Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Goldman Sachs Group Inc (NYSE:GS) in a report released on Thursday, May 4th. Oppenheimer Holdings Inc. currently has a $268.00 target price on the investment management company’s stock, up from their previous target price of $262.00.
Several other analysts have also recently commented on the stock. HSBC Holdings plc restated a buy rating and set a $291.00 price objective on shares of Goldman Sachs Group in a research note on Monday, March 27th. Vetr upgraded shares of Goldman Sachs Group from a hold rating to a buy rating and set a $235.71 price objective for the company in a research note on Monday, March 27th. Zacks Investment Research cut shares of Goldman Sachs Group from a buy rating to a hold rating in a research note on Wednesday, March 22nd. Citigroup Inc raised shares of Goldman Sachs Group from a sell rating to a neutral rating and set a $225.00 target price for the company in a report on Wednesday, April 19th. Finally, Atlantic Securities raised shares of Goldman Sachs Group from a neutral rating to an overweight rating and lifted their target price for the company from $214.00 to $254.00 in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $234.65.
Shares of Goldman Sachs Group (NYSE:GS) traded up 0.11% during midday trading on Thursday, hitting $215.39. 3,747,072 shares of the stock traded hands. The firm has a market capitalization of $88.16 billion, a PE ratio of 11.46 and a beta of 1.50. The company’s 50-day moving average is $224.01 and its 200 day moving average is $230.24. Goldman Sachs Group has a 52 week low of $138.20 and a 52 week high of $255.15. Goldman Sachs Group also saw unusually large options trading activity on Wednesday. Stock traders bought 40,220 call options on the company. This represents an increase of 213% compared to the average daily volume of 12,864 call options.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing analysts’ consensus estimates of $5.31 by $0.16. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $8.33 billion. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the business earned $2.68 earnings per share. Analysts anticipate that Goldman Sachs Group will post $19.02 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 1st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.65. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.89%.
Several large investors have recently modified their holdings of the company. Simmons Bank increased its stake in shares of Goldman Sachs Group by 15.8% in the third quarter. Simmons Bank now owns 11,403 shares of the investment management company’s stock valued at $1,839,000 after buying an additional 1,560 shares in the last quarter. Outfitter Advisors LTD. increased its stake in shares of Goldman Sachs Group by 2.2% in the third quarter. Outfitter Advisors LTD. now owns 2,280 shares of the investment management company’s stock valued at $368,000 after buying an additional 50 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in shares of Goldman Sachs Group by 3.2% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 1,615 shares of the investment management company’s stock valued at $261,000 after buying an additional 50 shares in the last quarter. Scott & Selber Inc. bought a new stake in shares of Goldman Sachs Group during the third quarter valued at $2,148,000. Finally, Synovus Financial Corp increased its stake in shares of Goldman Sachs Group by 3.3% in the third quarter. Synovus Financial Corp now owns 12,562 shares of the investment management company’s stock valued at $2,023,000 after buying an additional 401 shares in the last quarter. 72.77% of the stock is owned by hedge funds and other institutional investors.
Goldman Sachs Group Company Profile
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.
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