Goldman Sachs Group Inc (GS) Receives Consensus Recommendation of “Hold” from Brokerages

Goldman Sachs Group Inc (NYSE:GS) has earned a consensus rating of “Hold” from the thirty-two research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $254.36.

Several research analysts have commented on GS shares. Instinet reissued an “outperform” rating and issued a $225.00 price objective (down from $238.00) on shares of Goldman Sachs Group in a research report on Thursday, January 4th. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Vining Sparks reissued a “hold” rating and issued a $270.00 price objective on shares of Goldman Sachs Group in a research report on Monday, January 8th. Barclays raised their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 price objective on Goldman Sachs Group and gave the company a “sell” rating in a research report on Thursday, October 19th.

Goldman Sachs Group (NYSE GS) opened at $249.11 on Tuesday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 52-week low of $209.62 and a 52-week high of $273.79. The company has a market capitalization of $93,960.00, a PE ratio of 28.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same period last year, the company posted $5.08 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. equities research analysts anticipate that Goldman Sachs Group will post 21.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.60%.

In related news, insider David M. Solomon sold 2,400 shares of Goldman Sachs Group stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,414 shares of company stock worth $39,361,490. Corporate insiders own 2.57% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Geller Family Office Services LLC grew its stake in Goldman Sachs Group by 0.3% in the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after purchasing an additional 3 shares in the last quarter. FTB Advisors Inc. grew its stake in Goldman Sachs Group by 0.3% in the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after purchasing an additional 5 shares in the last quarter. King Luther Capital Management Corp grew its stake in Goldman Sachs Group by 0.4% in the second quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after purchasing an additional 7 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Goldman Sachs Group by 1.5% in the second quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock worth $159,000 after purchasing an additional 13 shares in the last quarter. Finally, Keel Point LLC grew its stake in Goldman Sachs Group by 0.4% in the second quarter. Keel Point LLC now owns 4,024 shares of the investment management company’s stock worth $893,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 73.52% of the company’s stock.

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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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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