Shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) have been assigned a consensus rating of “Hold” from the thirty-three ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $244.54.

Several research firms have commented on GS. Zacks Investment Research raised shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research report on Friday, October 20th. BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Buckingham Research reissued a “neutral” rating and set a $243.00 target price (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 10th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 target price on the stock. Finally, Berenberg Bank reissued a “sell” rating and set a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st.

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In other news, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 62,879 shares of company stock valued at $15,082,476 over the last 90 days. Company insiders own 2.57% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at $101,000. WealthTrust Arizona LLC grew its position in shares of Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. grew its position in shares of Goldman Sachs Group, Inc. (The) by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at $111,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) opened at 241.71 on Friday. The firm has a market cap of $93.83 billion, a P/E ratio of 12.59 and a beta of 1.41. The firm’s 50-day moving average price is $236.03 and its 200-day moving average price is $226.25. Goldman Sachs Group, Inc. has a 12 month low of $174.73 and a 12 month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter last year, the firm earned $4.88 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Goldman Sachs Group, Inc. will post $19.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.24%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.63%.

Goldman Sachs Group, Inc. (The) Company Profile

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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