Goldman Sachs (GS) Receives Consensus Rating of “Hold” from Analysts

Shares of Goldman Sachs (NYSE:GS) have been given an average rating of “Hold” by the twenty-eight brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $267.12.

Several research firms have recently issued reports on GS. Wells Fargo set a $330.00 price objective on Goldman Sachs and gave the stock a “buy” rating in a report on Sunday, April 8th. Vetr cut Goldman Sachs from a “hold” rating to a “sell” rating and set a $246.36 price objective on the stock. in a report on Wednesday, February 14th. Sanford C. Bernstein began coverage on Goldman Sachs in a report on Monday, April 9th. They set an “outperform” rating and a $300.00 price objective on the stock. Barclays raised their price objective on Goldman Sachs from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley raised their price objective on Goldman Sachs from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th.

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In other Goldman Sachs news, Vice Chairman Pablo J. Salame sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $270.42, for a total value of $2,704,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R. Martin Chavez sold 11,829 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. Insiders sold 66,048 shares of company stock worth $17,668,347 over the last three months. 2.57% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. CAPROCK Group Inc. increased its position in shares of Goldman Sachs by 8.7% during the fourth quarter. CAPROCK Group Inc. now owns 2,551 shares of the investment management company’s stock worth $656,000 after acquiring an additional 205 shares during the last quarter. Alpha Windward LLC increased its position in shares of Goldman Sachs by 24.2% during the fourth quarter. Alpha Windward LLC now owns 1,062 shares of the investment management company’s stock worth $271,000 after acquiring an additional 207 shares during the last quarter. Segment Wealth Management LLC increased its position in shares of Goldman Sachs by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 19,279 shares of the investment management company’s stock worth $4,912,000 after acquiring an additional 210 shares during the last quarter. Doyle Wealth Management increased its position in shares of Goldman Sachs by 0.5% during the fourth quarter. Doyle Wealth Management now owns 46,078 shares of the investment management company’s stock worth $11,739,000 after acquiring an additional 211 shares during the last quarter. Finally, Quadrant Capital Management LLC increased its position in shares of Goldman Sachs by 1.7% during the fourth quarter. Quadrant Capital Management LLC now owns 12,807 shares of the investment management company’s stock worth $3,263,000 after acquiring an additional 215 shares during the last quarter. 73.21% of the stock is currently owned by institutional investors.

Goldman Sachs stock opened at $251.96 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 2.69. The firm has a market cap of $95,716.33, a price-to-earnings ratio of 11.66, a P/E/G ratio of 0.88 and a beta of 1.37. Goldman Sachs has a fifty-two week low of $209.62 and a fifty-two week high of $275.31.

Goldman Sachs (NYSE:GS) last posted its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.58 by $1.37. Goldman Sachs had a return on equity of 12.10% and a net margin of 14.27%. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the firm earned $5.15 earnings per share. The business’s revenue was up 25.0% on a year-over-year basis. research analysts anticipate that Goldman Sachs will post 23.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be given a $0.80 dividend. The ex-dividend date is Wednesday, May 30th. This is a positive change from Goldman Sachs’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.27%. Goldman Sachs’s dividend payout ratio (DPR) is 15.18%.

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About Goldman Sachs

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

Analyst Recommendations for Goldman Sachs (NYSE:GS)

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