Goldman Sachs Group Inc. (NYSE:GS) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports.

A number of other analysts have also recently issued reports on the company. Vetr cut Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $170.52 target price for the company. in a research report on Thursday, October 27th. Rafferty Capital Markets upped their target price on Goldman Sachs Group from $191.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Nomura reissued a “buy” rating and issued a $197.00 target price on shares of Goldman Sachs Group in a research report on Thursday, September 29th. Macquarie raised Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research report on Friday, November 18th. Finally, Citigroup Inc. upped their target price on Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $182.28.

Analyst Recommendations for Goldman Sachs Group (NYSE:GS)

Shares of Goldman Sachs Group (NYSE:GS) opened at 209.70 on Tuesday. The stock has a 50 day moving average price of $186.97 and a 200-day moving average price of $166.34. Goldman Sachs Group has a 52-week low of $138.20 and a 52-week high of $213.41. The stock has a market capitalization of $87.82 billion, a PE ratio of 16.83 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.09. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The business had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the business posted $4.51 EPS. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group will post $15.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is 20.72%.

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In related news, EVP Alan M. Cohen sold 5,322 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $208.82, for a total value of $1,111,340.04. Following the transaction, the executive vice president now owns 85,528 shares in the company, valued at $17,859,956.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan M. Cohen sold 5,000 shares of Goldman Sachs Group stock in a transaction on Monday, November 7th. The shares were sold at an average price of $181.19, for a total value of $905,950.00. Following the completion of the transaction, the executive vice president now owns 61,444 shares in the company, valued at approximately $11,133,038.36. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Goldman Sachs Group by 0.4% in the second quarter. Vanguard Group Inc. now owns 22,472,479 shares of the investment management company’s stock worth $3,338,962,000 after buying an additional 93,526 shares during the last quarter. Dodge & Cox boosted its position in shares of Goldman Sachs Group by 11.4% in the second quarter. Dodge & Cox now owns 15,020,855 shares of the investment management company’s stock worth $2,231,799,000 after buying an additional 1,531,815 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Goldman Sachs Group by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,644,354 shares of the investment management company’s stock worth $1,878,700,000 after buying an additional 194,684 shares during the last quarter. Capital World Investors boosted its position in shares of Goldman Sachs Group by 0.3% in the second quarter. Capital World Investors now owns 11,404,284 shares of the investment management company’s stock worth $1,694,449,000 after buying an additional 38,554 shares during the last quarter. Finally, Harris Associates L P boosted its position in shares of Goldman Sachs Group by 6.3% in the second quarter. Harris Associates L P now owns 5,743,708 shares of the investment management company’s stock worth $853,400,000 after buying an additional 338,324 shares during the last quarter. Hedge funds and other institutional investors own 69.61% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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