Several brokerages have updated their recommendations and price targets on shares of Goldman Sachs Group (NYSE: GS) in the last few weeks:
Goldman Sachs Group Inc. (NYSE:GS) traded down 0.23% during midday trading on Friday, hitting $211.82. 1,379,209 shares of the stock traded hands. The firm’s 50 day moving average is $184.04 and its 200-day moving average is $165.50. Goldman Sachs Group Inc. has a 12-month low of $138.20 and a 12-month high of $213.41. The stock has a market capitalization of $88.71 billion, a PE ratio of 17.00 and a beta of 1.55.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.09. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The business earned $8.17 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the firm posted $4.51 EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts anticipate that Goldman Sachs Group Inc. will post $15.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio is 20.72%.