J P Morgan Chase & Co set a $260.00 price objective on Goldman Sachs Group, Inc. (The) (NYSE:GS) in a report issued on Friday. The brokerage currently has a buy rating on the investment management company’s stock.

A number of other research analysts also recently issued reports on the company. Deutsche Bank AG reiterated a buy rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Citigroup Inc. reiterated a neutral rating and set a $225.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, June 28th. BidaskClub downgraded Goldman Sachs Group, Inc. (The) from a hold rating to a sell rating in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a hold rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Finally, Capital One Financial Corporation reiterated a buy rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $235.44.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 227.53 on Friday. The company has a market cap of $88.33 billion, a PE ratio of 11.93 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The company has a 50 day moving average price of $224.28 and a 200 day moving average price of $225.87.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for 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 was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.72 earnings per share. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 1.32%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

In related news, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred 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 sale, 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 have sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings 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 acquiring an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. raised its holdings in Goldman Sachs Group, Inc. (The) by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after acquiring an additional 304,400 shares in the last quarter. State Street Corp raised its holdings in Goldman Sachs Group, Inc. (The) by 2.7% in the 1st quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after acquiring an additional 603,165 shares in the last quarter. FMR LLC raised its holdings in Goldman Sachs Group, Inc. (The) by 10.9% in the 1st quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after acquiring an additional 1,084,624 shares in the last quarter. Finally, Capital World Investors raised its holdings in Goldman Sachs Group, Inc. (The) by 10.5% in the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares in the last quarter. 73.31% of the stock is owned by institutional investors and hedge funds.

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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