The Goldman Sachs Group (NYSE:GS - Free Report) had its price target raised by Keefe, Bruyette & Woods from $771.00 to $790.00 in a report released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the investment management company's stock.
Other equities analysts have also recently issued research reports about the stock. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley lifted their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, JMP Securities reissued a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and an average target price of $630.87.
Check Out Our Latest Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Performance
Shares of The Goldman Sachs Group stock traded down $2.20 during trading hours on Thursday, reaching $706.62. The company's stock had a trading volume of 2,043,921 shares, compared to its average volume of 2,370,571. The company's 50 day simple moving average is $641.38 and its 200 day simple moving average is $599.03. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The Goldman Sachs Group has a one year low of $437.37 and a one year high of $726.00. The stock has a market cap of $216.82 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the firm posted $8.62 EPS. The Goldman Sachs Group's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is 27.85%.
Institutional Investors Weigh In On The Goldman Sachs Group
Several institutional investors and hedge funds have recently bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group in the 1st quarter valued at $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the 1st quarter valued at $29,000. Godsey & Gibb Inc. boosted its stake in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Institutional investors own 71.21% of the company's stock.
The Goldman Sachs Group Company Profile
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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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