Goldman Sachs Group (GS) Rating Increased to Hold at Vetr

Vetr upgraded shares of Goldman Sachs Group (NYSE:GS) from a sell rating to a hold rating in a research report released on Thursday. The brokerage currently has $246.36 price target on the investment management company’s stock.

Several other equities analysts also recently commented on the company. Morgan Stanley upped their price objective on Goldman Sachs Group from $294.00 to $297.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Wells Fargo & Co reaffirmed an outperform rating and issued a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $260.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Barclays reaffirmed an equal weight rating and issued a $289.00 price objective (down previously from $308.00) on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Finally, Oppenheimer upped their price objective on Goldman Sachs Group from $301.00 to $313.00 and gave the company an outperform rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $256.75.

Goldman Sachs Group (GS) opened at $249.30 on Thursday. The company has a market capitalization of $94,036.46, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 12-month low of $209.62 and a 12-month high of $273.79.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. Goldman Sachs Group’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.08 EPS. equities research analysts expect that Goldman Sachs Group will post 21.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.

In related news, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total value of $5,950,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 170,243 shares of company stock valued at $42,427,803 over the last 90 days. 2.57% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group increased its position in Goldman Sachs Group by 29.5% during the 2nd quarter. Schroder Investment Management Group now owns 700,138 shares of the investment management company’s stock valued at $157,119,000 after buying an additional 159,329 shares in the last quarter. AMG National Trust Bank increased its position in Goldman Sachs Group by 2.7% during the 2nd quarter. AMG National Trust Bank now owns 10,422 shares of the investment management company’s stock valued at $2,313,000 after buying an additional 278 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in Goldman Sachs Group by 1.2% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 1,900 shares of the investment management company’s stock valued at $422,000 after buying an additional 22 shares in the last quarter. Tredje AP fonden increased its position in Goldman Sachs Group by 14.0% during the 2nd quarter. Tredje AP fonden now owns 36,132 shares of the investment management company’s stock valued at $8,018,000 after buying an additional 4,440 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in Goldman Sachs Group by 20.7% during the 2nd quarter. CIBC World Markets Inc. now owns 167,879 shares of the investment management company’s stock valued at $37,252,000 after buying an additional 28,776 shares in the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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