Royal Bank Of Canada reaffirmed their hold rating on shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) in a research note issued to investors on Thursday. Royal Bank Of Canada currently has a $240.00 price objective on the investment management company’s stock.

Several other analysts have also issued reports on the company. Deutsche Bank AG reaffirmed a buy rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Citigroup Inc. reaffirmed a neutral rating and issued a $225.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, June 28th. BidaskClub lowered Goldman Sachs Group, Inc. (The) from a hold rating to a sell rating in a research note on Tuesday, July 25th. Capital One Financial Corporation reaffirmed a buy rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods lowered Goldman Sachs Group, Inc. (The) from an outperform rating to a market perform rating and cut their target price for the stock from $260.00 to $240.00 in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $235.44.

Goldman Sachs Group, Inc. (NYSE GS) traded up 1.46% during midday trading on Thursday, reaching $227.00. 592,998 shares of the company traded hands. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The stock’s 50 day moving average is $224.59 and its 200 day moving average is $228.36. The company has a market capitalization of $88.12 billion, a price-to-earnings ratio of 11.90 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.72 earnings per share. On average, equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the transaction, the executive vice president now owns 80,109 shares in the company, valued at $18,827,217.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the transaction, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. North Point Portfolio Managers Corp OH increased its position in Goldman Sachs Group, Inc. (The) by 1.8% in the first quarter. North Point Portfolio Managers Corp OH now owns 66,340 shares of the investment management company’s stock worth $15,240,000 after buying an additional 1,164 shares during the period. Adviser Investments LLC bought a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at $1,079,000. Dubuque Bank & Trust Co. increased its position in shares of Goldman Sachs Group, Inc. (The) by 17.2% in the first quarter. Dubuque Bank & Trust Co. now owns 1,870 shares of the investment management company’s stock valued at $430,000 after buying an additional 275 shares during the last quarter. Mycio Wealth Partners LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 94.0% in the first quarter. Mycio Wealth Partners LLC now owns 3,245 shares of the investment management company’s stock valued at $745,000 after buying an additional 1,572 shares during the last quarter. Finally, Chickasaw Capital Management LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 3.9% in the first quarter. Chickasaw Capital Management LLC now owns 8,050 shares of the investment management company’s stock valued at $1,849,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

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.

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

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