The Goldman Sachs Group, Inc. (NYSE:GS) Given Consensus Rating of “Hold” by Analysts

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) have been given a consensus rating of “Hold” by the twenty-two ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $792.6667.

A number of equities analysts recently issued reports on the company. UBS Group boosted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Rothschild & Co Redburn boosted their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, BNP Paribas Exane upped their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $910.34 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group has a 12 month low of $439.38 and a 12 month high of $919.10. The company has a market capitalization of $273.04 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.20 and a beta of 1.36. The firm’s 50-day moving average is $820.82 and its 200 day moving average is $761.16.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.40 earnings per share. Research analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gilliland Jeter Wealth Management LLC grew its holdings in The Goldman Sachs Group by 3.5% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock worth $309,000 after acquiring an additional 13 shares in the last quarter. EWA LLC lifted its position in shares of The Goldman Sachs Group by 2.2% in the 3rd quarter. EWA LLC now owns 612 shares of the investment management company’s stock worth $488,000 after purchasing an additional 13 shares during the period. Carrera Capital Advisors boosted its stake in shares of The Goldman Sachs Group by 3.5% during the third quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 13 shares in the last quarter. Centerpoint Advisors LLC increased its holdings in The Goldman Sachs Group by 1.5% during the third quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock valued at $687,000 after buying an additional 13 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its holdings in The Goldman Sachs Group by 0.9% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock valued at $1,185,000 after buying an additional 13 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.