Shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) have received an average rating of “Hold” from the thirty-one analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $240.92.

Several research analysts recently issued reports on the company. Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective for the company. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 4th. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 price target for the company. in a report on Wednesday, June 14th. Finally, BidaskClub upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.

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

A number of large investors have recently bought and sold shares of GS. BlackRock Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 3,301.2% in the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Janus Henderson Group PLC boosted its position in Goldman Sachs Group, Inc. (The) by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after buying an additional 2,416,970 shares during the last quarter. New England Asset Management Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after buying an additional 1,900,000 shares during the last quarter. Alliancebernstein L.P. boosted its position in Goldman Sachs Group, Inc. (The) by 84.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after buying an additional 1,474,433 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Goldman Sachs Group, Inc. (The) by 47.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after buying an additional 1,152,869 shares during the last quarter. 73.38% of the stock is owned by institutional investors.

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Shares of Goldman Sachs Group, Inc. (GS) opened at 217.21 on Friday. The stock has a market capitalization of $84.32 billion, a price-to-earnings ratio of 11.39 and a beta of 1.42. The stock has a 50 day moving average price of $223.54 and a 200-day moving average price of $227.28. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data 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. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the firm posted $3.72 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

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 given a $0.75 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.38%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

About Goldman Sachs Group, Inc. (The)

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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