FY2017 Earnings Estimate for Goldman Sachs Group Inc (GS) Issued By Oppenheimer
Goldman Sachs Group Inc (NYSE:GS) – Oppenheimer decreased their FY2017 EPS estimates for shares of Goldman Sachs Group in a research note issued to investors on Tuesday, according to Zacks Investment Research. Oppenheimer analyst C. Kotowski now expects that the investment management company will post earnings per share of $18.85 for the year, down from their previous estimate of $19.25. Oppenheimer currently has a “Outperform” rating and a $313.00 price target on the stock. Oppenheimer also issued estimates for Goldman Sachs Group’s Q4 2017 earnings at $4.76 EPS.
Several other equities analysts have also recently weighed in on GS. BMO Capital Markets reaffirmed a “hold” rating and issued a $202.00 price target on shares of Goldman Sachs Group in a research report on Friday, October 6th. Credit Suisse Group cut shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and raised their price target for the company 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 issued a $250.00 price target (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 target on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $255.76.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period last year, the business posted $5.08 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFG Advisory LLC purchased a new position in shares of Goldman Sachs Group during the 4th quarter valued at $203,000. Twin Capital Management Inc. grew its position in shares of Goldman Sachs Group by 10.3% during the 4th quarter. Twin Capital Management Inc. now owns 34,060 shares of the investment management company’s stock valued at $8,677,000 after purchasing an additional 3,180 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Goldman Sachs Group during the 4th quarter valued at $253,000. TIAA FSB grew its position in shares of Goldman Sachs Group by 24.3% during the 4th quarter. TIAA FSB now owns 32,802 shares of the investment management company’s stock valued at $8,356,000 after purchasing an additional 6,411 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Goldman Sachs Group by 3.2% during the 4th quarter. IFM Investors Pty Ltd now owns 10,211 shares of the investment management company’s stock valued at $2,601,000 after purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 73.38% of the company’s stock.
In related news, Director David A. Viniar sold 17,500 shares of Goldman Sachs Group stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total value of $4,395,825.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction that occurred 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. Insiders sold a total of 115,333 shares of company stock worth $27,705,377 in the last ninety days. 2.57% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.10%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.60%.
About Goldman Sachs Group
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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