Todays Report: Today, Goldman Sachs Group Inc. (GS) Lowered by Citigroup Inc.

Today, Goldman Sachs Group Inc. (GS) Lowered by Citigroup Inc.

Goldman Sachs Group Inc. (NYSE:GS) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report issued on Tuesday. They presently have a $181.48 target price on the investment management company’s stock, up from their prior target price of $138.20. Citigroup Inc.’s price objective indicates a potential downside of 14.15% from the company’s current price.

GS has been the topic of several other research reports. Vetr lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating and set a $153.68 target price on the stock. in a research report on Monday, July 11th. Credit Suisse Group AG upgraded shares of Goldman Sachs Group to a “buy” rating in a research report on Tuesday, July 12th. Berenberg Bank initiated coverage on shares of Goldman Sachs Group in a research report on Wednesday, July 13th. They issued a “hold” rating and a $140.00 target price on the stock. Nomura reiterated a “buy” rating and issued a $197.00 target price (up previously from $195.00) on shares of Goldman Sachs Group in a research report on Tuesday, July 19th. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $150.00 target price (up previously from $145.00) on shares of Goldman Sachs Group in a research report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $182.28.

Goldman Sachs Group (NYSE:GS) traded down 0.44% during mid-day trading on Tuesday, reaching $211.38. 1,973,959 shares of the company were exchanged. The company has a 50 day moving average of $185.81 and a 200-day moving average of $165.88. Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $213.41. The company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 16.96 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The company had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $4.51 earnings per share. On average, equities research analysts forecast that Goldman Sachs Group will post $15.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is 20.72%.

In other news, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction 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 transaction, the insider now owns 13,075 shares in the company, valued at approximately $2,222,750. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alan M. Cohen sold 5,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $181.19, for a total transaction of $905,950.00. Following the completion of the transaction, the executive vice president now owns 61,444 shares of the company’s stock, valued at approximately $11,133,038.36. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citizens Financial Group Inc RI boosted its position in shares of Goldman Sachs Group by 55.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,010 shares of the investment management company’s stock valued at $315,000 after buying an additional 714 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Goldman Sachs Group during the first quarter valued at about $34,473,000. Allen Investment Management LLC boosted its position in shares of Goldman Sachs Group by 4.9% in the first quarter. Allen Investment Management LLC now owns 5,035 shares of the investment management company’s stock valued at $790,000 after buying an additional 236 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in shares of Goldman Sachs Group by 42.1% in the first quarter. Zurich Insurance Group Ltd FI now owns 69,448 shares of the investment management company’s stock valued at $10,902,000 after buying an additional 20,590 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Goldman Sachs Group by 1.5% in the first quarter. Legal & General Group Plc now owns 1,852,638 shares of the investment management company’s stock valued at $290,816,000 after buying an additional 27,575 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

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