The Goldman Sachs Group (NYSE:GS) Price Target Lowered to $1,049.00 at Jefferies Financial Group

The Goldman Sachs Group (NYSE:GSFree Report) had its target price cut by Jefferies Financial Group from $1,125.00 to $1,049.00 in a report issued on Monday, Marketbeat Ratings reports. They currently have a buy rating on the investment management company’s stock.

GS has been the topic of several other research reports. Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Argus raised their price target on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Bank of America lifted their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Autonomous Res lowered 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 research note on Thursday, January 15th. Finally, Royal Bank Of Canada lifted their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $929.62.

View Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $866.43 on Monday. The Goldman Sachs Group has a 52 week low of $439.38 and a 52 week high of $984.70. The business’s fifty day simple moving average is $873.60 and its 200-day simple moving average is $851.88. The firm has a market cap of $255.59 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60.

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

The Goldman Sachs Group Increases Dividend

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

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 13,151 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the transaction, the executive vice president owned 39,007 shares in the company, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Solomon sold 272 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares in the company, valued at approximately $117,859,810.84. This trade represents a 0.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Dagco Inc. acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC raised its position in shares of The Goldman Sachs Group by 287.5% during the 4th 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. Harbor Capital Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

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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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