2 days Ago By ABMN Staff
The Goldman Sachs Group, Inc. ( NYSE:GS – Get Free Report )’s stock price traded up 2.1% on Thursday after Citigroup raised their price target on the stock from $485.
00 to $585.00. Citigroup currently has a neutral rating on the stock.
The Goldman Sachs Group traded as high as $594.77 and last traded at $594.20.
474,126 shares changed hands during trading, a decline of 79% from the average session volume of 2,213,516 shares. The stock had previously closed at $581.93.
Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $472.
00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.
00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.
00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.
00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $542.00. Check Out Our Latest Stock Analysis on GS Insider Activity Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company.
Sculati Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 8,168 shares of the investment management company’s stock valued at $4,044,000 after acquiring an additional 25 shares during the period.
Anchor Investment Management LLC increased its position in shares of The Goldman Sachs Group by 29.1% in the third quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company’s stock valued at $2,094,000 after buying an additional 953 shares in the last quarter.
Tudor Financial Inc. acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $228,000. Chelsea Counsel Co.
lifted its position in shares of The Goldman Sachs Group by 400.0% during the 3rd quarter. Chelsea Counsel Co.
now owns 375 shares of the investment management company’s stock valued at $186,000 after buying an additional 300 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in The Goldman Sachs Group by 8.8% in the 3rd quarter.
SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock valued at $1,759,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Stock Performance The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.
32. The firm’s fifty day moving average is $529.52 and its 200 day moving average is $493.
78. The company has a market cap of $189.21 billion, a PE ratio of 17.
69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.35.
The Goldman Sachs Group ( NYSE:GS – Get Free Report ) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.
89 by $1.51. The Goldman Sachs Group had a net margin of 9.
89% and a return on equity of 11.39%. The firm had revenue of $12.
70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period last year, the company posted $5.
47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year.
As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.
The Goldman Sachs Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a $3.00 dividend.
The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 1.
99%. The Goldman Sachs Group’s payout ratio is currently 35.21%.
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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