The Goldman Sachs Group (NYSE:GS) PT Raised to $520.00

The Goldman Sachs Group (NYSE:GS) had its target price raised by investment analysts at Keefe, Bruyette & Woods from $485.00 to $520.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 14.96% from the company’s current price.

Several other research analysts have also weighed in on GS. Citigroup lifted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. JMP Securities lifted their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Bank of America lifted their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer boosted their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $443.78.

The Goldman Sachs Group Stock Up 1.4 %

Shares of NYSE:GS opened at $452.32 on Thursday. The firm has a market cap of $145.86 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group has a 12-month low of $289.36 and a 12-month high of $471.48. The business has a fifty day simple moving average of $449.86 and a 200 day simple moving average of $410.39.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $8.79 EPS. Analysts predict that The Goldman Sachs Group will post 36.59 earnings per share for the current year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director David A. Viniar sold 5,000 shares of the 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 owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GS. Jacobi Capital Management LLC boosted its holdings in The Goldman Sachs Group by 1.5% in the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock worth $653,000 after buying an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in The Goldman Sachs Group by 1.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,866 shares of the investment management company’s stock worth $779,000 after purchasing an additional 24 shares in the last quarter. Powell Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 0.7% in the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock worth $1,603,000 after purchasing an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock worth $944,000 after purchasing an additional 25 shares in the last quarter. Finally, Optas LLC lifted its stake in The Goldman Sachs Group by 2.4% in the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Institutional investors 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.