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Goldman Sachs Falls After Q1 Miss
20 April 2017, 03:41 | Laverne Osborne
Honkamp Krueger Financial Services Inc. Reduces Position in Goldman Sachs Group Inc (GS)
The original version of this report can be read at https://baseballnewssource.com/markets/goldman-sachs-group-inc-gs-given-a-250-00-price-target-at-royal-bank-of-canada/621986.html.
Several investment firms issued their expert ratings on The Goldman Sachs Group, Inc.
Berenberg Downgrade its coverage for The Goldman Sachs Group, Inc. The figure tells us what earnings were generated from invested capital of The Goldman Sachs Group, Inc. The count of Hold ratings in that period was 2. But GS stock has been correcting over 11% in the last four weeks. (GS)'s distance from 200 day simple moving average is 6.66 percent, its distance from 50 day simple moving average is -10.22 percent, while its distance from 20 day simple moving average is -5.96 percent. The firm has a market cap of $90.26 billion, a price-to-earnings ratio of 13.36 and a beta of 1.50. Goldman Sachs Group has a 1-year low of $138.20 and a 1-year high of $255.15. Goldman Sachs Group Inc fell the most since the day after the United Kingdom voted to leave the European Union, leading the Dow Jones Industrial Average lower after bond-trading revenue fell short of estimates and lagged behind rivals. Stock investors purchased 8,747 call options on the stock.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 18th. Analysts polled by Thomson Reuters had expected Goldman Sachs to earn $5.31 a share on revenue of $8.45 billion.
Goldman's return on equity, a closely watched measure of profitability, stood at 11.4% in the quarter. The stock traded at its lowest level in almost 5 months after reporting earnings per share of $5.15 on revenue of $8.026 billion.
As the earnings date approaches, we can see that insider ownership is now 1.90% shares, and institutional ownership is at 82.40% for W.W. Grainger, Inc.
Investors had expected a strong quarter for Goldman, regarded by many on the street as the most nimble trading shop.
Goldman Sachs disappointed its investors as it missed analysts forecasts reported a diluted earnings per share of $5.15 versus expectations of $5.31 per share. Shareholders of record on Thursday, March 2nd were paid a dividend of $0.65 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.39%.
On 1/20/2016 Goldman Sachs Group announced a quarterly dividend of $0.65 1.71% with an ex dividend date of 2/29/2016 which will be payable on 3/30/2016.
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Yahoo Finance is tracking Goldman Sachs, Bank of America, IBM and Yahoo in intraday trading on Tuesday.
The Goldman Sachs logo is pictured on their post as traders work on the floor of the New York Stock Exchange in New York August 4, 2014.
The stock grew about 9.66% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well. The number of shares now owned by investors are 397.79 mln. Analyst's mean target price for GS is $253.00 while analysts mean recommendation is 2.60. LLC now owns 35,228 shares of the investment management company's stock valued at $5,681,000 after buying an additional 5,928 shares during the period. The disclosure for this sale can be found here. The stock traded between $213.18 and $219.89 on volume of 12.46 million shares traded. Equity underwriting surged 70 per cent to US$311 million, while fees from advising companies on mergers and acquisitions fell 2 per cent to US$756 million. The Goldman Sachs Group, Inc. has a quick ratio of *tba measuring its ability to meet its short term obligations with its most liquid assets. Parallel Advisors LLC purchased a new position in Goldman Sachs Group during the fourth quarter worth about $121,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in Goldman Sachs Group during the fourth quarter valued at $166,000. The Investment Banking segment consists of financial advisory and underwriting.
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