The Goldman Sachs Group (NYSE:GS) PT Raised to $614.00

The Goldman Sachs Group (NYSE:GS) had its price objective hoisted by Oppenheimer from $577.00 to $614.00 in a research report released on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the investment management company’s stock.

Other equities research analysts also recently issued reports about the stock. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Finally, JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group Stock Down 0.1 %

GS opened at $528.36 on Wednesday. The company’s 50-day moving average price is $498.15 and its two-hundred day moving average price is $469.05. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $540.51. The stock has a market cap of $170.38 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period last year, the business posted $5.47 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.27%. The Goldman Sachs Group’s payout ratio is presently 46.86%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Calton & Associates Inc. grew its holdings in shares of The Goldman Sachs Group by 453.3% during the 3rd quarter. Calton & Associates Inc. now owns 10,281 shares of the investment management company’s stock valued at $5,090,000 after purchasing an additional 8,423 shares during the last quarter. Vest Financial LLC grew its stake in shares of The Goldman Sachs Group by 196.1% during the third quarter. Vest Financial LLC now owns 1,510 shares of the investment management company’s stock valued at $748,000 after buying an additional 1,000 shares during the last quarter. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at about $30,000. Cyndeo Wealth Partners LLC increased its holdings in shares of The Goldman Sachs Group by 14.2% in the third quarter. Cyndeo Wealth Partners LLC now owns 3,769 shares of the investment management company’s stock worth $1,866,000 after buying an additional 468 shares during the period. Finally, Werba Rubin Papier Wealth Management bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

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.