The Goldman Sachs Group (NYSE:GS) Price Target Increased to $460.00 by Analysts at HSBC

The Goldman Sachs Group (NYSE:GS) had its target price boosted by HSBC from $432.00 to $460.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the investment management company’s stock.

GS has been the subject of a number of other research reports. Oppenheimer lowered their target price on The Goldman Sachs Group from $506.00 to $446.00 and set an outperform rating for the company in a report on Tuesday, March 19th. JMP Securities reissued a market outperform rating and issued a $440.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, January 17th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an overweight rating in a research note on Thursday, March 21st. UBS Group increased their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a buy rating in a research note on Tuesday, January 9th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a neutral rating to an outperform rating and increased their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $411.10.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $417.69 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $419.20. The company has a market cap of $135.55 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.56 and a beta of 1.42. The business has a fifty day simple moving average of $388.58 and a 200 day simple moving average of $357.54.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the firm earned $3.32 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $2.75 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.63%. The Goldman Sachs Group’s dividend payout ratio is presently 48.20%.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock worth $15,080,021 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

A number of large investors have recently bought and sold shares of the company. First Foundation Advisors grew its position in shares of The Goldman Sachs Group by 18.4% in the second quarter. First Foundation Advisors now owns 1,771 shares of the investment management company’s stock valued at $571,000 after purchasing an additional 275 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in The Goldman Sachs Group by 2.0% during the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 72 shares during the period. Congress Wealth Management LLC DE boosted its stake in The Goldman Sachs Group by 27,076.5% during the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares during the period. Syon Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter valued at $1,395,000. Finally, Fort Point Capital Partners LLC boosted its stake in The Goldman Sachs Group by 11.1% during the second quarter. Fort Point Capital Partners LLC now owns 728 shares of the investment management company’s stock valued at $235,000 after buying an additional 73 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.