Goldman Sachs Group (GS) Rating Increased to Hold at Vertical Group
Vertical Group upgraded shares of Goldman Sachs Group (NYSE:GS) from a sell rating to a hold rating in a research report sent to investors on Friday morning, The Fly reports.
Several other equities analysts have also recently weighed in on GS. Zacks Investment Research cut Goldman Sachs Group from a hold rating to a sell rating in a research report on Thursday, September 21st. Keefe, Bruyette & Woods reiterated a hold rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, October 19th. TheStreet cut Goldman Sachs Group from a b rating to a c+ rating in a research report on Thursday, September 7th. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group and gave the company a buy rating in a research report on Friday, September 15th. Finally, BMO Capital Markets reiterated a hold rating and issued a $202.00 price target on shares of Goldman Sachs Group in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $246.10.
Shares of Goldman Sachs Group (NYSE GS) opened at $250.13 on Friday. The stock has a market capitalization of $94,432.40, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a one year low of $209.62 and a one year high of $255.15.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.88 earnings per share. equities research analysts predict that Goldman Sachs Group will post 19.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.
In other Goldman Sachs Group news, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. Northwest Quadrant Wealth Management LLC bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at about $407,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at about $101,000. Sterling Investment Advisors Ltd. lifted its stake in shares of Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at about $111,000. Finally, Gs Investments Inc. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at about $111,000. 73.35% of the stock is owned by hedge funds and other institutional investors.
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About Goldman Sachs Group
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.
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