The Goldman Sachs Group, Inc. (NYSE:GS) Receives $594.27 Average PT from Brokerages

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) has been given an average recommendation of "Hold" by the eighteen ratings firms that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $591.93.

A number of research analysts recently commented on GS shares. HSBC downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Wells Fargo & Company reissued an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Citigroup dropped their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $15.98 on Friday, hitting $581.12. 1,874,236 shares of the stock traded hands, compared to its average volume of 2,239,549. The company's fifty day moving average is $610.89 and its 200 day moving average is $569.20. The Goldman Sachs Group has a 1-year low of $387.12 and a 1-year high of $672.19. The company has a market capitalization of $181.33 billion, a PE ratio of 14.33, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

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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, beating analysts' consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

Insider Activity

In related news, CAO Sheara J. Fredman sold 2,034 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.54% of the company's stock.

Institutional Trading of The Goldman Sachs Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

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.