The Goldman Sachs Group (NYSE:GS) Stock Rating Upgraded by Argus

Argus upgraded shares of The Goldman Sachs Group (NYSE:GS) from a hold rating to a buy rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. Argus currently has $465.00 price target on the investment management company’s stock.

A number of other research analysts have also recently issued reports on the stock. JMP Securities boosted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a market outperform rating in a report on Tuesday, April 9th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an equal weight rating to an overweight rating and boosted their price objective for the company from $333.00 to $449.00 in a report on Tuesday, January 30th. Edward Jones began coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They set a buy rating for the company. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a neutral rating to an outperform rating and boosted their price objective for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Finally, BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the company a market perform rating in a report on Thursday, January 18th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $434.93.

The Goldman Sachs Group Stock Down 0.2 %

Shares of NYSE GS opened at $403.11 on Tuesday. The firm has a market capitalization of $130.82 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group has a 1 year low of $289.36 and a 1 year high of $419.20. The firm’s 50-day moving average is $396.03 and its 200-day moving average is $365.61.

The Goldman Sachs Group (NYSE:GS) last issued 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 company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $8.79 EPS. Equities analysts expect that The Goldman Sachs Group will post 32.76 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock valued at $13,950,851 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in The Goldman Sachs Group by 13.7% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after acquiring an additional 20,018 shares in the last quarter. Trueblood Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $989,000. TBH Global Asset Management LLC raised its position in shares of The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after purchasing an additional 72 shares during the period. Congress Wealth Management LLC DE raised its position in shares of The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after purchasing an additional 650,918 shares during the period. Finally, Syon Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter valued at about $1,395,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Company Profile

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.