Shares of Goldman Sachs Group Inc. (NYSE:GS) shot up 2.7% during trading on Thursday . The company traded as high as $162.28 and last traded at $162.20, with a volume of 2,472,562 shares. The stock had previously closed at $157.92.

A number of brokerages recently commented on GS. Vetr raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $153.68 price target for the company in a research note on Tuesday, July 5th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $214.00 price target (down previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, July 6th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Goldman Sachs Group in a research note on Sunday, March 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, March 31st. Finally, Societe Generale set a $120.00 price target on Goldman Sachs Group and gave the stock a “sell” rating in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $178.93.

The stock has a 50-day moving average of $151.14 and a 200 day moving average of $155.74. The stock has a market cap of $70.67 billion and a price-to-earnings ratio of 18.28.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, April 19th. The investment management company reported $2.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. During the same quarter in the prior year, the company posted $5.94 earnings per share. The firm earned $6.34 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Goldman Sachs Group’s quarterly revenue was down 40.3% compared to the same quarter last year. Equities analysts anticipate that Goldman Sachs Group Inc. will post $13.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, May 27th.

In other news, insider Sarah G. Smith sold 2,664 shares of the business’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $162.00, for a total value of $431,568.00. Following the completion of the transaction, the insider now directly owns 13,075 shares of the company’s stock, valued at approximately $2,118,150. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Several hedge funds and institutional investors recently added to or reduced their stakes in the company. Pitcairn Co. raised its position in Goldman Sachs Group by 3.3% in the fourth quarter. Pitcairn Co. now owns 5,573 shares of the investment management company’s stock valued at $1,005,000 after buying an additional 177 shares during the last quarter. Essex Financial Services Inc. raised its position in Goldman Sachs Group by 15.6% in the fourth quarter. Essex Financial Services Inc. now owns 5,653 shares of the investment management company’s stock valued at $1,019,000 after buying an additional 763 shares during the last quarter. Courier Capital Corp raised its position in Goldman Sachs Group by 3.0% in the fourth quarter. Courier Capital Corp now owns 5,815 shares of the investment management company’s stock valued at $1,048,000 after buying an additional 170 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Goldman Sachs Group by 3.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,891 shares of the investment management company’s stock valued at $1,062,000 after buying an additional 210 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Goldman Sachs Group by 2,755.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,738 shares of the investment management company’s stock valued at $1,214,000 after buying an additional 6,502 shares during the last quarter.

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals.

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