Company Update: The Goldman Sachs Group Inc (NYSE:GS) – Goldman Sachs to pay $15 million to settle SEC stock lending case

[Reuters] – Goldman made improper representations to customers who requested that the firm locate certain stocks for short selling, the SEC said. Goldman, however, had not performed an adequate review of the securities customers had asked it to locate, the SEC said. “We are pleased to have resolved this matter with the SEC,” A Goldman Sachs spokeswoman said. Read more on this. The Goldman Sachs Group, Inc. (GS) , with a current market cap of $72.01B, opened this morning at $160.30. Looking at the stock, its one day range is $156.76 to $162.51 with the price of the stock fluctuating between $156.76 to $218.77 over the last 52 weeks. GS shares are currently priced at 10.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.74x earnings multiple for the same period. The company pays shareholders $2.60 per share annually in dividends, yielding 1.59%. Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $3.53 per share, which would be $0.85 worse than the year-ago quarter and a $1.23 sequential decrease. The full-year EPS estimate is $14.63, which would be a $2.44 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.09 Billion. If reported, that would be a 7.80% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley upgraded GS from Equal-Weight to Overweight (Oct 26, 2015). Previously, Sandler O’Neill upgraded GS from Hold to Buy. The average price target for GS shares by the analysts covering it is $205.96, which is 28.48% above where the stock opened. See more in (NYSE:GS) Similar Articles: Market Update: The Goldman Sachs Group Inc (NYSE:GS) – HazelTree and Goldman Sachs Asset Management Announce Strategic Partnership to Help Investment Managers Manage Cash Holdings Stock Update: The Goldman Sachs Group Inc (NYSE:GS) – Kensho Technologies Inc. Honored by Goldman Sachs for Entrepreneurship – Daniel Nadler Among 100 Most Intriguing Entrepreneurs at 2015 Builders + Innovators Summit Company Update: The Goldman Sachs Group Inc (NYSE:GS) – Goldman Sachs to invest $150 mln in India’s Piramal Realty