Goldman Sachs Group, Inc. (The) (GS) Price Target Raised to $217.00 at BMO Capital Markets

Goldman Sachs Group, Inc. (The) (NYSE:GS) had its target price increased by BMO Capital Markets from $202.00 to $217.00 in a research note published on Wednesday morning. BMO Capital Markets currently has a market perform rating on the investment management company’s stock.

A number of other research firms also recently issued reports on GS. Deutsche Bank AG reiterated a buy rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Citigroup Inc. reiterated a neutral rating and set a $225.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a hold rating to a sell rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a hold rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. Finally, Capital One Financial Corporation reiterated a buy rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has an average rating of Hold and a consensus target price of $241.16.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.84% on Wednesday, hitting $239.99. The stock had a trading volume of 2,710,664 shares. The stock has a market cap of $93.17 billion, a PE ratio of 12.58 and a beta of 1.41. Goldman Sachs Group, Inc. has a 12 month low of $168.45 and a 12 month high of $255.15. The company has a 50 day moving average price of $232.14 and a 200-day moving average price of $225.54.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The company had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the prior year, the company posted $4.88 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.86 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.63%.

In related news, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the transaction, the executive vice president now owns 80,109 shares in the company, valued at $18,827,217.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 in the last 90 days. Company insiders own 2.57% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its holdings in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock valued at $144,000 after purchasing an additional 2 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 0.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock worth $242,000 after acquiring an additional 3 shares in the last quarter. MV Capital Management Inc. grew its holdings in Goldman Sachs Group, Inc. (The) by 0.5% during the 2nd quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after acquiring an additional 3 shares in the last quarter. Geller Family Office Services LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 0.3% during the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after acquiring an additional 3 shares in the last quarter. Finally, Hudock Capital Group LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after acquiring an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

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, Inc. (The) (NYSE:GS)

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