According to the research note published by Kotowski Goldman Sachs Group Inc.
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Goldman Sachs (NYSE:GS) traded down 0.17% on Tuesday, hitting $179.41. The 52-week high of the share price is $218.77 and the 52-week low is $171.26. The company has a market cap of $78,324 million and the number of outstanding shares have been calculated to be 432,871,000 shares. Barclays raised their price target on Goldman Sachs from $225.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th.
The ActiveBeta US Large Cap Equity ETF (GSLC) shares numerous same benefits of traditional ETFs-a defined strategy, diversified exposure to stocks and low costs-but it is powered by the Goldman Sachs ActiveBeta index, a performance-seeking methodology from Goldman Sachs that delivers the potential to outperform the market.
Goldman Sachs Group Inc NYSE:GS has a 50 day moving average of 199.58 Dollars and the 200 Day Moving Average price is recorded at 197.50 USD. Another observation is that the highest analyst price target is up at $245. The company has a market cap of $80.94 billion and a P/E ratio of 10.62. During the same period in the previous year, the company posted $4.10 EPS. The investment management company reported $4.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $1.05. The business had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.81 billion. All in all, the revenues of industry FICC trading had, out of the last 22 quarters, reduced in 17. This is up from average of 3.61M shares.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. This would result in 11.8 times fair value – which is also how the price target of $236 was decided. The stock was sold at an average price of $211.17, for a total transaction of $7,037,451.42.
Goldman Sachs Group Inc said on Monday it was launching its first ever exchange traded fund, as the bank tries to break into the lucrative and highly competitive $3 trillion market for ETFs. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The Company has four business segments. The services of the Investment Banking section include equity and debt underwriting of public offerings and private placements and strategic advisory assignments. The analyst, Chris Kotowski, from Oppenheimer, said that he had been keeping a close check on the company’s stock mainly because it has a rather bearish outlook when it came to trends pertaining to currencies, fixed incomes, as well as commodities trading. Financing tasks and its investing range from the Company’s investing and relationship financing actions across various asset classes, mostly private and public equity securities and loans, debt securities, and property.
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The bank is introducing new products as it seeks to grow revenue in its investment management division.
