Goldman Sachs Group, Inc. (The) (GS) Given Consensus Rating of “Hold” by Brokerages
Goldman Sachs Group, Inc. (The) (NYSE:GS) has been given an average recommendation of “Hold” by the thirty-two brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $240.92.
A number of equities research analysts have recently issued reports on GS shares. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target on the stock. Zacks Investment Research cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 4th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Finally, J P Morgan Chase & Co set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Friday, September 15th.
In other news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the sale, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the sale, the insider now directly owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 in the last 90 days. 2.57% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group, Inc. (The) during the 2nd quarter worth $101,000. WealthTrust Arizona LLC grew its position in Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after purchasing an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. increased its stake in Goldman Sachs Group, Inc. (The) by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the second quarter valued at $111,000. Finally, Gs Investments Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the second quarter valued at $111,000. 73.31% of the stock is owned by hedge funds and other institutional investors.
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Goldman Sachs Group, Inc. (GS) opened at 241.62 on Wednesday. The firm has a 50-day moving average of $226.15 and a 200-day moving average of $224.65. The company has a market capitalization of $93.80 billion, a P/E ratio of 12.67 and a beta of 1.41. Goldman Sachs Group, Inc. has a 52 week low of $163.01 and a 52 week high of $255.15.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same period in the previous year, the firm earned $3.72 EPS. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 31st were given a $0.75 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.24%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.
About Goldman Sachs Group, Inc. (The)
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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