Instinet reissued their outperform rating on shares of Goldman Sachs Group (NYSE:GS) in a report published on Thursday, January 4th. Instinet currently has a $225.00 price objective on the investment management company’s stock, down from their previous price objective of $238.00.

Several other equities research analysts also recently issued reports on the company. Buckingham Research restated a neutral rating and set a $250.00 price objective (up from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Citigroup reiterated a neutral rating and issued a $250.00 target price (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. TheStreet lowered Goldman Sachs Group from a b rating to a c+ rating in a research report on Thursday, September 7th. Zacks Investment Research lowered Goldman Sachs Group from a hold rating to a sell rating in a research report on Thursday, September 21st. Finally, BMO Capital Markets boosted their price objective on Goldman Sachs Group from $202.00 to $217.00 and gave the company a market perform rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $255.76.

Shares of Goldman Sachs Group (GS) traded down $3.43 during mid-day trading on Thursday, hitting $269.05. The stock had a trading volume of 1,195,329 shares, compared to its average volume of 3,659,965. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $101,520.00, a PE ratio of 31.05, a P/E/G ratio of 0.97 and a beta of 1.47. Goldman Sachs Group has a twelve month low of $209.62 and a twelve month high of $273.79.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.08 earnings per share. analysts forecast that Goldman Sachs Group will post 21.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders 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 annualized dividend and a yield of 1.12%. Goldman Sachs Group’s dividend payout ratio (DPR) is 34.60%.

In related news, Director David A. Viniar sold 17,500 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total transaction of $4,395,825.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,333 shares of company stock valued at $27,705,377. Insiders own 2.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GS. Chevy Chase Trust Holdings Inc. boosted its position in Goldman Sachs Group by 2.2% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 542,302 shares of the investment management company’s stock valued at $120,338,000 after buying an additional 11,815 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Goldman Sachs Group by 511.9% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 58,404 shares of the investment management company’s stock valued at $12,960,000 after buying an additional 48,860 shares during the last quarter. James Investment Research Inc. boosted its position in Goldman Sachs Group by 47,131.7% in the 2nd quarter. James Investment Research Inc. now owns 56,678 shares of the investment management company’s stock valued at $12,576,000 after buying an additional 56,558 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Goldman Sachs Group in the 2nd quarter valued at $397,000. Finally, Beese Fulmer Investment Management Inc. boosted its position in Goldman Sachs Group by 1.1% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 17,895 shares of the investment management company’s stock valued at $3,971,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

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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.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

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