The Goldman Sachs Group (NYSE:GS) Price Target Raised to $748.00

The Goldman Sachs Group (NYSE:GS) had its price target boosted by Rothschild & Co Redburn from $608.00 to $748.00 in a research report sent to investors on Friday,MarketScreener reports. They currently have a neutral rating on the investment management company’s stock.

A number of other research analysts have also weighed in on GS. Dbs Bank increased their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, November 13th. HSBC upped their target price on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. BNP Paribas Exane raised their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $787.06.

The Goldman Sachs Group Trading Down 2.5%

NYSE GS opened at $887.90 on Friday. The Goldman Sachs Group has a 12-month low of $439.38 and a 12-month high of $919.10. The company has a fifty day simple moving average of $800.00 and a two-hundred day simple moving average of $745.07. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The stock has a market cap of $266.31 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.17 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $8.40 EPS. On average, analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors have recently modified their holdings of GS. Gilliland Jeter Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 3.5% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 13 shares in the last quarter. EWA LLC increased its position in shares of The Goldman Sachs Group by 2.2% during the third quarter. EWA LLC now owns 612 shares of the investment management company’s stock worth $488,000 after purchasing an additional 13 shares in the last quarter. Carrera Capital Advisors raised its stake in The Goldman Sachs Group by 3.5% in the 3rd quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 13 shares during the last quarter. Centerpoint Advisors LLC lifted its holdings in The Goldman Sachs Group by 1.5% in the 3rd quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock valued at $687,000 after purchasing an additional 13 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in The Goldman Sachs Group by 0.9% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock worth $1,185,000 after purchasing an additional 13 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.