associates LLC raised its stake in Goldman Sachs Group by 17.8% in the fourth quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock valued at $786,929,000 after buying an additional 710,479 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Goldman Sachs Group by 3.1% in the fourth quarter. Northern Trust Corp now owns 4,301,885 shares of the investment management company’s stock valued at $718,630,000 after buying an additional 129,610 shares in the last quarter. Institutional investors and hedge funds own 70.11% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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