Goldman Sachs Group Inc. (NYSE:GS) gapped up prior to trading on Friday . The stock had previously closed at $157.75, but opened at $158.05. Goldman Sachs Group shares last traded at $161.60, with a volume of 1,400,490 shares.

Several research firms recently weighed in on GS. Vetr raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $153.68 price objective for the company in a report on Tuesday, July 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $214.00 price target (down from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, July 6th. Societe Generale set a $120.00 price target on shares of Goldman Sachs Group and gave the company a “sell” rating in a report on Friday, May 6th. Berenberg Bank started coverage on shares of Goldman Sachs Group in a report on Wednesday, July 13th. They issued a “hold” rating and a $140.00 price target for the company. Finally, Citigroup Inc. reissued a “buy” rating on shares of Goldman Sachs Group in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $179.66.

The firm’s 50 day moving average is $153.97 and its 200-day moving average is $154.94. The firm has a market capitalization of $69.12 billion and a P/E ratio of 15.37.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, July 19th. The investment management company reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.72. The business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter last year, the firm earned $1.98 EPS. Equities analysts anticipate that Goldman Sachs Group Inc. will post $14.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 1st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, August 30th.

Other large investors have recently made changes to their positions in the company. Pitcairn Co. raised its stake in shares of Goldman Sachs Group by 3.3% in the fourth quarter. Pitcairn Co. now owns 5,573 shares of the investment management company’s stock worth $1,005,000 after buying an additional 177 shares in the last quarter. Courier Capital Corp raised its stake in shares of 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 worth $1,048,000 after buying an additional 170 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of 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 worth $1,062,000 after buying an additional 210 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 worth $1,214,000 after buying an additional 6,502 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Goldman Sachs Group by 417.6% in the fourth quarter. Marshall Wace LLP now owns 8,095 shares of the investment management company’s stock worth $1,459,000 after buying an additional 6,531 shares in the last quarter.

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

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