2 weeks Ago By ABMN Staff
Shares of The Goldman Sachs Group, Inc. ( NYSE:GS – Get Free Report ) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company.
The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $496.44. Several equities analysts have recently commented on GS shares.
Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Citigroup lifted their price target on shares of The Goldman Sachs Group from $460.
00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th.
Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th.
Finally, BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th.
Read Our Latest Stock Report on The Goldman Sachs Group Insider Buying and Selling at The Goldman Sachs Group Institutional Investors Weigh In On The Goldman Sachs Group Large investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC boosted its stake in shares of The Goldman Sachs Group by 10.0% during the 2nd quarter.
Anchor Investment Management LLC now owns 3,277 shares of the investment management company’s stock valued at $1,482,000 after buying an additional 298 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of The Goldman Sachs Group by 116.
3% in the second quarter. Newbridge Financial Services Group Inc. now owns 437 shares of the investment management company’s stock worth $198,000 after buying an additional 235 shares during the period.
Bluefin Capital Management LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $814,000. Lazari Capital Management Inc. grew its stake in shares of The Goldman Sachs Group by 2.
7% in the 2nd quarter. Lazari Capital Management Inc. now owns 1,308 shares of the investment management company’s stock valued at $592,000 after buying an additional 34 shares in the last quarter.
Finally, Sanctuary Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth about $15,155,000. 71.21% of the stock is owned by institutional investors and hedge funds.
The Goldman Sachs Group Trading Up 0.3 % Shares of GS opened at $498.51 on Friday.
The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.
72. The firm has a 50 day simple moving average of $492.25 and a 200-day simple moving average of $458.
99. The stock has a market cap of $160.75 billion, a price-to-earnings ratio of 19.
47, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36.
The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $517.26.
The Goldman Sachs Group ( NYSE:GS – Get Free Report ) last posted its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping analysts’ consensus estimates of $8.
52 by $0.10. The Goldman Sachs Group had a net margin of 9.
36% and a return on equity of 10.56%. The company had revenue of $12.
73 billion for the quarter, compared to the consensus estimate of $12.60 billion. Equities analysts forecast that The Goldman Sachs Group will post 35.
43 EPS for the current fiscal year. The Goldman Sachs Group Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $3.
00 per share. The ex-dividend date was Friday, August 30th. This represents a $12.
00 dividend on an annualized basis and a yield of 2.41%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.
75. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.
The Goldman Sachs Group Company Profile ( Get Free Report 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.
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