Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Goldman Sachs (NYSE:GS) in a report issued on Wednesday.

Several other brokerages have also commented on GS. Wells Fargo reissued an outperform rating and issued a $320.00 price target on shares of Goldman Sachs in a report on Thursday, January 25th. Zacks Investment Research raised shares of Goldman Sachs from a hold rating to a buy rating and set a $294.00 price target for the company in a report on Tuesday, March 20th. Barclays boosted their price target on shares of Goldman Sachs from $262.00 to $308.00 and gave the stock an equal weight rating in a report on Tuesday, January 2nd. Vertical Group raised shares of Goldman Sachs from a hold rating to a buy rating in a report on Friday, December 29th. Finally, Morgan Stanley boosted their price target on shares of Goldman Sachs from $294.00 to $297.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $266.78.

NYSE:GS opened at $251.96 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 2.69. The company has a market cap of $95,716.33, a PE ratio of 12.75, a PEG ratio of 0.88 and a beta of 1.37. Goldman Sachs has a 1-year low of $209.62 and a 1-year high of $275.31.

Goldman Sachs (NYSE:GS) last posted its earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $5.58 by $1.37. The firm had revenue of $10.04 billion during the quarter, compared to analyst estimates of $8.73 billion. Goldman Sachs had a net margin of 14.27% and a return on equity of 12.10%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.15 EPS. analysts expect that Goldman Sachs will post 23.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, May 30th. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. Goldman Sachs’s payout ratio is 15.18%.

In other news, insider R. Martin Chavez sold 11,829 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $268.73, for a total transaction of $3,178,807.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $271.65, for a total transaction of $5,773,105.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,048 shares of company stock worth $17,668,347. 2.57% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in GS. TIAA CREF Investment Management LLC boosted its position in shares of Goldman Sachs by 116.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock valued at $644,408,000 after acquiring an additional 1,360,046 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Goldman Sachs by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after acquiring an additional 727,698 shares during the last quarter. Standard Life Aberdeen plc boosted its position in shares of Goldman Sachs by 187.6% during the 4th quarter. Standard Life Aberdeen plc now owns 737,276 shares of the investment management company’s stock valued at $187,995,000 after acquiring an additional 480,931 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Goldman Sachs by 102.5% during the 4th quarter. Mackenzie Financial Corp now owns 643,773 shares of the investment management company’s stock valued at $164,008,000 after acquiring an additional 325,782 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Goldman Sachs by 348.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 411,036 shares of the investment management company’s stock valued at $104,714,000 after acquiring an additional 319,286 shares during the last quarter. 73.21% of the stock is currently owned by hedge funds and other institutional investors.

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Goldman Sachs Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

Analyst Recommendations for Goldman Sachs (NYSE:GS)

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