Today The Goldman Sachs Group, Inc. (The) (GS) Upgraded to Hold at Vetr Inc.

Today The Goldman Sachs Group, Inc. (The) (GS) Upgraded to Hold at Vetr Inc.

Vetr upgraded shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) from a sell rating to a hold rating in a report released on Thursday. The brokerage currently has $225.49 price target on the investment management company’s stock.

Other equities analysts also recently issued reports about the company. J P Morgan Chase & Co set a $176.00 price objective on Goldman Sachs Group, Inc. (The) and gave the stock a buy rating in a research report on Thursday, September 22nd. Zacks Investment Research upgraded Goldman Sachs Group, Inc. (The) from a hold rating to a buy rating and set a $195.00 target price for the company in a report on Friday, October 21st. Guggenheim upgraded Goldman Sachs Group, Inc. (The) from a neutral rating to a buy rating and lifted their target price for the stock from $174.95 to $175.51 in a report on Thursday, October 20th. Citigroup Inc. lifted their target price on Goldman Sachs Group, Inc. (The) from $180.00 to $195.00 and gave the stock a buy rating in a report on Monday, October 10th. Finally, Nomura reiterated a buy rating and issued a $197.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, September 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $215.04.

Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.76% during midday trading on Thursday, hitting $235.45. The stock had a trading volume of 991,171 shares. The stock’s 50-day moving average is $239.47 and its 200-day moving average is $190.16. Goldman Sachs Group, Inc. has a 1-year low of $138.20 and a 1-year high of $247.77. The stock has a market capitalization of $97.66 billion, a PE ratio of 14.46 and a beta of 1.61.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 18th. The investment management company reported $5.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.82 by $0.26. Goldman Sachs Group, Inc. (The) had a return on equity of 9.78% and a net margin of 24.17%. The company earned $8.17 billion during the quarter, compared to the consensus estimate of $7.80 billion. During the same period last year, the company earned $4.68 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $19.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.11%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.89%.

In other news, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $180.00, for a total transaction of $479,520.00. Following the transaction, the insider now owns 13,075 shares of the company’s stock, valued at approximately $2,353,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. /Dc/ Johnson sold 11,600 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $233.99, for a total value of $2,714,284.00. Following the transaction, the director now directly owns 11,600 shares in the company, valued at approximately $2,714,284. The disclosure for this sale can be found here. Insiders have sold a total of 60,197 shares of company stock worth $13,272,776 in the last ninety days. Insiders own 2.61% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GS. Thomas J. Herzfeld Advisors Inc. bought a new stake in Goldman Sachs Group, Inc. (The) during the second quarter worth about $102,000. Bamco Inc. NY bought a new stake in Goldman Sachs Group, Inc. (The) during the third quarter worth about $129,000. Alpha Windward LLC raised its stake in Goldman Sachs Group, Inc. (The) by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares during the last quarter. Cedar Wealth Management LLC raised its stake in Goldman Sachs Group, Inc. (The) by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock worth $141,000 after buying an additional 284 shares during the last quarter. Finally, Sandy Spring Bank raised its stake in Goldman Sachs Group, Inc. (The) by 227.3% in the third quarter. Sandy Spring Bank now owns 1,018 shares of the investment management company’s stock worth $164,000 after buying an additional 707 shares during the last quarter. 71.56% of the stock is currently owned by hedge funds and other institutional investors.

About Goldman Sachs Group, Inc. (The)

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.

To view Vetr’s full report, visit Vetr’s official website.

Related posts

Leave a Comment