The Goldman Sachs Group (NYSE:GS) Price Target Cut to $905.00 by Analysts at BMO Capital Markets

The Goldman Sachs Group (NYSE:GSFree Report) had its target price lowered by BMO Capital Markets from $985.00 to $905.00 in a research report sent to investors on Monday morning,MarketScreener reports. The brokerage currently has a market perform rating on the investment management company’s stock.

GS has been the topic of several other reports. Autonomous Res lowered their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. BNP Paribas Exane raised their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Evercore lowered their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research report on Monday. HSBC lowered their price target on The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Finally, Jefferies Financial Group lowered their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $929.62.

View Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 0.4%

The Goldman Sachs Group stock opened at $866.43 on Monday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $255.59 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.13 and a beta of 1.32. The Goldman Sachs Group has a one year low of $439.38 and a one year high of $984.70. The company’s fifty day moving average price is $873.60 and its two-hundred day moving average price is $851.88.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $11.95 earnings per share. On average, analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 2nd were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend was Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.09%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $938.92, for a total transaction of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares in the company, valued at $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the transaction, the executive vice president owned 39,007 shares of the company’s stock, valued at approximately $37,408,883.21. This represents a 25.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 117,283 shares of company stock valued at $112,016,033 over the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GS. Dagco Inc. bought a new position in The Goldman Sachs Group during the fourth quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group during the third quarter worth about $26,000. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC lifted its stake in The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the period. Finally, First PREMIER Bank bought a new position in The Goldman Sachs Group during the third quarter worth about $28,000. Institutional investors own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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

The Goldman Sachs Group Company Profile

(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.

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

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