The Goldman Sachs Group, Inc. (NYSE:GS) Receives Average Rating of "Hold" from Analysts

Shares of The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) have earned a consensus rating of "Hold" from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $595.67.

Several research firms have issued reports on GS. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank Of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Evercore ISI decreased their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, Wells Fargo & Company lowered their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter worth approximately $1,766,238,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $944,334,000. Finally, Nuveen LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter worth approximately $897,185,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS opened at $690.75 on Friday. The business's 50-day moving average price is $598.32 and its two-hundred day moving average price is $587.09. The Goldman Sachs Group has a 1 year low of $437.37 and a 1 year high of $694.20. The company has a market capitalization of $211.95 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the business posted $11.58 EPS. Equities analysts expect that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

About The Goldman Sachs Group

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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