Brokerages Set The Goldman Sachs Group, Inc. (NYSE:GS) Target Price at $916.86

Shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) have earned an average rating of “Hold” from the twenty-four brokerages that are covering the company, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $916.8571.

A number of equities research analysts recently weighed in on GS shares. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. BMO Capital Markets increased their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a report on Tuesday, January 20th. Autonomous Res dropped their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, Barclays upped their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th.

Read Our Latest Research Report on GS

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the sale, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This trade represents a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 101,428 shares of company stock worth $96,805,313. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in The Goldman Sachs Group during the 2nd quarter valued at about $2,138,031,000. Wellington Management Group LLP lifted its stake in The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after buying an additional 936,015 shares in the last quarter. AGF Management Ltd. raised its position in The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after buying an additional 466,187 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after buying an additional 450,984 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after buying an additional 418,820 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $945.93 on Monday. The business’s fifty day moving average price is $916.78 and its two-hundred day moving average price is $821.46. The Goldman Sachs Group has a 1-year low of $439.38 and a 1-year high of $984.70. The firm has a market capitalization of $283.71 billion, a PE ratio of 18.44, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $11.95 EPS. On average, research analysts expect that The Goldman Sachs Group will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.09%.

About The Goldman Sachs Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

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