The Goldman Sachs Group (NYSE:GS) Price Target Raised to $686.00 at Keefe, Bruyette & Woods

The Goldman Sachs Group (NYSE:GS) had its price objective hoisted by Keefe, Bruyette & Woods from $570.00 to $686.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the investment management company’s stock.

Several other analysts have also recently weighed in on GS. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays upped their price target on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $557.88.

The Goldman Sachs Group Trading Up 0.0 %

Shares of The Goldman Sachs Group stock opened at $601.94 on Tuesday. The Goldman Sachs Group has a 1 year low of $340.54 and a 1 year high of $612.73. The company has a market capitalization of $188.95 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 0.87 and a beta of 1.38. The business has a fifty day simple moving average of $545.10 and a two-hundred day simple moving average of $501.59. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.47 EPS. Research analysts forecast that The Goldman Sachs Group will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed 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. This represents a $12.00 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,940 shares of company stock worth $13,717,979 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $2,161,000. Franklin Resources Inc. boosted its position in The Goldman Sachs Group by 3.9% during the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after acquiring an additional 62,246 shares during the last quarter. Synovus Financial Corp grew its holdings in The Goldman Sachs Group by 4.7% during the 3rd quarter. Synovus Financial Corp now owns 15,998 shares of the investment management company’s stock worth $7,920,000 after acquiring an additional 724 shares during the period. Tidal Investments LLC raised its position in shares of The Goldman Sachs Group by 6.3% in the 3rd quarter. Tidal Investments LLC now owns 11,691 shares of the investment management company’s stock worth $5,788,000 after acquiring an additional 688 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of The Goldman Sachs Group by 18.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,563 shares of the investment management company’s stock valued at $4,240,000 after purchasing an additional 1,351 shares during the period. 71.21% of the stock is currently owned by institutional investors.

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.