Keefe, Bruyette & Woods upgraded shares of Goldman Sachs Group Inc. (NYSE:GS) from a market perform rating to an outperform rating in a report released on Tuesday morning. They currently have $240.00 target price on the investment management company’s stock.

Several other analysts also recently issued reports on GS. Vetr raised shares of Goldman Sachs Group from a sell rating to a hold rating and set a $154.43 price target for the company in a research report on Monday, August 1st. Oppenheimer Holdings Inc. set a $222.00 price target on shares of Goldman Sachs Group and gave the company a buy rating in a research report on Wednesday, August 3rd. TheStreet raised shares of Goldman Sachs Group from a hold rating to a buy rating in a research report on Friday, August 5th. Zacks Investment Research raised shares of Goldman Sachs Group from a hold rating to a buy rating and set a $186.00 price target for the company in a research report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. set a $176.00 price target on shares of Goldman Sachs Group and gave the company a buy rating in a research report on Thursday, September 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $184.93.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Goldman Sachs Group (NYSE:GS) opened at 211.75 on Tuesday. The firm has a 50 day moving average of $186.97 and a 200 day moving average of $166.34. Goldman Sachs Group has a 12-month low of $138.20 and a 12-month high of $213.41. The firm has a market capitalization of $88.68 billion, a P/E ratio of 16.99 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, topping the consensus estimate of $3.79 by $1.09. The company earned $8.17 billion during the quarter, compared to the consensus estimate of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.51 EPS. On average, analysts forecast that Goldman Sachs Group will post $15.53 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is 20.72%.

In other news, EVP Alan M. Cohen sold 5,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $181.19, for a total transaction of $905,950.00. Following the completion of the transaction, the executive vice president now owns 61,444 shares of the company’s stock, valued at $11,133,038.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lloyd C. Blankfein sold 2,483 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $206.23, for a total value of $512,069.09. Following the transaction, the chairman now directly owns 1,524,471 shares of the company’s stock, valued at approximately $314,391,654.33. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GS. Chicago Partners Investment Group LLC raised its position in shares of Goldman Sachs Group by 0.4% in the third quarter. Chicago Partners Investment Group LLC now owns 1,046 shares of the investment management company’s stock valued at $169,000 after buying an additional 4 shares during the last quarter. Argent Trust Co increased its stake in Goldman Sachs Group by 0.8% in the third quarter. Argent Trust Co now owns 1,638 shares of the investment management company’s stock worth $264,000 after buying an additional 13 shares during the last quarter. Alpha Cubed Investments LLC increased its stake in Goldman Sachs Group by 0.3% in the third quarter. Alpha Cubed Investments LLC now owns 4,850 shares of the investment management company’s stock worth $782,000 after buying an additional 15 shares during the last quarter. Pitcairn Co. increased its stake in Goldman Sachs Group by 0.4% in the second quarter. Pitcairn Co. now owns 4,947 shares of the investment management company’s stock worth $735,000 after buying an additional 18 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares during the last quarter. 69.61% of the stock is owned by institutional investors.

About Goldman Sachs Group

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.

5 Day Chart for NYSE:GS

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