Todays Report: The Goldman Sachs Group Inc. (GS) Given “Hold” Rating at Barclays PLC

The Goldman Sachs Group Inc. (GS) Given “Hold” Rating at Barclays PLC

Barclays PLC restated their hold rating on shares of Goldman Sachs Group Inc. (NYSE:GS) in a report published on Tuesday. They currently have a $210.00 price target on the investment management company’s stock.

A number of other analysts also recently issued reports on the stock. Citigroup Inc. raised their price target on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the company a buy rating in a report on Monday. Vetr raised shares of Goldman Sachs Group from a sell rating to a strong-buy rating and set a $179.28 price target on the stock in a report on Thursday, September 29th. Nomura reaffirmed a buy rating and set a $197.00 price target on shares of Goldman Sachs Group in a report on Thursday, September 29th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a buy rating to a hold rating in a report on Monday, September 26th. Finally, JPMorgan Chase & Co. set a $176.00 price target on shares of Goldman Sachs Group and gave the company a buy rating in a report on Thursday, September 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $181.82.

Goldman Sachs Group (NYSE:GS) opened at 169.04 on Tuesday. Goldman Sachs Group has a one year low of $138.20 and a one year high of $199.90. The firm has a market cap of $72.08 billion, a price-to-earnings ratio of 16.02 and a beta of 1.61. The stock’s 50 day moving average is $166.62 and its 200-day moving average is $159.56.

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 for the quarter, beating analysts’ consensus estimates of $3.00 by $0.72. The business earned $7.93 billion during the quarter, compared to analyst estimates 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 last year, the business earned $1.98 EPS. On average, equities research analysts expect that Goldman Sachs Group will post $14.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 1st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, August 30th. Goldman Sachs Group’s dividend payout ratio is presently 24.60%.

In related news, EVP Edith W. Cooper sold 14,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $166.11, for a total value of $2,325,540.00. Following the sale, the executive vice president now owns 33,634 shares in the company, valued at $5,586,943.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sarah G. Smith sold 2,664 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the completion of the sale, the insider now owns 13,075 shares in the company, valued at approximately $2,222,750. 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 made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Goldman Sachs Group by 0.4% in the second quarter. Vanguard Group Inc. now owns 22,472,479 shares of the investment management company’s stock valued at $3,338,962,000 after buying an additional 93,526 shares in the last quarter. Dodge & Cox boosted its stake in shares of Goldman Sachs Group by 11.4% in the second quarter. Dodge & Cox now owns 15,020,855 shares of the investment management company’s stock valued at $2,231,799,000 after buying an additional 1,531,815 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Goldman Sachs Group by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,644,354 shares of the investment management company’s stock valued at $1,878,700,000 after buying an additional 194,684 shares in the last quarter. Capital World Investors boosted its stake in shares of Goldman Sachs Group by 0.3% in the second quarter. Capital World Investors now owns 11,404,284 shares of the investment management company’s stock valued at $1,694,449,000 after buying an additional 38,554 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Goldman Sachs Group by 268.8% in the first quarter. Wellington Management Group LLP now owns 6,093,448 shares of the investment management company’s stock valued at $956,549,000 after buying an additional 4,441,270 shares in the last quarter. Institutional investors own 70.77% of the company’s stock.

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