A number of research firms have changed their ratings and price targets for The Goldman Sachs Group (NYSE: GS):
- 7/30/2024 – The Goldman Sachs Group had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $500.00 price target on the stock.
- 7/30/2024 – The Goldman Sachs Group had its price target raised by analysts at Morgan Stanley from $513.00 to $561.00. They now have an “overweight” rating on the stock.
- 7/17/2024 – The Goldman Sachs Group had its price target raised by analysts at BMO Capital Markets from $360.00 to $373.00. They now have a “market perform” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Royal Bank of Canada from $435.00 to $500.00. They now have a “sector perform” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Wells Fargo & Company from $504.00 to $550.00. They now have an “overweight” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Barclays PLC from $493.00 to $565.00. They now have an “overweight” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at JPMorgan Chase & Co. from $461.00 to $464.00. They now have an “overweight” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Morgan Stanley from $475.00 to $513.00. They now have an “overweight” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Evercore ISI from $475.00 to $520.00. They now have an “outperform” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $504.00 to $559.00. They now have an “outperform” rating on the stock.
- 7/16/2024 – The Goldman Sachs Group had its price target raised by analysts at Citigroup Inc. from $460.00 to $485.00. They now have a “neutral” rating on the stock.
- 7/9/2024 – The Goldman Sachs Group had its price target raised by analysts at UBS Group AG from $490.00 to $535.00. They now have a “buy” rating on the stock.
- 7/3/2024 – The Goldman Sachs Group had its price target raised by analysts at Evercore ISI from $440.00 to $475.00. They now have an “outperform” rating on the stock.
- 7/2/2024 – The Goldman Sachs Group was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
- 6/27/2024 – The Goldman Sachs Group had its price target lowered by analysts at Morgan Stanley from $486.00 to $475.00. They now have an “overweight” rating on the stock.
- 6/27/2024 – The Goldman Sachs Group had its price target raised by analysts at Keefe, Bruyette & Woods from $485.00 to $520.00. They now have an “outperform” rating on the stock.
The Goldman Sachs Group Trading Up 3.0 %
NYSE:GS traded up $14.84 on Tuesday, reaching $507.56. The company’s stock had a trading volume of 923,036 shares, compared to its average volume of 2,299,176. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-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 firm has a market cap of $163.67 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37. The stock has a 50 day moving average price of $466.64 and a 200 day moving average price of $425.80.
The Goldman Sachs Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.36%. The Goldman Sachs Group’s payout ratio is presently 42.95%.
Insider Activity
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $25,000. First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $26,000. Versant Capital Management Inc lifted its holdings in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
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
- Five stocks we like better than The Goldman Sachs Group
- 3 Healthcare Dividend Stocks to Buy
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
- Energy and Oil Stocks Explained
- Aerospace Stock Fires Up a Solid EPS Beat and Raises Guidance
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Pharma Stock Cuts Earnings Outlook: Still a Buying Opportunity
Receive News & Ratings for The Goldman Sachs Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.