Vining Sparks Reaffirms “Hold” Rating for Goldman Sachs Group (GS)

Vining Sparks reaffirmed their hold rating on shares of Goldman Sachs Group (NYSE:GS) in a research report released on Monday morning. Vining Sparks currently has a $270.00 price target on the investment management company’s stock.

A number of other analysts also recently commented on the company. Vertical Group upgraded Goldman Sachs Group from a sell rating to a hold rating in a research report on Friday, December 8th. Bank of America raised their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, October 19th. Morgan Stanley raised their price objective on Goldman Sachs Group from $265.00 to $287.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Co reiterated an outperform rating and issued a $295.00 price objective (up previously from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group has an average rating of Hold and a consensus price target of $251.90.

Shares of Goldman Sachs Group (GS) traded up $1.90 during mid-day trading on Monday, hitting $257.03. The company’s stock had a trading volume of 2,849,176 shares, compared to its average volume of 2,860,000. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 52 week low of $209.62 and a 52 week high of $262.14. The company has a market cap of $96,950.00, a P/E ratio of 13.35, a P/E/G ratio of 1.02 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same quarter last year, the company earned $4.88 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts expect that Goldman Sachs Group will post 19.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a dividend of $0.75 per share. The ex-dividend date was Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.17%. Goldman Sachs Group’s dividend payout ratio is 15.58%.

In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory K. Palm sold 4,620 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock valued at $32,435,160 over the last ninety days. Insiders own 2.57% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GS. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group during the 2nd quarter valued at $101,000. Sterling Investment Advisors Ltd. increased its holdings in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $111,000. Gs Investments Inc. acquired a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $111,000. Finally, First Personal Financial Services increased its stake in shares of Goldman Sachs Group by 230.2% in the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after buying an additional 366 shares during the period. 73.27% of the stock is owned by hedge funds and other institutional investors.

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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.

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