Goldman Sachs Group, Inc. (The) (NYSE:GS)‘s stock had its “neutral” rating restated by equities research analysts at Buckingham Research in a research report issued to clients and investors on Monday. They currently have a $243.00 target price on the investment management company’s stock, up from their previous target price of $235.00. Buckingham Research’s target price would indicate a potential upside of 7.60% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada decreased their price objective on Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. Atlantic Securities raised Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $214.00 to $254.00 in a report on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a report on Saturday, May 6th. JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a $291.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, March 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $236.87.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.25% on Monday, reaching $225.84. 2,357,261 shares of the company’s stock were exchanged. The firm has a market cap of $92.44 billion, a PE ratio of 12.02 and a beta of 1.42. The company has a 50 day moving average price of $220.24 and a 200 day moving average price of $232.67. Goldman Sachs Group, Inc. has a one year low of $148.31 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing the Zacks’ consensus estimate of $5.31 by $0.16. Goldman Sachs Group, Inc. (The) had a return on equity of 11.26% and a net margin of 26.38%. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $8.33 billion. During the same period in the prior year, the firm posted $2.68 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Analysts expect that Goldman Sachs Group, Inc. will post $18.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 1st were paid a dividend of $0.75 per share. This is a boost from Goldman Sachs Group, Inc. (The)’s previous quarterly dividend of $0.65. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Tuesday, May 30th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.93%.

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Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares during the period. Vanguard Group Inc. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock worth $5,460,072,000 after buying an additional 1,001,162 shares during the period. State Street Corp boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 2.7% in the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock worth $5,249,408,000 after buying an additional 603,165 shares during the period. Dodge & Cox bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter worth $3,399,521,000. Finally, FMR LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares during the period. Hedge funds and other institutional investors own 75.11% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

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.

Analyst Recommendations for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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