Nomura cut shares of Goldman Sachs Group Inc. (NYSE:GS) from a buy rating to a neutral rating in a research report released on Tuesday. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a $176.00 target price on shares of Goldman Sachs Group and gave the stock a buy rating in a report on Thursday, September 22nd. Zacks Investment Research raised shares of Goldman Sachs Group from a hold rating to a buy rating and set a $186.00 target price for the company in a report on Tuesday, September 20th. TheStreet raised shares of Goldman Sachs Group from a hold rating to a buy rating in a report on Friday, August 5th. Oppenheimer Holdings Inc. set a $222.00 target price on shares of Goldman Sachs Group and gave the stock a buy rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. increased their target price on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a buy rating in a report on Monday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. Goldman Sachs Group presently has an average rating of Hold and an average target price of $185.69.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Goldman Sachs Group (NYSE:GS) opened at 211.75 on Tuesday. The company has a market cap of $88.68 billion, a price-to-earnings ratio of 16.99 and a beta of 1.55. Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $213.41. The company’s 50-day moving average is $186.97 and its 200 day moving average is $166.34.

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

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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is 20.72%.

In other news, insider Sarah G. Smith sold 218 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $211.47, for a total transaction of $46,100.46. Following the transaction, the insider now directly owns 22,103 shares of the company’s stock, valued at $4,674,121.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $180.00, for a total value of $479,520.00. Following the transaction, the insider now directly owns 13,075 shares in the company, valued at $2,353,500. The disclosure for this sale can be found here. 2.61% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. South Dakota Investment Council increased its position in shares of Goldman Sachs Group by 1.0% in the second quarter. South Dakota Investment Council now owns 147,870 shares of the investment management company’s stock worth $21,971,000 after buying an additional 1,500 shares during the last quarter. IFC Holdings Incorporated FL acquired a new position in shares of Goldman Sachs Group during the second quarter worth about $265,000. Harris Associates L P increased its position in shares of Goldman Sachs Group by 6.3% in the second quarter. Harris Associates L P now owns 5,743,708 shares of the investment management company’s stock worth $853,400,000 after buying an additional 338,324 shares during the last quarter. Foundry Partners LLC increased its position in shares of Goldman Sachs Group by 9.2% in the third quarter. Foundry Partners LLC now owns 96,185 shares of the investment management company’s stock worth $15,512,000 after buying an additional 8,079 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. acquired a new position in shares of Goldman Sachs Group during the second quarter worth about $43,700,000. 69.61% of the stock is currently owned by hedge funds and other institutional investors.

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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