Vertical Group downgraded shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) from a hold rating to a sell rating in a research note published on Monday morning.

Other equities analysts have also issued reports about the company. TheStreet raised Goldman Sachs Group, Inc. (The) from a c+ rating to a b rating in a research report on Friday, October 13th. Capital One Financial Corporation reissued a buy rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the stock a buy rating in a research report on Friday, September 15th. Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a hold rating to a buy rating and set a $271.00 price target on the stock in a research report on Friday, October 20th. Finally, Royal Bank Of Canada reissued a hold rating and set a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group, Inc. (The) presently has an average rating of Hold and an average target price of $245.06.

Goldman Sachs Group, Inc. (NYSE:GS) traded down $3.68 during midday trading on Monday, hitting $239.81. The stock had a trading volume of 2,429,699 shares, compared to its average volume of 2,570,000. The firm has a market cap of $90,310.00, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.24 and a beta of 1.48. Goldman Sachs Group, Inc. has a fifty-two week low of $178.46 and a fifty-two week high of $255.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.70.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.32% and a net margin of 26.42%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.88 EPS. equities analysts expect that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.25%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.58%.

In other Goldman Sachs Group, Inc. (The) news, insider Harvey M. Schwartz sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,344 shares of company stock valued at $9,125,608. 2.57% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in GS. Quantbot Technologies LP lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 223.8% in the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after buying an additional 27,121 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 29.9% in the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after buying an additional 4,714 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 23.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after buying an additional 152 shares during the period. Bank of Montreal Can lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 33.1% in the second quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after buying an additional 97,532 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Goldman Sachs Group, Inc. (The) in the second quarter valued at $42,536,000. Institutional investors own 73.14% of the company’s stock.

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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