The Goldman Sachs Group (NYSE:GS) Given New $802.00 Price Target at HSBC

The Goldman Sachs Group (NYSE:GSFree Report) had its price objective upped by HSBC from $742.00 to $802.00 in a research report released on Friday morning,MarketScreener reports.

A number of other equities research analysts have also issued reports on GS. Royal Bank Of Canada raised their price target on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. BNP Paribas Exane boosted their target price on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Citigroup raised their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Finally, Barclays boosted their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $916.86.

Check Out Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Up 4.4%

NYSE GS opened at $929.47 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $984.70. The firm has a market capitalization of $278.78 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.09 and a beta of 1.34. The company has a fifty day moving average of $909.26 and a two-hundred day moving average of $815.94.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the business earned $11.95 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

Insiders Place Their Bets

In other news, Director David A. Viniar sold 45,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the completion of the transaction, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. The trade was a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the transaction, the treasurer owned 2,017 shares in the company, valued at $1,870,101.89. This trade represents a 58.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 87,513 shares of company stock worth $83,718,401. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Several institutional investors have recently bought and sold shares of the company. Hartline Investment Corp lifted its stake in The Goldman Sachs Group by 153.3% during the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 860 shares during the period. A4 Wealth Advisors LLC acquired a new position in The Goldman Sachs Group during the third quarter valued at $940,000. Meridian Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 39.4% in the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares during the last quarter. National Pension Service grew its position in The Goldman Sachs Group by 3.1% during the 3rd quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock worth $530,205,000 after purchasing an additional 19,796 shares during the period. Finally, Chung Wu Investment Group LLC raised its stake in shares of The Goldman Sachs Group by 114.4% during the 3rd quarter. Chung Wu Investment Group LLC now owns 2,080 shares of the investment management company’s stock valued at $1,656,000 after buying an additional 1,110 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

About The Goldman Sachs Group

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

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