Royal Bank of Canada reaffirmed their neutral rating on shares of Goldman Sachs Group (NYSE:GS) in a report issued on Tuesday morning, Borsen Zeitung reports. They currently have a $220.00 price objective on the investment management company’s stock.

GS has been the subject of several other research reports. BMO Capital Markets restated a buy rating and issued a $50.00 price target on shares of Fortis in a research note on Tuesday, April 16th. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. HSBC restated a hold rating on shares of Societe Generale in a research note on Thursday, April 4th. JPMorgan Chase & Co. set a GBX 620 ($8.10) price target on shares of HSBC and gave the stock a sell rating in a research note on Tuesday, April 16th. Finally, Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the stock a hold rating in a research note on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of Hold and an average target price of $239.18.

NYSE:GS opened at $214.52 on Tuesday. The stock has a fifty day simple moving average of $198.79. The firm has a market capitalization of $78.03 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 2.43. Goldman Sachs Group has a 52 week low of $151.70 and a 52 week high of $245.08.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $1.08. The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $8.88 billion. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 11.99%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.98 earnings per share. As a group, research analysts expect that Goldman Sachs Group will post 22.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s payout ratio is presently 13.45%.

Hedge funds have recently modified their holdings of the stock. Evolution Wealth Advisors LLC lifted its position in Goldman Sachs Group by 12.3% in the second quarter. Evolution Wealth Advisors LLC now owns 449 shares of the investment management company’s stock valued at $92,000 after acquiring an additional 49 shares during the last quarter. Savant Capital LLC lifted its position in Goldman Sachs Group by 3.0% in the first quarter. Savant Capital LLC now owns 1,731 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 50 shares during the last quarter. Wall Street Access Asset Management LLC lifted its position in Goldman Sachs Group by 2.9% in the fourth quarter. Wall Street Access Asset Management LLC now owns 1,818 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 51 shares during the last quarter. Telos Capital Management Inc. lifted its position in Goldman Sachs Group by 2.6% in the first quarter. Telos Capital Management Inc. now owns 2,020 shares of the investment management company’s stock valued at $388,000 after acquiring an additional 52 shares during the last quarter. Finally, NBT Bank N A NY lifted its position in Goldman Sachs Group by 0.6% in the first quarter. NBT Bank N A NY now owns 8,610 shares of the investment management company’s stock valued at $1,653,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Goldman Sachs Group Company Profile

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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