The Goldman Sachs Group (NYSE:GS) Given New $680.00 Price Target at Wells Fargo & Company

The Goldman Sachs Group (NYSE:GS) had its price objective trimmed by Wells Fargo & Company from $720.00 to $680.00 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the investment management company’s stock.

GS has been the topic of several other reports. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Morgan Stanley dropped their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $590.60.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $543.04 on Friday. The firm has a 50-day moving average price of $608.15 and a two-hundred day moving average price of $572.36. The Goldman Sachs Group has a 12-month low of $387.12 and a 12-month high of $672.19. The company has a market capitalization of $169.45 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 earnings per share. Analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank raised its position in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after purchasing an additional 16 shares during the last quarter. Seelaus Asset Management LLC raised its position in The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after purchasing an additional 16 shares during the last quarter. Pointe Capital Management LLC lifted its holdings in The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after buying an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

About The Goldman Sachs Group

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.