Shares of Goldman Sachs Group Inc (NYSE:GS) have been given a consensus rating of “Hold” by the nineteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $240.92.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded Goldman Sachs Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $225.00 to $260.00 in a research note on Friday, July 26th. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Wednesday, July 17th. BMO Capital Markets lifted their price target on shares of Goldman Sachs Group to $273.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Finally, TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th.
Shares of GS stock traded up $0.17 on Friday, hitting $195.73. The company had a trading volume of 197,535 shares, compared to its average volume of 2,490,468. The stock has a market capitalization of $72.42 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 0.74 and a beta of 1.32. Goldman Sachs Group has a twelve month low of $151.70 and a twelve month high of $245.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.78. The company’s 50-day simple moving average is $210.01.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $1.08. The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $8.88 billion. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.98 earnings per share. As a group, sell-side analysts predict that Goldman Sachs Group will post 22.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, August 29th. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s dividend payout ratio is 13.45%.
In other news, EVP Dane E. Holmes sold 3,165 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $212.15, for a total value of $671,454.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.41% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Toth Financial Advisory Corp grew its position in Goldman Sachs Group by 100.0% in the 1st quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Alera Investment Advisors LLC boosted its holdings in shares of Goldman Sachs Group by 71.8% in the first quarter. Alera Investment Advisors LLC now owns 146 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Goldman Sachs Group in the second quarter valued at approximately $28,000. Motco boosted its holdings in shares of Goldman Sachs Group by 146.7% in the second quarter. Motco now owns 148 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 88 shares in the last quarter. Finally, CNB Bank boosted its holdings in shares of Goldman Sachs Group by 108.4% in the first quarter. CNB Bank now owns 173 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 90 shares in the last quarter. 69.54% of the stock is owned by institutional investors and hedge funds.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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