Goldman Sachs Group (GS) Given Hold Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their hold rating on shares of Goldman Sachs Group (NYSE:GS) in a report issued on Thursday morning. They currently have a $260.00 target price on the investment management company’s stock.

A number of other analysts have also issued reports on the company. Vertical Group raised Goldman Sachs Group from a sell rating to a hold rating in a research report on Friday, December 8th. Bank of America boosted their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the company a buy rating in a research report on Thursday, December 7th. Wells Fargo & Co reissued an outperform rating and issued a $295.00 target price (up previously from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Morgan Stanley boosted their target price on Goldman Sachs Group from $265.00 to $287.00 and gave the company an overweight rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research raised Goldman Sachs Group from a hold rating to a buy rating and set a $291.00 target price on the stock in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $254.67.

Shares of Goldman Sachs Group (NYSE:GS) traded up $5.15 during midday trading on Thursday, reaching $256.12. The company’s stock had a trading volume of 4,638,173 shares, compared to its average volume of 2,920,000. The stock has a market capitalization of $96,610.00, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group has a 52 week low of $209.62 and a 52 week high of $262.14.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.08 earnings per share. analysts predict that Goldman Sachs Group will post 21.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio (DPR) is 34.60%.

In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,833 shares of company stock valued at $23,309,552. Insiders own 2.57% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Goldman Sachs Group by 9.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after purchasing an additional 7,736 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Goldman Sachs Group by 5.9% during the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after purchasing an additional 4,390 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Goldman Sachs Group by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Goldman Sachs Group by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after purchasing an additional 4,714 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Goldman Sachs Group by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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