BMO Capital Markets Reiterates Hold Rating for Goldman Sachs Group (GS)

BMO Capital Markets restated their hold rating on shares of Goldman Sachs Group (NYSE:GS) in a research report report published on Thursday morning.

A number of other research analysts have also weighed in on GS. Zacks Investment Research lowered shares of Goldman Sachs Group from a hold rating to a sell rating in a research note on Tuesday, January 8th. TheStreet upgraded shares of Goldman Sachs Group from a c+ rating to a b- rating in a research note on Tuesday, February 5th. Morgan Stanley lowered shares of Goldman Sachs Group to a sell rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. reiterated a buy rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a research note on Tuesday, October 16th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $254.88.

Goldman Sachs Group stock opened at $191.67 on Thursday. Goldman Sachs Group has a 52 week low of $151.70 and a 52 week high of $275.31. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 2.49. The company has a market cap of $71.30 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.11 and a beta of 1.22.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.35%. The firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter last year, the firm earned $5.68 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Goldman Sachs Group will post 23.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.67%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 12.66%.

In other news, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total transaction of $2,606,002.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in Goldman Sachs Group by 17,481.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after acquiring an additional 16,546,702 shares in the last quarter. Capital International Investors grew its position in Goldman Sachs Group by 2,110.7% in the third quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock worth $1,094,958,000 after acquiring an additional 4,662,095 shares in the last quarter. Jennison Associates LLC grew its position in Goldman Sachs Group by 17.8% in the fourth quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after acquiring an additional 710,479 shares in the last quarter. Prudential Financial Inc. grew its position in Goldman Sachs Group by 83.4% in the third quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock worth $230,062,000 after acquiring an additional 466,410 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Goldman Sachs Group in the third quarter worth $82,012,000. Hedge funds and other institutional investors own 74.86% of the company’s stock.

About Goldman Sachs Group

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.

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Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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