Goldman Sachs Group Inc (NYSE:GS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $256.83 and last traded at $256.90, with a volume of 1700420 shares trading hands. The stock had previously closed at $250.13.

Several equities research analysts recently commented on GS shares. Credit Suisse Group lowered Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped their target price for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research report on Thursday, October 19th. BMO Capital Markets upped their target price on Goldman Sachs Group from $202.00 to $217.00 and gave the company a “market perform” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $246.10.

The stock has a market cap of $94,432.40, a price-to-earnings ratio of 13.04, a PEG ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter last year, the company earned $4.88 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. equities analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. Goldman Sachs Group’s dividend payout ratio is presently 15.63%.

In other news, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock worth $32,435,160 in the last 90 days. Corporate insiders own 2.57% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GS. MV Capital Management Inc. increased its position in Goldman Sachs Group by 0.5% in the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after buying an additional 3 shares during the last quarter. Geller Family Office Services LLC increased its position in Goldman Sachs Group by 0.3% in the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after buying an additional 3 shares during the last quarter. Hudock Capital Group LLC increased its position in Goldman Sachs Group by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after buying an additional 4 shares during the last quarter. FTB Advisors Inc. increased its position in Goldman Sachs Group by 0.3% in the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after buying an additional 5 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its position in Goldman Sachs Group by 0.7% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock worth $202,000 after buying an additional 6 shares during the last quarter. 73.35% of the stock is owned by institutional investors.

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About Goldman Sachs Group

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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