Goldman Sachs Group Inc. (NYSE:GS)‘s stock had its “equal weight” rating restated by equities researchers at Barclays PLC in a research note issued on Tuesday. They presently have a $210.00 price target on the investment management company’s stock. Barclays PLC’s price objective points to a potential upside of 24.04% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Citigroup Inc. upped their price objective on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price objective for the company in a report on Thursday, September 29th. Nomura reaffirmed a “buy” rating and set a $197.00 price objective on shares of Goldman Sachs Group in a report on Thursday, September 29th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Finally, JPMorgan Chase & Co. set a $176.00 price objective on shares of Goldman Sachs Group and gave the stock a “buy” rating in a report on Thursday, September 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $181.82.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Shares of Goldman Sachs Group (NYSE:GS) traded up 0.15% during midday trading on Tuesday, hitting $169.30. 2,404,434 shares of the company were exchanged. The stock has a market cap of $72.19 billion, a PE ratio of 16.05 and a beta of 1.61. The stock’s 50-day moving average is $166.62 and its 200-day moving average is $159.56. Goldman Sachs Group has a one year low of $138.20 and a one year high of $199.90.

Goldman Sachs Group (NYSE:GS) last announced 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 net margin of 18.12% and a return on equity of 8.83%. 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 business posted $1.98 EPS. Equities research analysts anticipate that Goldman Sachs Group will post $14.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 1st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Tuesday, August 30th. Goldman Sachs Group’s dividend payout ratio is 24.60%.

In related news, EVP Edith W. Cooper sold 14,000 shares of Goldman Sachs Group stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the transaction, the executive vice president now owns 33,634 shares of the company’s stock, valued at approximately $5,586,943.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sarah G. Smith sold 2,664 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the transaction, the insider now directly owns 13,075 shares in the company, valued at approximately $2,222,750. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GS. Legal & General Group Plc raised its position in Goldman Sachs Group by 1.5% in the first quarter. Legal & General Group Plc now owns 1,852,638 shares of the investment management company’s stock valued at $290,816,000 after buying an additional 27,575 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Goldman Sachs Group during the first quarter valued at $34,473,000. Panagora Asset Management Inc. raised its position in Goldman Sachs Group by 4.4% in the first quarter. Panagora Asset Management Inc. now owns 342,183 shares of the investment management company’s stock valued at $53,716,000 after buying an additional 14,325 shares during the last quarter. First Republic Investment Management Inc. raised its position in Goldman Sachs Group by 5.5% in the first quarter. First Republic Investment Management Inc. now owns 177,858 shares of the investment management company’s stock valued at $27,921,000 after buying an additional 9,211 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Goldman Sachs Group by 3.4% in the second quarter. Nisa Investment Advisors LLC now owns 110,188 shares of the investment management company’s stock valued at $16,372,000 after buying an additional 3,604 shares during the last quarter. 70.77% of the stock is currently owned by institutional investors and hedge funds.

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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