Published: Fri, December 02, 2016
Economy | By Melissa Porter

Goldman shares hit highest level since financial crisis in post-election rally

Goldman shares hit highest level since financial crisis in post-election rally

Syntel, Inc. (NASDAQ:SYNT) announced that its Board of Directors has authorized a stock repurchase plan under which the Company may repurchase shares of common stock with a total value not to exceed $10,000,000.00.

11/10/2015 - Goldman Sachs BDC, Inc. was upgraded to "buy" by analysts at SunTrust.

06/01/2015 - Goldman Sachs BDC, Inc. was downgraded to "market perform" by analysts at Goldman Sachs. 13 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. Everence Management Inc has invested 0.3% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). It would take about 1.89 days to cover all short positions. Guardian Life Insurance Of America accumulated 1,468 shares or 0.02% of the stock. Hedge funds and other institutional investors own 71.33% of the company's stock. West Family Investments Inc sold 69,200 shares as the company's stock declined 7.03% while stock markets rallied. (GS) closed 29.72% above its 200-day moving average and is 17.29% above another chart threshold, its 50-day moving average. Keefe Bruyette analysts disclosed their opinion on The Goldman Sachs Group, Inc. For the prior quarter revenue for the stock hit $7.93B, with EPS at $3.72. The firm had revenue of $33.95 million for the quarter, compared to analyst estimates of $26.37 million.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 18.16 jumped so far this year. Goldman Sachs is now up by 3.5 percent after reaching its best intraday level in nearly nine years. The weekly volatility is at 1.19% while the monthly volatility rests at 2.03%. The ex-dividend date is Wednesday, December 28th. Goldman Sachs Group's dividend payout ratio is now 24.60%.

Several other equities research analysts have also weighed in on the company.

Analysts await Goldman Sachs Group Inc (NYSE:GS) to report earnings on January, 18.

Goldman Sachs has 418,799,000 shares in issue which have a share price of 219.85 giving Goldman Sachs a market capitalisation of 92.07B Dollars. UBS maintained Goldman Sachs Group Inc (NYSE:GS) rating on Friday, October 16. The Average price target is noted at $58.28 this average price is calculated and based on coming up with go through the consensus of analysts and stock's current price is placed at $55.47. Finally, Nomura reissued a "buy" rating and issued a $197.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, September 29th. Zacks Investment Research upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating and set a $25.00 price target on the stock in a report on Tuesday, November 8th. 3,566 shares with value of $744,056 were sold by COHN GARY D on Friday, November 11. Insiders own 0.35% of the company's stock. Shares for $4.99 million were sold by COOPER EDITH W. Shares for $905,941 were sold by COHEN ALAN M on Monday, November 7. Gap traders find stocks that have a price gap from the previous close and then watch the first hour or so of trading in order to identify what the trading range is. Following the completion of the transaction, the insider is left with a stake of 2,270,504 shares, amounting $480779222.

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