The Goldman Sachs Group (NYSE:GS) Given New $370.00 Price Target at Deutsche Bank Aktiengesellschaft

The Goldman Sachs Group (NYSE:GSGet Rating) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $430.00 to $370.00 in a research note issued to investors on Monday, The Fly reports.

A number of other research firms have also weighed in on GS. Odeon Capital Group lowered shares of The Goldman Sachs Group from a hold rating to a sell rating in a report on Tuesday, September 6th. Barclays decreased their price objective on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an overweight rating for the company in a research note on Tuesday, July 19th. BMO Capital Markets decreased their price objective on shares of The Goldman Sachs Group from $475.00 to $461.00 in a research note on Tuesday, July 19th. Credit Suisse Group set a $415.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 19th. Finally, Piper Sandler decreased their price objective on shares of The Goldman Sachs Group from $430.00 to $410.00 and set an overweight rating for the company in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $410.79.

The Goldman Sachs Group Trading Up 0.7 %

GS opened at $342.58 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87. The Goldman Sachs Group has a fifty-two week low of $277.84 and a fifty-two week high of $426.16. The firm has a market capitalization of $116.94 billion, a PE ratio of 7.75, a P/E/G ratio of 0.78 and a beta of 1.36. The company’s 50-day moving average is $326.94 and its 200 day moving average is $321.08.

The Goldman Sachs Group (NYSE:GSGet Rating) last posted its earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share for the quarter, topping analysts’ consensus estimates of $6.61 by $1.12. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The company had revenue of $11.86 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the prior year, the business posted $15.02 EPS. The firm’s revenue was down 22.9% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group will post 34.2 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were issued a dividend of $2.50 per share. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 22.61%.

Insider Activity

In other news, Director Goldman Sachs Group Inc sold 78,131 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the sale, the director now directly owns 439,180 shares in the company, valued at $11,862,251.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Treasurer Philip R. Berlinski sold 8,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the sale, the treasurer now directly owns 13,745 shares in the company, valued at $4,791,781.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Goldman Sachs Group Inc sold 78,131 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the completion of the transaction, the director now owns 439,180 shares in the company, valued at $11,862,251.80. The disclosure for this sale can be found here. Insiders have sold a total of 509,480 shares of company stock worth $15,747,381 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Advisors Network LLC boosted its stake in shares of The Goldman Sachs Group by 53.2% during the first quarter. Integrated Advisors Network LLC now owns 3,286 shares of the investment management company’s stock valued at $1,085,000 after purchasing an additional 1,141 shares during the period. IFM Investors Pty Ltd lifted its stake in The Goldman Sachs Group by 19.3% in the first quarter. IFM Investors Pty Ltd now owns 54,070 shares of the investment management company’s stock worth $17,849,000 after acquiring an additional 8,738 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in The Goldman Sachs Group by 13.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,329 shares of the investment management company’s stock worth $439,000 after acquiring an additional 162 shares during the period. Buckingham Strategic Wealth LLC lifted its stake in The Goldman Sachs Group by 7.9% in the first quarter. Buckingham Strategic Wealth LLC now owns 1,813 shares of the investment management company’s stock worth $599,000 after acquiring an additional 132 shares during the period. Finally, Financial Partners Group Inc lifted its stake in The Goldman Sachs Group by 298.5% in the first quarter. Financial Partners Group Inc now owns 3,770 shares of the investment management company’s stock worth $1,245,000 after acquiring an additional 2,824 shares during the period. 69.08% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Company Profile

(Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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