Goldman Sachs Group’s (GS) Hold Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Goldman Sachs Group (NYSE:GS) in a report published on Tuesday morning.

GS has been the topic of a number of other reports. Zacks Investment Research raised shares of Goldman Sachs Group from a hold rating to a buy rating and set a $291.00 price objective on the stock in a research note on Tuesday, December 19th. Vertical Group raised shares of Goldman Sachs Group from a hold rating to a buy rating in a research note on Friday, December 29th. Wells Fargo & Co reissued an outperform rating and issued a $295.00 price objective (up from $265.00) on shares of Goldman Sachs Group in a research note on Wednesday, December 20th. Barclays increased their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an equal weight rating in a research note on Tuesday, January 2nd. Finally, Instinet reissued an outperform rating and issued a $225.00 price objective (down from $238.00) on shares of Goldman Sachs Group in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $251.90.

Goldman Sachs Group (NYSE GS) traded up $0.80 during trading hours on Tuesday, hitting $255.13. 2,422,400 shares of the stock were exchanged, compared to its average volume of 2,668,950. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group has a fifty-two week low of $209.62 and a fifty-two week high of $262.14. The firm has a market cap of $96,240.00, a PE ratio of 13.25, a PEG ratio of 1.02 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The business had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the prior year, the company posted $4.88 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. analysts forecast that Goldman Sachs Group will post 19.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.18%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.58%.

In other news, Director David A. Viniar sold 7,393 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David M. Solomon sold 12,707 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,177 shares of company stock worth $32,435,160. 2.57% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in GS. Vanguard Group Inc. increased its position in Goldman Sachs Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock worth $5,341,749,000 after purchasing an additional 304,400 shares in the last quarter. Capital World Investors increased its position in Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after purchasing an additional 726,582 shares in the last quarter. Capital Research Global Investors increased its position in Goldman Sachs Group by 4.0% during the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock worth $1,535,195,000 after purchasing an additional 265,784 shares in the last quarter. Greenhaven Associates Inc. increased its position in Goldman Sachs Group by 2.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock worth $841,730,000 after purchasing an additional 91,200 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Goldman Sachs Group by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock worth $858,366,000 after purchasing an additional 356,956 shares in the last quarter. Institutional investors and hedge funds own 73.27% of the company’s stock.

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Goldman Sachs Group Company Profile

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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