Goldman Sachs Group (NYSE:GS) had its target price increased by Bank of America from $230.00 to $233.00 in a research note released on Friday morning, BenzingaRatingsTable reports. They currently have a buy rating on the investment management company’s stock.

Several other analysts have also issued reports on GS. DA Davidson boosted their target price on shares of Goldman Sachs Group from $165.00 to $185.00 in a research report on Friday, April 17th. Citigroup boosted their target price on shares of Goldman Sachs Group from $245.00 to $265.00 and gave the company a buy rating in a research report on Wednesday, July 8th. JMP Securities cut their target price on shares of Goldman Sachs Group from $290.00 to $270.00 and set a market outperform rating for the company in a research report on Thursday, April 9th. Cfra upgraded shares of Goldman Sachs Group from a sell rating to a hold rating and dropped their price target for the stock from $220.00 to $210.00 in a research report on Wednesday, April 15th. Finally, Barclays reiterated a hold rating and issued a $236.00 price target on shares of Goldman Sachs Group in a research report on Thursday, April 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $233.32.

Shares of GS stock opened at $208.88 on Friday. The company has a 50 day moving average price of $202.08 and a 200-day moving average price of $201.81. Goldman Sachs Group has a 52 week low of $130.85 and a 52 week high of $250.46. The firm has a market capitalization of $71.82 billion, a PE ratio of 11.35, a P/E/G ratio of 5.56 and a beta of 1.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.78.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, April 15th. The investment management company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.28. The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $7.92 billion. Goldman Sachs Group had a net margin of 14.04% and a return on equity of 9.26%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.71 earnings per share. Analysts anticipate that Goldman Sachs Group will post 15.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, May 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 23.78%.

Hedge funds have recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC bought a new position in shares of Goldman Sachs Group in the fourth quarter worth about $25,000. Harvest Fund Management Co. Ltd bought a new position in shares of Goldman Sachs Group in the first quarter worth about $26,000. Allworth Financial LP grew its holdings in shares of Goldman Sachs Group by 68.5% in the first quarter. Allworth Financial LP now owns 187 shares of the investment management company’s stock worth $29,000 after purchasing an additional 76 shares during the last quarter. Arden Trust Co bought a new position in shares of Goldman Sachs Group in the first quarter worth about $32,000. Finally, Americana Partners LLC bought a new position in shares of Goldman Sachs Group in the fourth quarter worth about $33,000. 68.02% of the stock is currently owned by hedge funds and other institutional investors.

About Goldman Sachs Group

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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Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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