The Goldman Sachs Group (NYSE:GS) Price Target Increased to $570.00 by Analysts at Keefe, Bruyette & Woods

The Goldman Sachs Group (NYSE:GS) had its price objective upped by Keefe, Bruyette & Woods from $555.00 to $570.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the investment management company’s stock.

A number of other brokerages have also recently weighed in on GS. Seaport Res Ptn cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup increased their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, BMO Capital Markets raised their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $524.69.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $529.86 on Wednesday. The company has a market cap of $170.86 billion, a P/E ratio of 20.69, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50 day moving average price is $496.53 and its 200-day moving average price is $467.83. The Goldman Sachs Group has a fifty-two week low of $289.36 and a fifty-two week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the business earned $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.26%. The Goldman Sachs Group’s payout ratio is currently 46.86%.

Hedge Funds Weigh In On The Goldman Sachs Group

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group during the first quarter worth about $1,903,374,000. AMF Tjanstepension AB raised its stake in shares of The Goldman Sachs Group by 1,102.4% in the 2nd quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock valued at $366,780,000 after acquiring an additional 743,402 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of The Goldman Sachs Group by 7,932.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock valued at $200,959,000 after acquiring an additional 438,754 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in The Goldman Sachs Group by 878.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company’s stock worth $179,608,000 after purchasing an additional 356,512 shares during the period. Finally, Swedbank AB acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at $137,134,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.