Goldman Sachs (NYSE:GS) had its price objective upped by equities research analysts at Oppenheimer from $231.00 to $239.00 in a research report issued on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the investment management company’s stock. Oppenheimer’s price objective would suggest a potential upside of 52.17% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. RBC Capital decreased their target price on shares of Goldman Sachs from $200.00 to $190.00 in a research note on Wednesday, October 7th. Deutsche Bank decreased their target price on shares of Goldman Sachs from $215.00 to $200.00 in a research note on Tuesday, October 27th. Keefe, Bruyette & Woods decreased their target price on shares of Goldman Sachs from $205.00 to $187.00 in a research note on Thursday, January 21st. Morgan Stanley reissued a “buy” rating on shares of Goldman Sachs in a research note on Tuesday, October 27th. Finally, Vetr cut shares of Goldman Sachs from a “strong-buy” rating to a “buy” rating and set a $205.17 target price for the company. in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Goldman Sachs has an average rating of “Hold” and a consensus price target of $203.03.

In other Goldman Sachs news, major shareholder Goldman Sachs Group Inc purchased 9,685 shares of the firm’s stock in a transaction on Tuesday, January 19th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $176,654.40. Following the transaction, the insider now owns 5,831,299 shares in the company, valued at approximately $106,362,893.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory K. Palm sold 10,368 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $188.34, for a total transaction of $1,952,709.12. Following the completion of the transaction, the vice president now owns 908,494 shares of the company’s stock, valued at $171,105,759.96. The disclosure for this sale can be found here.

Shares of Goldman Sachs (NYSE:GS) traded up 1.95% during trading on Friday, hitting $160.13. 849,553 shares of the stock were exchanged. Goldman Sachs has a 1-year low of $151.12 and a 1-year high of $218.77. The company has a market cap of $70.71 billion and a P/E ratio of 13.19. The firm’s 50-day moving average is $169.83 and its 200 day moving average is $186.23.

Goldman Sachs (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 20th. The investment management company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.54 by $2.27. During the same quarter in the previous year, the business earned $4.38 EPS. The firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $7.14 billion. The firm’s revenue was down 5.5% compared to the same quarter last year. Equities analysts forecast that Goldman Sachs will post $17.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 30th. Shareholders of record on Wednesday, March 2nd will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.66%. The ex-dividend date is Monday, February 29th.

A number of hedge funds and institutional investors recently made changes to their positions in the company. Laurel Grove Capital bought a new position in shares of Goldman Sachs during the fourth quarter valued at approximately $324,000. Montecito Bank & Trust bought a new stake in shares of Goldman Sachs during the fourth quarter valued at $324,000. GW & Wade boosted its stake in shares of Goldman Sachs by 3.8% in the fourth quarter. GW & Wade now owns 2,059 shares of the investment management company’s stock valued at $371,000 after buying an additional 76 shares during the last quarter. Atria Investments boosted its stake in shares of Goldman Sachs by 70.6% in the fourth quarter. Atria Investments now owns 2,330 shares of the investment management company’s stock valued at $382,000 after buying an additional 964 shares during the last quarter. Finally, Murphy Capital Management Inc. increased its position in shares of Goldman Sachs by 8.4% in the fourth quarter. Murphy Capital Management Inc. now owns 2,465 shares of the investment management company’s stock worth $444,000 after buying an additional 190 shares during the period.

The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments. The Investment Banking segment’s services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. Its investing and lending activities include the Company’s investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. Its investment management segment provides investment and wealth advisory services.

12 Month Chart for NYSE:GS

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