Goldman Sachs Group, Inc. (The) (NYSE:GS) PT Raised to $256.00 at Oppenheimer Holdings, Inc.

Goldman Sachs Group, Inc. (The) (NYSE:GS) had its target price boosted by Oppenheimer Holdings, Inc. from $251.00 to $256.00 in a research note released on Wednesday, July 19th. The brokerage currently has an outperform rating on the investment management company’s stock. Oppenheimer Holdings also issued estimates for Goldman Sachs Group, Inc. (The)’s FY2017 earnings at $18.53 EPS.

Other analysts have also issued reports about the company. Royal Bank Of Canada dropped their price target on Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a sector perform rating on the stock in a report on Wednesday, April 19th. UBS AG reiterated a buy rating and set a $285.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Atlantic Securities upgraded Goldman Sachs Group, Inc. (The) from a neutral rating to an overweight rating and lifted their price target for the stock from $214.00 to $254.00 in a report on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the stock a buy rating in a report on Saturday, May 6th. Finally, JMP Securities reiterated a market perform rating on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $235.44.

Shares of Goldman Sachs Group, Inc. (GS) traded down 0.60% during midday trading on Wednesday, hitting $224.15. The stock had a trading volume of 2,956,601 shares. The company’s 50 day moving average is $225.05 and its 200 day moving average is $229.72. The firm has a market cap of $87.02 billion, a P/E ratio of 11.75 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $3.72 earnings per share. On average, equities analysts predict that Goldman Sachs Group, Inc. will post $18.20 earnings per share for the current fiscal year.

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Goldman Sachs Group, Inc. (The) declared that its board has initiated a share repurchase program on Tuesday, April 18th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the investment management company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.34%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

In other news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the transaction, the executive vice president now directly owns 80,109 shares in the company, valued at approximately $18,827,217.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the transaction, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last quarter. Company insiders own 2.57% of the company’s stock.

Several institutional investors have recently bought and sold shares of GS. Sumitomo Mitsui Financial Group Inc. purchased a new position in Goldman Sachs Group, Inc. (The) during the second quarter worth about $101,000. WealthTrust Arizona LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the second quarter valued at $111,000. Finally, First Personal Financial Services boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after buying an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

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.

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

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