Goldman Sachs Group, Inc. (The) (NYSE:GS) has been given a $260.00 price target by research analysts at Keefe, Bruyette & Woods in a research note issued on Thursday, June 8th. The firm presently has a “buy” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 17.22% from the stock’s current price.

GS has been the subject of a number of other research reports. Credit Suisse Group reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, February 10th. HSBC Holdings plc reissued a “buy” rating and issued a $291.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, March 27th. Vetr raised shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “sell” rating and set a $189.07 price objective for the company in a research report on Wednesday, May 31st. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, March 14th. Finally, Atlantic Securities raised shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $214.00 to $254.00 in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $236.73.

Analyst Recommendations for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 221.81 on Thursday. The firm has a 50-day moving average of $221.04 and a 200-day moving average of $233.11. The company has a market capitalization of $90.79 billion, a P/E ratio of 11.80 and a beta of 1.39. Goldman Sachs Group, Inc. has a one year low of $138.20 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, April 18th. The investment management company reported $5.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.31 by $0.16. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $8.33 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.38% and a return on equity of 11.26%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.68 EPS. Equities research analysts expect that Goldman Sachs Group, Inc. will post $18.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 1st will be paid a $0.75 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. This is an increase from Goldman Sachs Group, Inc. (The)’s previous quarterly dividend of $0.65. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.93%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares in the last quarter. Dodge & Cox purchased a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter worth $3,399,521,000. FMR LLC increased its stake in Goldman Sachs Group, Inc. (The) by 60.2% in the fourth quarter. FMR LLC now owns 9,910,801 shares of the investment management company’s stock worth $2,373,141,000 after buying an additional 3,722,471 shares in the last quarter. New England Asset Management Inc. increased its stake in Goldman Sachs Group, Inc. (The) by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares in the last quarter. Finally, State Street Corp increased its stake in Goldman Sachs Group, Inc. (The) by 8.8% in the fourth quarter. State Street Corp now owns 22,248,179 shares of the investment management company’s stock worth $5,327,337,000 after buying an additional 1,792,820 shares in the last quarter. 75.11% of the stock is owned by institutional investors.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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