The Goldman Sachs Group (NYSE:GS) Given New $475.00 Price Target at Morgan Stanley

The Goldman Sachs Group (NYSE:GS) had its price objective trimmed by Morgan Stanley from $486.00 to $475.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the investment management company’s stock.

A number of other research analysts have also weighed in on the company. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. JMP Securities raised their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a market outperform rating in a research note on Tuesday, April 9th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a neutral rating to an outperform rating and upped their price objective for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Royal Bank of Canada raised their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a sector perform rating in a research report on Tuesday, April 16th. Finally, Argus raised shares of The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 price target for the company in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $443.78.

The Goldman Sachs Group Trading Down 2.2 %

The Goldman Sachs Group stock opened at $445.91 on Thursday. The stock has a market cap of $143.79 billion, a PE ratio of 17.41, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a 50-day moving average price of $448.04 and a 200 day moving average price of $409.43. The Goldman Sachs Group has a 52 week low of $289.36 and a 52 week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.79 earnings per share. Equities research analysts predict that The Goldman Sachs Group will post 36.63 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $2.75 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.47%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Personal Financial Services bought a new stake in The Goldman Sachs Group in the first quarter valued at about $25,000. Versant Capital Management Inc increased its holdings in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. Finally, LifeSteps Financial Inc. acquired a new position in The Goldman Sachs Group in the first quarter worth $33,000. 71.21% of the stock is currently owned by hedge funds and other 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.