Barclays Reiterates “Equal Weight” Rating for Goldman Sachs Group (GS)
Barclays reaffirmed their equal weight rating on shares of Goldman Sachs Group (NYSE:GS) in a research report report published on Thursday, MarketBeat Ratings reports. Barclays currently has a $289.00 price target on the investment management company’s stock, down from their previous price target of $308.00.
A number of other equities analysts have also weighed in on the company. TheStreet upgraded Goldman Sachs Group from a c+ rating to a b rating in a research note on Friday, October 13th. Zacks Investment Research upgraded Goldman Sachs Group from a hold rating to a buy rating and set a $271.00 price objective for the company in a research note on Friday, October 20th. JPMorgan Chase & Co. reiterated a buy rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Bank of America lifted their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the company a buy rating in a research note on Thursday, December 7th. Finally, Vertical Group upgraded Goldman Sachs Group from a hold rating to a buy rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $254.67.
Shares of Goldman Sachs Group (GS) traded up $5.15 during mid-day trading on Thursday, reaching $256.12. The company had a trading volume of 4,638,173 shares, compared to its average volume of 2,920,000. The stock has a market cap of $96,610.00, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a one year low of $209.62 and a one year high of $262.14.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.60%.
In other news, Chairman Lloyd C. Blankfein sold 20,794 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total transaction of $4,956,873.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders have sold a total of 97,833 shares of company stock worth $23,309,552 over the last 90 days. Insiders own 2.57% of the company’s stock.
Several large investors have recently bought and sold shares of GS. Pinnacle Financial Partners Inc. acquired a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $849,000. Rational Advisors LLC boosted its holdings in Goldman Sachs Group by 201.6% in the 2nd quarter. Rational Advisors LLC now owns 3,450 shares of the investment management company’s stock worth $765,000 after buying an additional 2,306 shares during the last quarter. Donaldson Capital Management LLC boosted its holdings in Goldman Sachs Group by 1.6% in the 2nd quarter. Donaldson Capital Management LLC now owns 4,417 shares of the investment management company’s stock worth $980,000 after buying an additional 69 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in Goldman Sachs Group by 5.6% in the 2nd quarter. Dupont Capital Management Corp now owns 60,348 shares of the investment management company’s stock worth $13,391,000 after buying an additional 3,186 shares during the last quarter. Finally, LMR Partners LLP boosted its holdings in Goldman Sachs Group by 430.6% in the 2nd quarter. LMR Partners LLP now owns 5,386 shares of the investment management company’s stock worth $1,195,000 after buying an additional 4,371 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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