Goldman Sachs (NYSE:GS) had its target price cut by RBC Capital from $190.00 to $180.00 in a report issued on Monday, ARN reports. The firm presently has a “sector perform” rating on the investment management company’s stock. RBC Capital’s price target would suggest a potential upside of 14.75% from the stock’s previous close.

Goldman Sachs (NYSE:GS) opened at 156.86 on Monday. The company has a 50-day moving average of $173.55 and a 200-day moving average of $187.72. The company has a market cap of $69.27 billion and a price-to-earnings ratio of 12.92. Goldman Sachs has a one year low of $151.49 and a one year high of $218.77.

Goldman Sachs (NYSE:GS) last announced 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. The company earned $7.27 billion during the quarter, compared to analyst estimates of $7.14 billion. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.38 EPS. Equities research analysts expect that Goldman Sachs will post $17.79 EPS for the current fiscal year.

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

A number of hedge funds have recently modified their holdings of GS. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Goldman Sachs by 61.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 69,199 shares of the investment management company’s stock valued at $12,472,000 after buying an additional 26,300 shares in the last quarter. Oakbrook Investments LLC raised its stake in shares of Goldman Sachs by 63.5% in the fourth quarter. Oakbrook Investments LLC now owns 44,578 shares of the investment management company’s stock valued at $8,034,000 after buying an additional 17,317 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of Goldman Sachs by 9.2% in the fourth quarter. Personal Capital Advisors Corp now owns 72,680 shares of the investment management company’s stock valued at $13,099,000 after buying an additional 6,127 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Goldman Sachs by 6.4% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 13,917 shares of the investment management company’s stock valued at $2,508,000 after buying an additional 840 shares in the last quarter. Finally, American National Bank raised its stake in shares of Goldman Sachs by 14.6% in the fourth quarter. American National Bank now owns 23,321 shares of the investment management company’s stock valued at $4,203,000 after buying an additional 2,965 shares in the last quarter.

In other Goldman Sachs news, COO Gary D. Cohn sold 39,290 shares of the company’s stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $189.15, for a total value of $7,431,703.50. Following the completion of the sale, the chief operating officer now owns 615,854 shares of the company’s stock, valued at $116,488,784.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lloyd C. Blankfein sold 5,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $189.15, for a total value of $993,037.50. Following the completion of the sale, the chief executive officer now directly owns 1,393,354 shares of the company’s stock, valued at approximately $263,552,909.10. The disclosure for this sale can be found here.

A number of other brokerages have also recently issued reports on GS. Vetr cut Goldman Sachs from a “buy” rating to a “hold” rating and set a $205.48 price objective on the stock. in a research note on Monday, November 9th. Zacks Investment Research cut Goldman Sachs from a “hold” rating to a “sell” rating in a research note on Tuesday, November 10th. BMO Capital Markets assumed coverage on Goldman Sachs in a research note on Monday, November 2nd. They issued a “market perform” rating on the stock. Deutsche Bank cut Goldman Sachs from a “buy” rating to a “hold” rating and boosted their price objective for the company from $195.00 to $205.00 in a research note on Monday, November 2nd. Finally, Morgan Stanley restated a “buy” rating on shares of Goldman Sachs in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Goldman Sachs presently has an average rating of “Hold” and a consensus price target of $205.50.

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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