Goldman Sachs Group Inc (NYSE:GS) was downgraded by Vetr from a “hold” rating to a “strong sell” rating in a research note issued on Thursday. They presently have a $175.30 target price on the investment management company’s stock. Vetr‘s price target would suggest a potential downside of 19.16% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, February 10th. JPMorgan Chase & Co. set a $243.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Monday, December 12th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, December 23rd. HSBC Holdings plc reaffirmed a “buy” rating and issued a $291.00 price objective on shares of Goldman Sachs Group in a research note on Monday, March 27th. Finally, Barclays PLC raised their price objective on shares of Goldman Sachs Group from $210.00 to $262.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $228.94.
Goldman Sachs Group (NYSE:GS) traded down 0.55% during midday trading on Thursday, reaching $216.86. The company’s stock had a trading volume of 4,050,146 shares. Goldman Sachs Group has a 52-week low of $138.20 and a 52-week high of $255.15. The firm has a 50-day moving average price of $234.95 and a 200 day moving average price of $222.35. The stock has a market capitalization of $89.96 billion, a price-to-earnings ratio of 13.31 and a beta of 1.50. Goldman Sachs Group also was the target of unusually large options trading activity on Tuesday. Stock investors purchased 8,747 call options on the stock. This is an increase of 212% compared to the typical daily volume of 2,801 call options.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, April 18th. The investment management company reported $5.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.31 by $0.16. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $8.33 billion. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.68 earnings per share. Equities research analysts predict that Goldman Sachs Group will post $19.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, May 30th. Goldman Sachs Group’s payout ratio is presently 15.89%.
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In other news, EVP John F.W. Rogers sold 32,325 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $250.06, for a total value of $8,083,189.50. Following the completion of the sale, the executive vice president now directly owns 94,458 shares in the company, valued at approximately $23,620,167.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edith W. Cooper sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $236.74, for a total transaction of $990,993.64. Following the completion of the sale, the executive vice president now owns 26,867 shares of the company’s stock, valued at $6,360,493.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,990 shares of company stock valued at $22,362,560. Company insiders own 2.61% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in shares of Goldman Sachs Group during the fourth quarter valued at approximately $109,000. Parallel Advisors LLC purchased a new position in shares of Goldman Sachs Group during the fourth quarter valued at approximately $121,000. Alpha Windward LLC increased its position in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new position in shares of Goldman Sachs Group during the fourth quarter valued at approximately $158,000. Finally, Cedar Wealth Management LLC increased its position in shares of Goldman Sachs Group by 3.9% in the third quarter. Cedar Wealth Management LLC now owns 983 shares of the investment management company’s stock valued at $159,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.
About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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