Trade Report: Today, Goldman Sachs Group Inc. (GS) Cut to “Strong Sell” at Vetr Inc.

Today, Goldman Sachs Group Inc. (GS) Cut to “Strong Sell” at Vetr Inc.

Vetr downgraded shares of Goldman Sachs Group Inc. (NYSE:GS) from a sell rating to a strong sell rating in a report published on Thursday. They currently have $188.57 price target on the investment management company’s stock.

Other equities research analysts also recently issued reports about the company. Guggenheim upgraded Goldman Sachs Group from a neutral rating to a buy rating and boosted their target price for the stock from $174.95 to $175.51 in a research report on Thursday, October 20th. JPMorgan Chase & Co. set a $176.00 price objective on Goldman Sachs Group and gave the company a buy rating in a research report on Thursday, September 22nd. Zacks Investment Research upgraded Goldman Sachs Group from a hold rating to a buy rating and set a $186.00 price objective on the stock in a research report on Tuesday, September 20th. TheStreet upgraded Goldman Sachs Group from a hold rating to a buy rating in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. set a $222.00 price objective on Goldman Sachs Group and gave the company a buy rating in a research report on Wednesday, August 3rd. 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. The company currently has an average rating of Hold and an average target price of $182.28.

Shares of Goldman Sachs Group (NYSE:GS) opened at 209.70 on Thursday. Goldman Sachs Group has a 52-week low of $138.20 and a 52-week high of $213.41. The company’s 50 day moving average price is $186.97 and its 200 day moving average price is $166.34. The company has a market capitalization of $87.82 billion, a price-to-earnings ratio of 16.83 and a beta of 1.55.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be paid a $0.65 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $2.60 dividend on an annualized basis and a yield of 1.24%. Goldman Sachs Group’s dividend payout ratio (DPR) is 20.72%.

In related news, insider Sarah G. Smith sold 2,664 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lloyd C. Blankfein sold 2,504 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $211.32, for a total value of $529,145.28. Following the completion of the transaction, the chairman now owns 1,524,471 shares of the company’s stock, valued at approximately $322,151,211.72. The disclosure for this sale can be found here. 2.61% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of GS. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Goldman Sachs Group by 16.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,845 shares of the investment management company’s stock worth $2,021,000 after buying an additional 1,801 shares during the period. Phocas Financial Corp. raised its position in shares of Goldman Sachs Group by 38.8% in the first quarter. Phocas Financial Corp. now owns 35,844 shares of the investment management company’s stock worth $5,627,000 after buying an additional 10,013 shares during the period. First Republic Investment Management Inc. raised its position in shares of Goldman Sachs Group by 5.5% in the first quarter. First Republic Investment Management Inc. now owns 177,858 shares of the investment management company’s stock worth $27,921,000 after buying an additional 9,211 shares during the period. Cullinan Associates Inc. raised its position in shares of Goldman Sachs Group by 38.5% in the first quarter. Cullinan Associates Inc. now owns 7,200 shares of the investment management company’s stock worth $1,130,000 after buying an additional 2,000 shares during the period. Finally, Boothbay Fund Management LLC purchased a new position in shares of Goldman Sachs Group during the first quarter worth about $755,000. Institutional investors own 69.61% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

Related posts

Leave a Comment