The Goldman Sachs Group's (GS) "Market Perform" Rating Reiterated at Citizens Jmp

Citizens Jmp reiterated their market perform rating on shares of The Goldman Sachs Group (NYSE:GS - Free Report) in a report issued on Monday morning, Marketbeat.com reports.

GS has been the subject of several other research reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research note on Friday, April 4th. Barclays cut their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $614.00.

The Goldman Sachs Group Stock Up 1.2%

Shares of GS stock traded up $8.35 during trading hours on Monday, reaching $713.30. The company had a trading volume of 1,906,409 shares, compared to its average volume of 2,675,894. The company has a market cap of $218.87 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35. 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 has a 12 month low of $437.37 and a 12 month high of $726.00. The business has a fifty day simple moving average of $632.13 and a 200-day simple moving average of $596.59.

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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the firm posted $11.58 EPS. On average, research analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GS. Deutsche Bank AG lifted its position in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after acquiring an additional 138,198 shares in the last quarter. Baxter Bros Inc. lifted its holdings in The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter worth about $321,000. Terra Nova Asset Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth about $1,643,000. Finally, Strategic Blueprint LLC grew its holdings in The Goldman Sachs Group by 15.2% during the 1st quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock valued at $1,787,000 after buying an additional 432 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

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.