Goldman Sachs Group Inc (NYSE:GS) Given Consensus Rating of “Hold” by Analysts

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Shares of Goldman Sachs Group Inc (NYSE:GS) have received a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $240.73.

A number of equities analysts recently issued reports on the stock. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $235.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, April 16th. TheStreet lowered shares of Goldman Sachs Group from a “b-” rating to a “c” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price for the company in a research report on Tuesday. Finally, Bank of America reiterated a “hold” rating and issued a $212.00 target price on shares of Goldman Sachs Group in a research report on Monday, April 15th.

Shares of Goldman Sachs Group stock traded up $0.20 during trading on Friday, hitting $196.26. 70,383 shares of the stock were exchanged, compared to its average volume of 2,196,716. The company has a fifty day moving average of $193.65. The stock has a market cap of $71.89 billion, a PE ratio of 7.81, a PEG ratio of 1.28 and a beta of 1.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.84. Goldman Sachs Group has a 12 month low of $151.70 and a 12 month high of $245.08.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the consensus estimate of $4.74 by $0.97. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.79%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.95 earnings per share. Sell-side analysts expect that Goldman Sachs Group will post 22.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.40 annualized dividend and a dividend yield of 1.73%. Goldman Sachs Group’s dividend payout ratio (DPR) is 13.45%.

Several large investors have recently bought and sold shares of GS. FMR LLC lifted its stake in Goldman Sachs Group by 3.3% during the first quarter. FMR LLC now owns 2,202,807 shares of the investment management company’s stock valued at $422,917,000 after buying an additional 71,365 shares in the last quarter. Horizon Investments LLC purchased a new stake in shares of Goldman Sachs Group in the first quarter worth approximately $262,000. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Goldman Sachs Group by 7.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 388,142 shares of the investment management company’s stock worth $74,519,000 after purchasing an additional 27,655 shares in the last quarter. B. Riley Wealth Management Inc. lifted its position in shares of Goldman Sachs Group by 45.0% in the first quarter. B. Riley Wealth Management Inc. now owns 2,236 shares of the investment management company’s stock worth $429,000 after purchasing an additional 694 shares in the last quarter. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lifted its position in shares of Goldman Sachs Group by 221.2% in the first quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 2,505 shares of the investment management company’s stock worth $481,000 after purchasing an additional 1,725 shares in the last quarter. Institutional investors own 68.48% 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 in 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.

Further Reading: Overbought

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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