Daiwa Capital Markets downgraded shares of The Goldman Sachs Group (NYSE:GS - Free Report) from an outperform rating to a neutral rating in a research report report published on Friday morning, Marketbeat Ratings reports. Daiwa Capital Markets currently has $560.00 target price on the investment management company's stock.
A number of other analysts have also recently weighed in on GS. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $582.88.
Get Our Latest Stock Analysis on GS
The Goldman Sachs Group Price Performance
Shares of The Goldman Sachs Group stock traded up $2.43 during trading on Friday, reaching $467.94. 2,159,558 shares of the company's stock were exchanged, compared to its average volume of 2,340,638. The firm's 50-day moving average price is $594.18 and its 200 day moving average price is $573.71. The company has a market cap of $146.01 billion, a P/E ratio of 11.49, a PEG ratio of 0.89 and a beta of 1.33. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group has a 1-year low of $387.12 and a 1-year high of $672.19.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 earnings per share. The business's quarterly revenue was up 22.5% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is 29.59%.
Insider Buying and Selling
In related news, Director Kevin R. Johnson acquired 2,400 shares of the company's stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares of the company's stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 over the last 90 days. Company insiders own 0.55% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in GS. GAMMA Investing LLC lifted its holdings in shares of The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. Norges Bank acquired a new position in The Goldman Sachs Group during the fourth quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $944,334,000. Raymond James Financial Inc. acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $624,844,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after acquiring an additional 1,052,204 shares during the last quarter. Institutional investors own 71.21% of the company's stock.
About The Goldman Sachs Group
(
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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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