Goldman Sachs Group Inc (NYSE:GS) – Equities researchers at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Goldman Sachs Group in a research note issued on Tuesday. Oppenheimer analyst C. Kotowski anticipates that the investment management company will post earnings of $5.41 per share for the quarter. Oppenheimer also issued estimates for Goldman Sachs Group’s Q2 2018 earnings at $4.86 EPS, Q3 2018 earnings at $5.33 EPS, Q4 2018 earnings at $5.59 EPS, FY2018 earnings at $21.18 EPS and FY2019 earnings at $24.00 EPS.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter last year, the company earned $4.88 EPS. The company’s revenue was up 2.0% on a year-over-year basis.

A number of other research firms have also commented on GS. Credit Suisse Group lowered Goldman Sachs Group from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. BMO Capital Markets raised their price objective on Goldman Sachs Group from $202.00 to $217.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, TheStreet lowered Goldman Sachs Group from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $251.11.

Goldman Sachs Group (NYSE GS) traded up $3.99 during trading on Thursday, reaching $257.28. The company’s stock had a trading volume of 1,007,469 shares, compared to its average volume of 2,750,000. Goldman Sachs Group has a 12-month low of $209.62 and a 12-month high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $97,020.00, a price-to-earnings ratio of 13.37, a PEG ratio of 1.02 and a beta of 1.47.

Several hedge funds have recently bought and sold shares of GS. Washington Trust Bank increased its position in Goldman Sachs Group by 7.1% in the 4th quarter. Washington Trust Bank now owns 31,187 shares of the investment management company’s stock valued at $7,945,000 after buying an additional 2,062 shares in the last quarter. AXA increased its position in Goldman Sachs Group by 17.0% in the 3rd quarter. AXA now owns 107,355 shares of the investment management company’s stock valued at $25,463,000 after buying an additional 15,615 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Goldman Sachs Group in the 3rd quarter valued at about $2,162,000. Crestwood Advisors Group LLC increased its position in Goldman Sachs Group by 0.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 57,976 shares of the investment management company’s stock valued at $13,751,000 after buying an additional 325 shares in the last quarter. Finally, Coastline Trust Co increased its position in Goldman Sachs Group by 25.0% in the 3rd quarter. Coastline Trust Co now owns 1,500 shares of the investment management company’s stock valued at $356,000 after buying an additional 300 shares in the last quarter. 73.27% of the stock is owned by hedge funds and other institutional investors.

In other news, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 20,490 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.01, for a total value of $4,876,824.90. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock worth $32,435,160 over the last ninety days. Company insiders own 2.57% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, November 29th. Goldman Sachs Group’s payout ratio is presently 15.58%.

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Goldman Sachs Group 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.

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