Goldman Sachs Group Inc (NYSE:GS) has earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $272.64.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 price objective on the stock in a report on Tuesday, November 13th. Bank of America cut their price objective on shares of Goldman Sachs Group to $280.00 in a report on Sunday. Wolfe Research began coverage on Goldman Sachs Group in a research note on Tuesday, September 25th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, October 16th. Finally, BMO Capital Markets lifted their target price on Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call.
A number of hedge funds have recently bought and sold shares of the business. Prio Wealth Limited Partnership grew its holdings in shares of Goldman Sachs Group by 3.5% during the third quarter. Prio Wealth Limited Partnership now owns 127,554 shares of the investment management company’s stock worth $28,602,000 after purchasing an additional 4,344 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of Goldman Sachs Group by 935.0% during the third quarter. Dubuque Bank & Trust Co. now owns 18,703 shares of the investment management company’s stock worth $4,194,000 after purchasing an additional 16,896 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Goldman Sachs Group by 72.0% during the third quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock worth $1,317,725,000 after purchasing an additional 5,248 shares in the last quarter. Smithbridge Asset Management Inc. DE grew its holdings in shares of Goldman Sachs Group by 15.6% during the third quarter. Smithbridge Asset Management Inc. DE now owns 10,191 shares of the investment management company’s stock worth $2,285,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Goldman Sachs Group by 6.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 110,521 shares of the investment management company’s stock worth $24,378,000 after purchasing an additional 6,535 shares in the last quarter. 70.94% of the stock is owned by institutional investors and hedge funds.
NYSE GS opened at $190.69 on Monday. Goldman Sachs Group has a 12-month low of $188.12 and a 12-month high of $275.31. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $70.93 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.11.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.38 by $0.90. The firm had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.02 EPS. On average, sell-side analysts expect that Goldman Sachs Group will post 25.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s payout ratio is presently 16.19%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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