Analysts Set The Goldman Sachs Group, Inc. (NYSE:GS) Target Price at $792.67

Shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) have earned an average rating of “Hold” from the twenty-two ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $792.6667.

A number of research firms recently issued reports on GS. Dbs Bank boosted their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Morgan Stanley cut their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Rothschild & Co Redburn boosted their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Citigroup upped their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th.

Read Our Latest Stock Report on GS

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

Institutional Investors Weigh In On The Goldman Sachs Group

Several large investors have recently made changes to their positions in GS. Harbor Capital Advisors Inc. acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth about $28,000. Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $29,000. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $901.67 on Friday. The stock has a fifty day moving average price of $814.92 and a 200 day moving average price of $759.06. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $919.10. The firm has a market capitalization of $270.44 billion, a P/E ratio of 18.32, a PEG ratio of 1.18 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the business earned $8.40 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

About The Goldman Sachs Group

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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