BidaskClub upgraded shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) from a sell rating to a hold rating in a research note released on Thursday.

A number of other analysts have also recently weighed in on GS. Credit Suisse Group restated a buy rating and issued a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 5th. Keefe, Bruyette & Woods restated an outperform rating on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, April 6th. Vetr cut shares of Goldman Sachs Group, Inc. (The) from a hold rating to a strong sell rating and set a $175.30 price target on the stock. in a report on Thursday, April 6th. Royal Bank Of Canada lowered their price target on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a neutral rating on the stock in a report on Tuesday, April 18th. Finally, Rafferty Capital Markets cut shares of Goldman Sachs Group, Inc. (The) from a buy rating to a hold rating and lowered their price target for the company from $288.00 to $221.00 in a report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has a consensus rating of Hold and an average target price of $235.25.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded up 2.59% on Thursday, reaching $229.79. 3,400,343 shares of the company were exchanged. The company’s 50-day moving average is $224.01 and its 200-day moving average is $229.94. Goldman Sachs Group, Inc. has a 52 week low of $156.18 and a 52 week high of $255.15. The company has a market capitalization of $92.58 billion, a price-to-earnings ratio of 12.05 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.25%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the prior year, the business earned $3.72 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.19 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.31%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

Goldman Sachs Group, Inc. (The) declared that its board has authorized a stock repurchase plan on Tuesday, April 18th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the investment management company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other news, 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 directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.57% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its position in 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 buying an additional 2 shares during the period. Hudock Capital Group LLC raised its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock valued at $259,000 after buying an additional 3 shares during the period. Chicago Partners Investment Group LLC raised its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after buying an additional 3 shares during the period. MV Capital Management Inc. raised its position in Goldman Sachs Group, Inc. (The) by 0.5% in the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock valued at $137,000 after buying an additional 3 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its position in Goldman Sachs Group, Inc. (The) by 0.7% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock valued at $202,000 after buying an additional 6 shares during the period. 73.86% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs Group, Inc. (The) Company Profile

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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