Goldman Sachs (GS) Receives $258.79 Average Target Price from Analysts

Goldman Sachs (NYSE:GS) has been given a consensus recommendation of “Hold” by the twenty-nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $257.11.

A number of brokerages recently commented on GS. Vertical Group upgraded Goldman Sachs from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Bank of America lifted their price objective on Goldman Sachs from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Vetr lowered Goldman Sachs from a “hold” rating to a “sell” rating and set a $246.36 price objective for the company. in a research report on Wednesday, February 14th. Barclays lifted their price objective on Goldman Sachs from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research lowered Goldman Sachs from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th.

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Shares of Goldman Sachs stock traded up $2.49 during trading on Wednesday, reaching $251.86. The company’s stock had a trading volume of 3,073,925 shares, compared to its average volume of 2,942,871. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09. Goldman Sachs has a one year low of $209.62 and a one year high of $275.31. The stock has a market capitalization of $95,678.34, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.90 and a beta of 1.33.

Goldman Sachs (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the company earned $5.08 earnings per share. sell-side analysts anticipate that Goldman Sachs will post 21.83 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.19%. Goldman Sachs’s payout ratio is currently 15.18%.

In related news, insider Brian J. Lee sold 6,738 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total value of $1,778,292.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,548 shares of company stock valued at $22,064,172 over the last 90 days. Corporate insiders own 2.57% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. CAPROCK Group Inc. grew its position in shares of Goldman Sachs by 8.7% in the 4th quarter. CAPROCK Group Inc. now owns 2,551 shares of the investment management company’s stock valued at $656,000 after purchasing an additional 205 shares during the period. Alpha Windward LLC grew its position in shares of Goldman Sachs by 24.2% in the 4th quarter. Alpha Windward LLC now owns 1,062 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 207 shares during the period. Segment Wealth Management LLC grew its position in shares of Goldman Sachs by 1.1% in the 4th quarter. Segment Wealth Management LLC now owns 19,279 shares of the investment management company’s stock valued at $4,912,000 after purchasing an additional 210 shares during the period. Doyle Wealth Management grew its position in shares of Goldman Sachs by 0.5% in the 4th quarter. Doyle Wealth Management now owns 46,078 shares of the investment management company’s stock valued at $11,739,000 after purchasing an additional 211 shares during the period. Finally, Quadrant Capital Management LLC grew its position in shares of Goldman Sachs by 1.7% in the 4th quarter. Quadrant Capital Management LLC now owns 12,807 shares of the investment management company’s stock valued at $3,263,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 73.18% of the company’s stock.

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About Goldman Sachs

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.

Analyst Recommendations for Goldman Sachs (NYSE:GS)

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