The Goldman Sachs Group (NYSE:GS) PT Raised to $504.00

The Goldman Sachs Group (NYSE:GS) had its price target lifted by research analysts at Wells Fargo & Company from $450.00 to $504.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the investment management company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.76% from the stock’s previous close.

A number of other equities research analysts have also recently commented on GS. JMP Securities increased their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Citigroup raised their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research report on Tuesday, April 16th. Finally, HSBC upped their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $440.57.

The Goldman Sachs Group Trading Up 0.7 %

Shares of GS stock opened at $446.95 on Tuesday. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $448.02. The company has a market cap of $145.05 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The stock has a 50 day simple moving average of $406.72 and a 200-day simple moving average of $377.23.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $8.79 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group will post 36.07 EPS for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal 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 business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock worth $11,713,578 in the last three months. 0.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. grew its stake in shares of The Goldman Sachs Group by 15.6% during the third quarter. Brown Advisory Inc. now owns 13,462 shares of the investment management company’s stock worth $4,356,000 after purchasing an additional 1,812 shares in the last quarter. Cambridge Trust Co. increased its holdings in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of The Goldman Sachs Group by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,021 shares of the investment management company’s stock worth $26,217,000 after acquiring an additional 1,370 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in The Goldman Sachs Group by 6.8% during the third quarter. Chicago Partners Investment Group LLC now owns 1,151 shares of the investment management company’s stock worth $344,000 after purchasing an additional 73 shares during the last quarter. Finally, Advisor Partners II LLC boosted its holdings in The Goldman Sachs Group by 7.7% in the third quarter. Advisor Partners II LLC now owns 9,729 shares of the investment management company’s stock valued at $3,148,000 after purchasing an additional 699 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

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.