Shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $440.57.
A number of equities analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Edward Jones began coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Oppenheimer lifted their target price on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th.
View Our Latest Analysis on The Goldman Sachs Group
The Goldman Sachs Group Price Performance
GS stock opened at $461.18 on Friday. The firm has a 50 day moving average price of $425.16 and a 200-day moving average price of $390.21. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $471.48. The firm has a market capitalization of $148.71 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.94 and a beta of 1.40. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period last year, the business earned $8.79 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Equities research analysts forecast that The Goldman Sachs Group will post 36.57 EPS for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.39%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.
Insider Buying and Selling
In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.
Institutional Trading of The Goldman Sachs Group
Several hedge funds and other institutional investors have recently bought and sold shares of GS. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter worth $1,903,374,000. Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $1,120,119,000. Wellington Management Group LLP boosted its position in shares of The Goldman Sachs Group by 27.0% in the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after purchasing an additional 464,954 shares in the last quarter. Morgan Stanley boosted its position in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares in the last quarter. Finally, Verity & Verity LLC boosted its position in shares of The Goldman Sachs Group by 26,378.2% in the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock worth $170,000 after purchasing an additional 406,224 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
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Source: defenseworld.net
