Goldman Sachs Group, Inc. (The) (NYSE:GS)‘s stock had its “outperform” rating reiterated by research analysts at CLSA in a report issued on Friday. They presently have a $275.00 target price on the investment management company’s stock. CLSA’s target price suggests a potential upside of 12.57% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Guggenheim upgraded Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating and raised their target price for the company from $174.95 to $175.51 in a report on Thursday, October 20th. J P Morgan Chase & Co set a $176.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Thursday, September 22nd. Zacks Investment Research upgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Tuesday, September 20th. Nomura restated a “buy” rating and issued a $197.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, September 29th. Finally, Citigroup Inc. raised their target price on Goldman Sachs Group, Inc. (The) from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, October 10th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $211.60.

Analyst Recommendations for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.19% on Friday, reaching $244.30. The company’s stock had a trading volume of 4,186,076 shares. The firm’s 50 day moving average is $236.29 and its 200-day moving average is $185.78. Goldman Sachs Group, Inc. has a 52-week low of $138.20 and a 52-week high of $247.77. The stock has a market cap of $102.31 billion, a P/E ratio of 19.61 and a beta of 1.61.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.79 by $1.09. Goldman Sachs Group, Inc. (The) had a return on equity of 9.73% and a net margin of 19.58%. The company had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the company earned $4.51 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $15.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, November 29th. This represents a $2.60 annualized dividend and a yield of 1.06%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 20.72%.

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In other Goldman Sachs Group, Inc. (The) news, EVP Alan M. Cohen sold 5,000 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $181.19, for a total transaction of $905,950.00. Following the sale, the executive vice president now directly owns 61,444 shares in the company, valued at approximately $11,133,038.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $180.00, for a total value of $479,520.00. Following the sale, the insider now owns 13,075 shares in the company, valued at $2,353,500. The disclosure for this sale can be found here. Company insiders own 2.61% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at $102,000. Bamco Inc. NY purchased a new position in Goldman Sachs Group, Inc. (The) during the third quarter valued at $129,000. Alpha Windward LLC boosted its position in Goldman Sachs Group, Inc. (The) by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the last quarter. Cedar Wealth Management LLC boosted its position in Goldman Sachs Group, Inc. (The) by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock valued at $141,000 after buying an additional 284 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in Goldman Sachs Group, Inc. (The) by 227.3% in the third quarter. Sandy Spring Bank now owns 1,018 shares of the investment management company’s stock valued at $164,000 after buying an additional 707 shares during the last quarter. 69.43% of the stock is currently owned by hedge funds and other institutional investors.

About Goldman Sachs Group, Inc. (The)

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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