The Goldman Sachs Group (NYSE:GS) Price Target Raised to $748.00 at Rothschild & Co Redburn

The Goldman Sachs Group (NYSE:GS) had its target price upped by Rothschild & Co Redburn from $608.00 to $748.00 in a research report released on Friday morning,MarketScreener reports. Rothschild & Co Redburn currently has a neutral rating on the investment management company’s stock.

GS has been the subject of a number of other reports. Daiwa Capital Markets increased their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price for the company. Royal Bank Of Canada raised their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday. HSBC upped their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Dbs Bank lifted their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $787.06.

The Goldman Sachs Group Trading Down 2.5%

GS opened at $887.90 on Friday. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. The firm has a market capitalization of $266.31 billion, a PE ratio of 18.04, a P/E/G ratio of 1.20 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50-day moving average is $800.00 and its 200 day moving average is $743.23.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.40 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Institutional Investors Weigh In On The Goldman Sachs Group

Several large investors have recently modified their holdings of GS. Dogwood Wealth Management LLC lifted its stake in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at $26,000. First PREMIER Bank purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $28,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $29,000. Finally, Clearstead Trust LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter worth $31,000. Hedge funds and other institutional investors 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.