JMP Securities Boosts Goldman Sachs Group (NYSE:GS) Price Target to $285.00

Goldman Sachs Group (NYSE:GS) had its price target lifted by JMP Securities from $280.00 to $285.00 in a research report report published on Thursday morning, AR Network reports. The brokerage currently has a market outperform rating on the investment management company’s stock.

A number of other research analysts also recently commented on the company. DA Davidson increased their price target on Goldman Sachs Group from $215.00 to $238.00 and gave the company a neutral rating in a report on Thursday, July 16th. UBS Group raised Goldman Sachs Group from a neutral rating to a buy rating and increased their price target for the company from $220.00 to $245.00 in a report on Wednesday, September 23rd. Barclays increased their price target on Goldman Sachs Group from $236.00 to $253.00 and gave the company an equal weight rating in a report on Thursday, July 16th. Morgan Stanley increased their price target on Goldman Sachs Group from $192.00 to $208.00 and gave the company an equal weight rating in a report on Monday, October 5th. Finally, Oppenheimer increased their price target on Goldman Sachs Group from $335.00 to $355.00 in a report on Thursday, July 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $249.29.

Shares of NYSE GS opened at $206.21 on Thursday. Goldman Sachs Group has a 1-year low of $130.85 and a 1-year high of $250.46. The business has a 50-day moving average of $202.41 and a 200-day moving average of $195.54. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 6.54 and a beta of 1.39.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 20th. The investment management company reported $9.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.57 by $4.11. Goldman Sachs Group had a return on equity of 9.07% and a net margin of 13.40%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same quarter in the prior year, the business earned $4.79 earnings per share. The company’s revenue was up 28.6% compared to the same quarter last year. Research analysts expect that Goldman Sachs Group will post 14.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, December 1st. Goldman Sachs Group’s dividend payout ratio is currently 23.78%.

A number of institutional investors and hedge funds have recently bought and sold shares of GS. Howe & Rusling Inc. acquired a new stake in Goldman Sachs Group in the 2nd quarter valued at approximately $35,000. Heritage Wealth Advisors increased its position in Goldman Sachs Group by 495.0% in the 2nd quarter. Heritage Wealth Advisors now owns 1,190 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 990 shares during the period. Crewe Advisors LLC boosted its stake in Goldman Sachs Group by 42.8% during the 3rd quarter. Crewe Advisors LLC now owns 207 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 62 shares in the last quarter. Costello Asset Management INC bought a new position in Goldman Sachs Group during the 2nd quarter valued at $44,000. Finally, West Oak Capital LLC bought a new position in Goldman Sachs Group during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 68.70% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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