Brokerages Set The Goldman Sachs Group, Inc. (NYSE:GS) Target Price at $455.89

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) have received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $484.59.

Several analysts recently weighed in on GS shares. HSBC lifted their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada lifted their price target on shares of The Goldman Sachs Group from $435.00 to $500.00 and gave the company a “sector perform” rating in a report on Tuesday, July 16th. UBS Group lifted their price target on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Barclays lifted their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $475.00 to $513.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $484.93 on Friday. The stock has a market cap of $156.37 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. The firm’s fifty day simple moving average is $463.11 and its 200 day simple moving average is $420.97. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $509.48. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, August 30th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. Insiders sold a total of 4,018,500 shares of company stock valued at $34,342,615 in the last quarter. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently bought and sold shares of GS. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of The Goldman Sachs Group by 13.7% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after purchasing an additional 20,018 shares during the period. HTLF Bank bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $850,000. Apexium Financial LP lifted its stake in shares of The Goldman Sachs Group by 7.1% in the 4th quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after purchasing an additional 378 shares during the period. Empowered Funds LLC increased its holdings in The Goldman Sachs Group by 62.7% in the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after acquiring an additional 2,428 shares in the last quarter. Finally, Duality Advisers LP purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $1,388,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

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.