Goldman Sachs Group Inc. (NYSE:GS)‘s stock had its “buy” rating restated by JPMorgan Chase & Co. in a research report issued on Monday.
Other analysts have also recently issued reports about the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $210.00 price target on shares of Goldman Sachs Group in a report on Tuesday, October 11th. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $154.43 price target on the stock in a report on Monday, August 1st. Royal Bank Of Canada upped their price target on shares of Goldman Sachs Group from $160.00 to $170.00 and gave the company a “sector perform” rating in a report on Wednesday, October 19th. Macquarie raised shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a report on Friday, November 18th. Finally, RBC Capital Markets set a $170.00 price target on shares of Goldman Sachs Group and gave the company a “hold” rating in a report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $182.28.
Shares of Goldman Sachs Group (NYSE:GS) traded down 0.40% during mid-day trading on Monday, hitting $210.54. 1,138,886 shares of the stock traded hands. Goldman Sachs Group has a 12-month low of $138.20 and a 12-month high of $213.41. The stock has a market cap of $88.17 billion, a P/E ratio of 16.90 and a beta of 1.55. The firm’s 50 day moving average price is $185.81 and its 200-day moving average price is $165.88.
Goldman Sachs Group (NYSE:GS) last posted 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. The firm had revenue of $8.17 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.51 earnings per share. Analysts predict that Goldman Sachs Group will post $15.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 20.72%.
In other news, EVP Alan M. Cohen sold 5,322 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $208.82, for a total value of $1,111,340.04. Following the completion of the sale, the executive vice president now directly owns 85,528 shares of the company’s stock, valued at $17,859,956.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sarah G. Smith sold 218 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $211.47, for a total transaction of $46,100.46. Following the completion of the sale, the insider now directly owns 22,103 shares of the company’s stock, valued at $4,674,121.41. The disclosure for this sale can be found here. Company insiders own 2.61% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. South Dakota Investment Council raised its stake in Goldman Sachs Group by 1.0% in the second quarter. South Dakota Investment Council now owns 147,870 shares of the investment management company’s stock worth $21,971,000 after buying an additional 1,500 shares during the period. IFC Holdings Incorporated FL bought a new stake in Goldman Sachs Group during the second quarter worth about $265,000. Harris Associates L P raised its stake in Goldman Sachs Group by 6.3% in the second quarter. Harris Associates L P now owns 5,743,708 shares of the investment management company’s stock worth $853,400,000 after buying an additional 338,324 shares during the period. Foundry Partners LLC raised its stake in Goldman Sachs Group by 9.2% in the third quarter. Foundry Partners LLC now owns 96,185 shares of the investment management company’s stock worth $15,512,000 after buying an additional 8,079 shares during the period. Finally, Gluskin Sheff & Assoc Inc. bought a new stake in Goldman Sachs Group during the second quarter worth about $43,700,000. 69.61% of the stock is owned by institutional investors and hedge funds.
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