Shares of Goldman Sachs Group Inc (NYSE:GS) have received an average recommendation of “Hold” from the twenty-seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $265.81.

A number of brokerages have issued reports on GS. Wells Fargo & Co set a $330.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Sunday, April 8th. ValuEngine downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Sanford C. Bernstein initiated coverage on shares of Goldman Sachs Group in a research report on Monday, April 9th. They issued an “outperform” rating and a $300.00 target price on the stock. Morgan Stanley upped their target price on shares of Goldman Sachs Group from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. Finally, Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th.

In related news, insider David M. Solomon sold 3,497 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total value of $854,666.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.71% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in Goldman Sachs Group by 3.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,519,529 shares of the investment management company’s stock valued at $886,429,000 after acquiring an additional 118,249 shares during the period. Boston Partners lifted its stake in Goldman Sachs Group by 3.4% during the 1st quarter. Boston Partners now owns 3,001,740 shares of the investment management company’s stock valued at $756,018,000 after acquiring an additional 98,736 shares during the period. Dimensional Fund Advisors LP lifted its stake in Goldman Sachs Group by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,565,582 shares of the investment management company’s stock valued at $646,167,000 after acquiring an additional 12,669 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Goldman Sachs Group by 116.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock worth $644,408,000 after purchasing an additional 1,360,046 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of Goldman Sachs Group by 9.2% in the 1st quarter. OppenheimerFunds Inc. now owns 1,981,020 shares of the investment management company’s stock worth $498,940,000 after purchasing an additional 166,434 shares during the period. Institutional investors own 72.44% of the company’s stock.

Goldman Sachs Group stock traded down $1.19 during mid-day trading on Friday, reaching $225.66. 2,525,105 shares of the company traded hands, compared to its average volume of 3,266,110. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.12. The company has a market cap of $86.12 billion, a P/E ratio of 11.42, a PEG ratio of 0.78 and a beta of 1.31. Goldman Sachs Group has a 52-week low of $214.64 and a 52-week high of $275.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.58 by $1.37. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $8.73 billion. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.15 EPS. analysts predict that Goldman Sachs Group will post 23.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Thursday, May 31st were paid a $0.80 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $3.20 dividend on an annualized basis and a yield of 1.42%. Goldman Sachs Group’s payout ratio is presently 16.19%.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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