Goldman Sachs Group (NYSE:GS) had its price objective lowered by BMO Capital Markets to $221.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has a market perform rating on the investment management company’s stock.

A number of other analysts also recently weighed in on GS. Zacks Investment Research downgraded shares of Goldman Sachs Group from a hold rating to a sell rating in a research report on Thursday, September 21st. Credit Suisse Group downgraded shares of Goldman Sachs Group from an outperform rating to a neutral rating and raised their price objective for the stock from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Citigroup reaffirmed a neutral rating and set a $250.00 price objective (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. TheStreet raised shares of Goldman Sachs Group from a c+ rating to a b rating in a research report on Friday, October 13th. Finally, Morgan Stanley raised their price objective on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of Hold and an average target price of $254.67.

Goldman Sachs Group (GS) traded up $5.11 during trading hours on Thursday, reaching $256.12. 4,640,000 shares of the company’s stock were exchanged, compared to its average volume of 3,000,000. The firm has a market cap of $96,610.00, a P/E ratio of 29.54, a PEG ratio of 0.93 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 twelve month low of $209.62 and a twelve month high of $262.14.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.08 EPS. research analysts expect that Goldman Sachs Group will post 21.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is currently 34.60%.

In related news, insider David M. Solomon sold 2,400 shares of Goldman Sachs Group stock in a transaction on Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. In the last three months, insiders sold 97,833 shares of company stock valued at $23,309,552. 2.57% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of GS. Janus Henderson Group PLC lifted its stake in Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after acquiring an additional 1,152,869 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in Goldman Sachs Group by 1,654.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after acquiring an additional 975,690 shares in the last quarter. Capital World Investors lifted its stake in Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Goldman Sachs Group by 21.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,121,193 shares of the investment management company’s stock valued at $470,546,000 after acquiring an additional 377,435 shares in the last quarter. Institutional investors and hedge funds own 73.28% of the company’s stock.

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Goldman Sachs Group Company Profile

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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