The Goldman Sachs Group, Inc. (NYSE:GS) Receives $593.56 Average PT from Analysts

The Goldman Sachs Group, Inc. (NYSE:GS) has earned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $591.69.

Several brokerages have issued reports on GS. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of 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. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Large investors have recently made changes to their positions in the stock. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $30,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter valued at $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 2.3 %

Shares of NYSE:GS opened at $622.11 on Monday. The Goldman Sachs Group has a 1 year low of $381.42 and a 1 year high of $672.19. The business has a 50 day simple moving average of $616.74 and a two-hundred day simple moving average of $562.46. The firm has a market capitalization of $194.12 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

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.