Goldman Sachs Group Inc. (NYSE:GS) was downgraded by Vetr from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday. They presently have a $188.57 price objective on the investment management company’s stock. Vetr‘s target price would suggest a potential downside of 11.18% from the company’s current price.

GS has been the topic of a number of other research reports. Citigroup Inc. upped their price target on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Monday, September 26th. JMP Securities reiterated a “market perform” rating on shares of Goldman Sachs Group in a report on Sunday, November 13th. BMO Capital Markets reiterated a “market perform” rating and set a $214.00 price objective (up previously from $200.00) on shares of Goldman Sachs Group in a report on Friday, October 21st. Finally, Guggenheim upgraded shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $174.95 to $175.51 in a report on Thursday, October 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $182.28.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Shares of Goldman Sachs Group (NYSE:GS) traded up 0.57% during trading on Thursday, hitting $212.31. The stock had a trading volume of 3,734,360 shares. Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $213.41. The firm has a 50-day moving average of $184.04 and a 200 day moving average of $165.50. The company has a market capitalization of $88.92 billion, a P/E ratio of 17.04 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating the Zacks’ consensus estimate of $3.79 by $1.09. The business had revenue of $8.17 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.51 earnings per share. Equities research analysts predict that Goldman Sachs Group will post $15.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 20.72%.

In other Goldman Sachs Group news, insider Sarah G. Smith sold 218 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $211.47, for a total value of $46,100.46. Following the sale, the insider now directly owns 22,103 shares in the company, valued at approximately $4,674,121.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the completion of the sale, the executive vice president now 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 currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of GS. Thomas J. Herzfeld Advisors Inc. bought a new stake in Goldman Sachs Group during the second quarter valued at $102,000. Nelson Roberts Investment Advisors LLC boosted its stake in 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 period. CKW Financial Group boosted its stake in 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 period. Bamco Inc. NY bought a new stake in Goldman Sachs Group during the third quarter valued at $129,000. Finally, Alpha Windward LLC boosted its stake in Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

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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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