Goldman Sachs (NYSE: GS) from a holding rating to a buy rating in a report on Tuesday, March 20. The brokerage currently has $ 294.00 target price for the stock of the investment company.
According to Zacks, "Goldman underperformed the industry over the last six months. However, the company boasts an impressive earnings surprises story: It has outperformed Zacks Consensus Estimate on earnings in three of the next four quarters. While some issues, including slow global economic growth and lower customer activity levels with weak retirement incomes, remain virtually unchanged, medium-term headwinds, We believe that the company's well-diversified business and focus on growth opportunities through strategic measures will further strengthen the overall business. The measures are commendable. In addition, steady capital-providing activities have strengthened investor confidence.
Other stock analysts recently released research reports on the stock, and Wells Fargo again outperformed, announcing a $ 320.00 Goldman Sachs stock price target on Thursday, January 25, in a research note Vetr has raised Goldman Sachs' stock from a sell-through to a hold rating and set a target price of $ 246.36 for the company in a research note on Thursday, February 8. BMO Capital Markets has set its stock price target Goldman Sachs dropped to $ 221
Goldman Sachs shares open Tuesday at $ 251.86. Goldman Sachs has a 1-year low of $ 209.62 and a 1-year high of $ 275.31. The company has a quick rate of 0.93, a current rate of 0.93 and a leverage ratio of 3.09. The company has a market capitalization of $ 95,678.34, a PE ratio of 12.75, a PEG ratio of 0.90, and a beta of 1.33.
Goldman Sachs (NYSE: GS) last published its quarterly results on Wednesday, January 17. The investment management company reported earnings per share of $ 5.68 for the quarter, exceeding Zacks consensus estimate by $ 4.90, or $ 0.78. The company generated $ 7.83 billion in revenue for the quarter, compared to a consensus estimate of $ 7.64 billion. Goldman Sachs returned a net margin of 13.36% and a return on equity of 11.66%. The company's quarterly revenue decreased 4.2% year-over-year. In the same quarter of the previous year, the company achieved EPS of $ 5.08. Analysts expect Goldman Sachs to report 21.83 earnings per share for the current year.
The company has also recently announced a quarterly dividend, which was paid on Thursday, March 29. Shareholders registered on Thursday, March 1, received a dividend of $ 0.75. This equates to an annualized dividend of $ 3.00 and a return of 1.19%. The ex-dividend day of this dividend was Wednesday, February 28th. The dividend payout ratio (DPR) of Goldman Sachs is currently 15.18%.
In other news, insider David M. Solomon sold 21,252 shares of stock in a transaction on Monday, January 29. The shares were sold at an average price of $ 271.65, representing a total transaction of $ 5,773,105.80. The transaction has been published in a filing with the Securities & Exchange Commission, available on the SEC's website. Director David A. Viniar also sold 17,500 shares in a transaction on Thursday, January 18. The stock was sold at an average price of $ 251.19 for a total transaction of $ 4,395,825.00. The disclosure for this sale can be found here. In the past 90 days, insiders have sold 83,548 shares worth $ 22,064,172. Company insiders own 2.57% of the company's stock.
Several institutional investors and hedge funds have recently bought and sold GS shares. Icon Wealth Partners LLC has acquired a $ 113,000 stake in Goldman Sachs in the fourth quarter. Cerebellum GP LLC has acquired a $ 122,000 stake in Goldman Sachs in the fourth quarter. Prime Capital Investment Advisors LLC has acquired a $ 127,000 stake in Goldman Sachs in the fourth quarter. We Are One Seven LLC has acquired a $ 137,000 stake in Goldman Sachs in the fourth quarter. Finally, Westside Investment Management Inc. increased its stake in Goldman Sachs by 450.0% in the third quarter. Westside Investment Management Inc. now owns 550 shares of the Investment Management Company worth $ 134,000 following the purchase of another 450 shares during the period. Institutional investors own 73.18% of the company's stock.
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Goldman Sachs Company Profile
The Goldman Sachs Group, Inc. is an investment banking, securities and investment management company providing a range of financial services to corporates, financial institutions, governments and individuals. The company operates in four business areas: Investment Banking, Institutional Customer Services, Investment and Lending and Investment Management
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