The Goldman Sachs Group (NYSE:GS) Upgraded at Daiwa Capital Markets

Daiwa Capital Markets upgraded shares of The Goldman Sachs Group (NYSE:GSFree Report) from a neutral rating to an outperform rating in a research report released on Thursday, MarketBeat Ratings reports. Daiwa Capital Markets currently has $430.00 price target on the investment management company’s stock, up from their prior price target of $410.00.

A number of other research firms also recently weighed in on GS. Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a buy rating for the company. Oppenheimer increased their target price on shares of The Goldman Sachs Group from $491.00 to $506.00 and gave the company an outperform rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $398.00 to $421.00 and gave the stock an overweight rating in a report on Tuesday, January 9th. Morgan Stanley upgraded The Goldman Sachs Group from an equal weight rating to an overweight rating and raised their price objective for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, JMP Securities reiterated a market outperform rating and set a $440.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $410.22.

View Our Latest Report on GS

The Goldman Sachs Group Stock Down 0.4 %

NYSE GS opened at $387.21 on Thursday. The stock has a fifty day moving average of $385.20 and a 200-day moving average of $353.42. The stock has a market capitalization of $126.06 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The Goldman Sachs Group has a 52 week low of $289.36 and a 52 week high of $397.49. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the company earned $3.32 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that The Goldman Sachs Group will post 32.79 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be issued a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.84%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

Insider Buying and Selling

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock valued at $15,080,021 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors have recently made changes to their positions in the stock. First United Bank & Trust acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $26,000. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $29,000. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $32,000. Cambridge Trust Co. grew its position in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. 69.06% of the stock is currently owned by institutional investors and hedge funds.

About The Goldman Sachs Group

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.