BidaskClub lowered shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) from a hold rating to a sell rating in a research report released on Tuesday morning.

A number of other brokerages have also commented on GS. Royal Bank Of Canada dropped their price target on Goldman Sachs Group, Inc. (The) to $250.00 and set a neutral rating on the stock in a report on Tuesday, April 18th. Credit Suisse Group restated a buy rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods restated an outperform rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 12th. Rafferty Capital Markets lowered Goldman Sachs Group, Inc. (The) from a buy rating to a hold rating and lowered their target price for the company from $288.00 to $221.00 in a research note on Tuesday, April 18th. Finally, Vetr lowered Goldman Sachs Group, Inc. (The) from a sell rating to a strong sell rating and set a $191.87 target price on the stock. in a research note on Monday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has a consensus rating of Hold and a consensus price target of $235.25.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded up 0.96% on Tuesday, reaching $223.61. The company’s stock had a trading volume of 2,483,233 shares. The stock has a market cap of $90.09 billion, a P/E ratio of 11.72 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52-week low of $155.37 and a 52-week high of $255.15. The firm’s 50 day moving average is $223.79 and its 200-day moving average is $230.40.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $3.72 earnings per share. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.21 EPS for the current year.

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Goldman Sachs Group, Inc. (The) declared that its board has approved a stock buyback program on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.34%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

Institutional investors have recently bought and sold shares of the company. First Manhattan Co. boosted its position in Goldman Sachs Group, Inc. (The) by 6.5% in the second quarter. First Manhattan Co. now owns 4,695 shares of the investment management company’s stock worth $1,042,000 after buying an additional 287 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in Goldman Sachs Group, Inc. (The) by 1.1% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 950 shares of the investment management company’s stock worth $211,000 after buying an additional 10 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in Goldman Sachs Group, Inc. (The) by 9.2% in the second quarter. Essex Investment Management Co. LLC now owns 47,655 shares of the investment management company’s stock worth $10,575,000 after buying an additional 4,022 shares during the last quarter. Brave Asset Management Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 16.6% in the second quarter. Brave Asset Management Inc. now owns 3,164 shares of the investment management company’s stock worth $702,000 after buying an additional 450 shares during the last quarter. Finally, Suffolk Capital Management LLC boosted its position in Goldman Sachs Group, Inc. (The) by 5.8% in the second quarter. Suffolk Capital Management LLC now owns 68,340 shares of the investment management company’s stock worth $15,165,000 after buying an additional 3,740 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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