Goldman Sachs Group (NYSE:GS) had its price objective increased by Bank of America from $246.00 to $250.00 in a report published on Thursday, AR Network reports. The firm currently has a buy rating on the investment management company’s stock.
GS has been the subject of a number of other research reports. Oppenheimer upped their target price on shares of Goldman Sachs Group from $326.00 to $356.00 in a research report on Thursday. Wells Fargo & Company restated a buy rating and set a $255.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, June 30th. Seaport Global Securities initiated coverage on Goldman Sachs Group in a report on Wednesday, July 8th. They issued a buy rating and a $261.00 target price on the stock. TheStreet cut Goldman Sachs Group from a b- rating to a c+ rating in a report on Friday, August 14th. Finally, Credit Suisse Group lifted their price objective on Goldman Sachs Group from $240.00 to $255.00 and gave the stock an outperform rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $249.29.
NYSE GS opened at $206.21 on Thursday. The firm has a market cap of $70.95 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 6.54 and a beta of 1.39. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.82. The business has a 50-day moving average price of $202.41 and a 200-day moving average price of $195.54. Goldman Sachs Group has a twelve month low of $130.85 and a twelve month high of $250.46.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 20th. The investment management company reported $9.68 EPS for the quarter, topping the Zacks’ consensus estimate of $5.57 by $4.11. Goldman Sachs Group had a return on equity of 9.07% and a net margin of 13.40%. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same period in the previous year, the firm earned $4.79 EPS. The firm’s revenue was up 28.6% compared to the same quarter last year. Research analysts expect that Goldman Sachs Group will post 14.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $5.00 annualized dividend and a dividend yield of 2.42%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 23.78%.
A number of large investors have recently modified their holdings of GS. Howe & Rusling Inc. bought a new stake in shares of Goldman Sachs Group during the 2nd quarter worth approximately $35,000. Heritage Wealth Advisors lifted its position in shares of Goldman Sachs Group by 495.0% during the second quarter. Heritage Wealth Advisors now owns 1,190 shares of the investment management company’s stock worth $39,000 after purchasing an additional 990 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Goldman Sachs Group by 42.8% during the third quarter. Crewe Advisors LLC now owns 207 shares of the investment management company’s stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Goldman Sachs Group during the second quarter valued at $44,000. Finally, West Oak Capital LLC bought a new position in shares of Goldman Sachs Group in the third quarter worth about $48,000. Institutional investors own 68.70% of the company’s stock.
Goldman Sachs Group Company Profile
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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