Keefe, Bruyette & Woods upgraded shares of Goldman Sachs Group Inc. (NYSE:GS) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday morning. The firm currently has $240.00 price objective on the investment management company’s stock.

GS has been the topic of several other research reports. Citigroup Inc. increased their price target on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a buy rating in a research note on Monday, October 10th. Zacks Investment Research lowered shares of Goldman Sachs Group from a buy rating to a hold rating in a research note on Monday, September 26th. JMP Securities reiterated a market perform rating on shares of Goldman Sachs Group in a research note on Sunday, November 13th. Vetr upgraded shares of Goldman Sachs Group from a sell rating to a strong-buy rating and set a $179.28 target price on the stock in a research note on Thursday, September 29th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $214.00 target price (up from $200.00) on shares of Goldman Sachs Group in a research note on Friday, October 21st. 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 company’s stock. Goldman Sachs Group currently has a consensus rating of Hold and an average target price of $184.93.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Shares of Goldman Sachs Group (NYSE:GS) opened at 211.75 on Tuesday. The firm has a market cap of $88.68 billion, a price-to-earnings ratio of 16.99 and a beta of 1.55. The stock has a 50 day moving average of $186.97 and a 200-day moving average of $166.34. Goldman Sachs Group has a 52 week low of $138.20 and a 52 week high of $213.41.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 EPS 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 company had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the business posted $4.51 EPS. Goldman Sachs Group’s quarterly revenue was up 19.0% on a year-over-year basis. Equities research analysts expect that Goldman Sachs Group will post $15.53 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 20.72%.

In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 2,504 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $211.32, for a total transaction of $529,145.28. Following the sale, the chairman now directly owns 1,524,471 shares of the company’s stock, valued at $322,151,211.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 22,103 shares in the company, valued at $4,674,121.41. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in Goldman Sachs Group by 0.4% in the third quarter. Chicago Partners Investment Group LLC now owns 1,046 shares of the investment management company’s stock valued at $169,000 after buying an additional 4 shares in the last quarter. Argent Trust Co increased its position in Goldman Sachs Group by 0.8% in the third quarter. Argent Trust Co now owns 1,638 shares of the investment management company’s stock valued at $264,000 after buying an additional 13 shares in the last quarter. Alpha Cubed Investments LLC increased its position in Goldman Sachs Group by 0.3% in the third quarter. Alpha Cubed Investments LLC now owns 4,850 shares of the investment management company’s stock valued at $782,000 after buying an additional 15 shares in the last quarter. Pitcairn Co. increased its position 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. Finally, Alpha Windward LLC increased its position 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 in the last quarter. 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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