Goldman Sachs Group Inc. (NYSE:GS) – Stock analysts at Oppenheimer Holdings upped their Q3 2016 earnings per share estimates for Goldman Sachs Group in a research note issued on Monday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will post earnings of $3.62 per share for the quarter, up from their prior estimate of $3.43. Oppenheimer Holdings currently has a “Buy” rating and a $222.00 target price on the stock. Oppenheimer Holdings also issued estimates for Goldman Sachs Group’s Q4 2016 earnings at $4.71 EPS and FY2016 earnings at $14.67 EPS.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the prior year, the firm posted $1.98 EPS.

Earnings History and Estimates for Goldman Sachs Group (NYSE:GS)

GS has been the subject of several other reports. Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price objective for the company in a research report on Thursday, September 29th. Bank of America Corp. restated a “buy” rating and issued a $160.00 price objective (down from $185.00) on shares of Goldman Sachs Group in a research report on Wednesday, June 29th. Citigroup Inc. restated a “buy” rating on shares of Goldman Sachs Group in a research report on Wednesday, June 29th. Finally, Royal Bank Of Canada boosted their price objective on Goldman Sachs Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $181.07.

Shares of Goldman Sachs Group (NYSE:GS) opened at 167.15 on Wednesday. The company’s 50-day moving average price is $166.30 and its 200 day moving average price is $159.19. Goldman Sachs Group has a 12-month low of $138.20 and a 12-month high of $199.90. The stock has a market cap of $71.27 billion, a price-to-earnings ratio of 15.85 and a beta of 1.61.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 1st were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.56%. Goldman Sachs Group’s dividend payout ratio is currently 24.60%.

In other Goldman Sachs Group news, EVP Edith W. Cooper sold 14,000 shares of Goldman Sachs Group stock in a transaction on Friday, August 26th. The stock was sold at an average price of $166.11, for a total value of $2,325,540.00. Following the sale, the executive vice president now owns 33,634 shares in the company, valued at $5,586,943.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sarah G. Smith sold 2,664 shares of Goldman Sachs Group stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total value of $452,880.00. Following the completion of the sale, the insider now owns 13,075 shares in the company, valued at approximately $2,222,750. The disclosure for this sale can be found here. 2.61% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC increased its stake in Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock valued at $155,000 after buying an additional 5 shares in 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 valued at $735,000 after buying an additional 18 shares in the last quarter. Condor Capital Management increased its stake in Goldman Sachs Group by 0.4% in the second quarter. Condor Capital Management now owns 6,177 shares of the investment management company’s stock valued at $918,000 after buying an additional 25 shares in the last quarter. Pacific Global Investment Management CO increased its stake in Goldman Sachs Group by 0.3% in the second quarter. Pacific Global Investment Management CO now owns 10,233 shares of the investment management company’s stock valued at $1,520,000 after buying an additional 29 shares in the last quarter. Finally, AMG National Trust Bank increased its stake in Goldman Sachs Group by 0.3% in the second quarter. AMG National Trust Bank now owns 10,130 shares of the investment management company’s stock valued at $1,505,000 after buying an additional 31 shares in the last quarter. Institutional investors own 70.77% of the company’s stock.

Goldman Sachs Group Company Profile

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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