Goldman Sachs Group Inc. (NYSE:GS) was upgraded by Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $255.00 price objective on the investment management company’s stock, up from their previous price objective of $180.00. Deutsche Bank AG’s target price points to a potential upside of 16.28% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other research analysts have also weighed in on the company. Instinet lowered Goldman Sachs Group from a “buy” rating to a “neutral” rating and set a $201.00 price target on the stock. in a research note on Tuesday. Barclays PLC reissued an “equal weight” rating and set a $210.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, October 11th. Vetr raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $154.43 price target on the stock in a research note on Monday, August 1st. Royal Bank Of Canada increased their price target on Goldman Sachs Group from $160.00 to $170.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 19th. Finally, RBC Capital Markets set a $170.00 price target on Goldman Sachs Group and gave the stock a “hold” rating in a research note on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. Goldman Sachs Group has an average rating of “Hold” and an average target price of $189.26.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Goldman Sachs Group (NYSE:GS) opened at 219.29 on Tuesday. The firm has a market capitalization of $91.84 billion, a PE ratio of 17.60 and a beta of 1.55. The company’s 50-day moving average price is $188.13 and its 200 day moving average price is $166.75. Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $220.77.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.09. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The firm 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 company earned $4.51 EPS. Goldman Sachs Group’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts anticipate that Goldman Sachs Group will post $15.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.60 annualized dividend and a dividend yield of 1.19%. Goldman Sachs Group’s payout ratio is 20.72%.

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In other news, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $180.00, for a total transaction of $479,520.00. Following the transaction, the insider now owns 13,075 shares of the company’s stock, valued at $2,353,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan M. Cohen sold 5,000 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $181.19, for a total transaction of $905,950.00. Following the transaction, the executive vice president now directly owns 61,444 shares in the company, valued at approximately $11,133,038.36. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Goldman Sachs Group during the second quarter worth 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 worth $105,000 after buying an additional 150 shares in the last quarter. Bamco Inc. NY acquired a new position in shares of Goldman Sachs Group during the third quarter worth about $129,000. Alpha Windward LLC boosted its position in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares in the last quarter. Finally, 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 worth $141,000 after buying an additional 284 shares in the last quarter. 69.61% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs Group Company Profile

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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