Goldman Sachs Group Inc. (NYSE:GS)’s share price gapped up before the market opened on Monday after Citigroup raised their price target on the stock from $180.00 to $195.00. The stock had previously closed at $169.71, but opened at $169.83. Citigroup currently has a buy rating on the stock. Goldman Sachs Group shares last traded at $171.49, with a volume of 1,375,399 shares trading hands.

A number of other equities analysts also recently issued reports on GS. Vetr downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating and set a $143.97 price objective for the company. in a report on Wednesday, June 15th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Monday, June 27th. JPMorgan Chase & Co. set a $163.00 price objective on Goldman Sachs Group and gave the stock a “buy” rating in a report on Monday, June 27th. Deutsche Bank AG reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Sunday, June 26th. Finally, Royal Bank Of Canada set a $145.00 price objective on Goldman Sachs Group and gave the stock a “neutral” rating in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $181.82.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Goldman Sachs Group during the second quarter valued at about $102,000. Nelson Roberts Investment Advisors LLC boosted its position in shares of Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. CKW Financial Group boosted its position in shares of Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares during the last quarter. Cedar Wealth Management LLC boosted its position in shares of Goldman Sachs Group 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, Chicago Partners Investment Group LLC boosted its position in shares of 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 during the last quarter. 70.77% of the stock is currently owned by institutional investors and hedge funds.

The company has a 50-day moving average of $166.54 and a 200-day moving average of $159.50. The company has a market cap of $72.93 billion, a PE ratio of 16.21 and a beta of 1.61.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, July 19th. The investment management company reported $3.72 EPS for the quarter, topping 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 firm earned $7.93 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company posted $1.98 EPS. On average, analysts expect that Goldman Sachs Group Inc. will post $14.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 1st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, August 30th. Goldman Sachs Group’s dividend payout ratio is currently 24.60%.

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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