Morgan Stanley reissued their equal weight rating on shares of Goldman Sachs Group (NYSE:GS) in a research note released on Monday. They currently have a $250.00 target price on the investment management company’s stock, up from their prior target price of $244.00.

GS has been the topic of a number of other research reports. Oppenheimer dropped their price objective on shares of Goldman Sachs Group from $316.00 to $301.00 and set an outperform rating on the stock in a research note on Wednesday, October 16th. ValuEngine lowered shares of Goldman Sachs Group from a hold rating to a sell rating in a research note on Monday, November 11th. Odeon Capital Group lowered shares of Goldman Sachs Group from a buy rating to a hold rating in a research note on Thursday, September 5th. Royal Bank of Canada set a $220.00 price objective on shares of Goldman Sachs Group and gave the company a neutral rating in a research note on Monday, October 7th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs Group from a sell rating to a hold rating and set a $235.00 price objective on the stock in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $245.42.

Shares of GS traded up $0.31 during mid-day trading on Monday, reaching $220.04. 1,812,787 shares of the stock traded hands, compared to its average volume of 2,642,981. The firm has a market cap of $77.99 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.85 and a beta of 1.35. The stock has a fifty day simple moving average of $211.28 and a 200 day simple moving average of $205.42. Goldman Sachs Group has a 12-month low of $151.70 and a 12-month high of $224.77. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.68.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $4.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.03 by ($0.24). The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.33 billion. Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.28 EPS. On average, equities research analysts expect that Goldman Sachs Group will post 21.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a $1.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.27%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 19.79%.

Several large investors have recently modified their holdings of GS. Cacti Asset Management LLC increased its stake in shares of Goldman Sachs Group by 1.3% in the second quarter. Cacti Asset Management LLC now owns 206,664 shares of the investment management company’s stock worth $42,366,000 after buying an additional 2,750 shares during the last quarter. First Financial Bank Trust Division boosted its holdings in Goldman Sachs Group by 2.5% in the second quarter. First Financial Bank Trust Division now owns 18,419 shares of the investment management company’s stock worth $3,769,000 after purchasing an additional 453 shares during the period. Baystate Wealth Management LLC boosted its holdings in Goldman Sachs Group by 33.6% in the second quarter. Baystate Wealth Management LLC now owns 398 shares of the investment management company’s stock worth $83,000 after purchasing an additional 100 shares during the period. Fulton Bank N.A. boosted its holdings in Goldman Sachs Group by 18.4% in the second quarter. Fulton Bank N.A. now owns 7,828 shares of the investment management company’s stock worth $1,602,000 after purchasing an additional 1,217 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in Goldman Sachs Group by 34.8% in the second quarter. WINTON GROUP Ltd now owns 62,494 shares of the investment management company’s stock worth $12,786,000 after purchasing an additional 16,138 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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.

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Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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