Goldman Sachs Group (NYSE:GS) Reaches New 52-Week High at $225.40

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Goldman Sachs Group Inc (NYSE:GS) shares reached a new 52-week high on Friday . The stock traded as high as $225.40 and last traded at $224.60, with a volume of 2800025 shares. The stock had previously closed at $217.14.

A number of research analysts have weighed in on GS shares. ValuEngine lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Goldman Sachs Group from $273.00 to $278.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $235.00 target price for the company in a research report on Friday, November 8th. Odeon Capital Group lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, Oppenheimer dropped their price target on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $245.42.

The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $79.53 billion, a P/E ratio of 8.89, a PEG ratio of 0.85 and a beta of 1.36. The firm has a 50 day simple moving average of $217.51 and a two-hundred day simple moving average of $207.07.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $4.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.03 by ($0.24). The firm had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.33 billion. Goldman Sachs Group had a return on equity of 11.41% and a net margin of 18.86%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.28 EPS. Sell-side analysts anticipate that Goldman Sachs Group Inc will post 21.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, November 29th. Goldman Sachs Group’s payout ratio is currently 19.79%.

Institutional investors have recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC grew its stake in Goldman Sachs Group by 5.5% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 1,667 shares of the investment management company’s stock valued at $341,000 after purchasing an additional 87 shares during the period. Fisher Asset Management LLC grew its position in Goldman Sachs Group by 1.7% during the second quarter. Fisher Asset Management LLC now owns 307,848 shares of the investment management company’s stock valued at $62,986,000 after buying an additional 5,211 shares during the period. Investec Asset Management LTD increased its holdings in Goldman Sachs Group by 2.2% during the second quarter. Investec Asset Management LTD now owns 549,907 shares of the investment management company’s stock worth $112,511,000 after buying an additional 12,063 shares during the last quarter. Endurance Wealth Management Inc. increased its holdings in Goldman Sachs Group by 4.8% during the second quarter. Endurance Wealth Management Inc. now owns 10,219 shares of the investment management company’s stock worth $2,091,000 after buying an additional 465 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Goldman Sachs Group by 26.3% during the second quarter. First Trust Advisors LP now owns 229,532 shares of the investment management company’s stock worth $46,962,000 after buying an additional 47,809 shares during the last quarter. Institutional investors and hedge funds own 69.55% of the company’s stock.

Goldman Sachs Group Company Profile (NYSE:GS)

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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