Vetr cut shares of Goldman Sachs Group (NYSE:GS) from a hold rating to a sell rating in a research report released on Wednesday morning. The brokerage currently has $246.36 target price on the investment management company’s stock.

GS has been the subject of a number of other reports. Zacks Investment Research raised shares of Goldman Sachs Group from a hold rating to a buy rating and set a $271.00 price target for the company in a research note on Friday, October 20th. Vertical Group raised shares of Goldman Sachs Group from a sell rating to a hold rating in a research note on Friday, December 8th. Bank of America increased their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a buy rating in a research note on Thursday, December 7th. Buckingham Research reissued a neutral rating and issued a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, October 18th. Finally, Barclays increased their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an equal weight rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $256.75.

Goldman Sachs Group (NYSE GS) traded up $2.49 during mid-day trading on Wednesday, reaching $265.07. 532,713 shares of the company were exchanged, compared to its average volume of 3,991,719. Goldman Sachs Group has a 12 month low of $209.62 and a 12 month high of $273.79. The company has a market capitalization of $99,680.00, a P/E ratio of 13.24, a P/E/G ratio of 0.92 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the prior year, the firm earned $5.08 earnings per share. Goldman Sachs Group’s revenue was down 4.2% on a year-over-year basis. equities research analysts anticipate that Goldman Sachs Group will post 21.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 15.03%.

In other news, insider R. Martin Chavez sold 11,829 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total transaction of $3,066,313.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,843 shares of company stock worth $41,855,427. Corporate insiders own 2.57% of the company’s stock.

Several large investors have recently bought and sold shares of GS. Janus Henderson Group PLC grew its holdings in shares of Goldman Sachs Group by 4,096.0% during the second 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. TIAA CREF Investment Management LLC boosted its holdings in Goldman Sachs Group by 116.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock worth $644,408,000 after purchasing an additional 1,360,046 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Goldman Sachs Group by 47.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after purchasing an additional 1,152,869 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Goldman Sachs Group by 1,654.0% in the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock worth $229,595,000 after purchasing an additional 975,690 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Goldman Sachs Group by 15.1% in the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after purchasing an additional 727,698 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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