The Goldman Sachs Group (NYSE:GS) Price Target Increased to $535.00 by Analysts at UBS Group

The Goldman Sachs Group (NYSE:GS) had its price target raised by UBS Group from $490.00 to $535.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the investment management company’s stock.

Several other equities research analysts have also recently issued reports on GS. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a market perform rating in a research note on Tuesday, April 16th. Seaport Res Ptn cut The Goldman Sachs Group from a strong-buy rating to a hold rating in a research note on Tuesday, July 2nd. JMP Securities boosted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a market outperform rating in a research note on Tuesday, April 9th. HSBC boosted their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an outperform rating in a research report on Thursday, June 27th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of Moderate Buy and an average price target of $450.62.

The Goldman Sachs Group Trading Up 0.1 %

Shares of NYSE:GS opened at $479.88 on Tuesday. The Goldman Sachs Group has a 12-month low of $289.36 and a 12-month high of $483.44. The stock has a market cap of $154.74 billion, a PE ratio of 18.74, a P/E/G ratio of 0.97 and a beta of 1.37. The business has a 50 day moving average of $458.64 and a 200-day moving average of $416.97. 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 (NYSE:GS) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.79 earnings per share. As a group, equities research analysts forecast that The Goldman Sachs Group will post 36.7 earnings per share for the current year.

Insider Activity at The Goldman Sachs Group

In related 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 value of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of the company. Fulton Bank N.A. boosted its position in The Goldman Sachs Group by 0.8% during the second quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock valued at $1,233,000 after acquiring an additional 22 shares during the last quarter. Jacobi Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 1.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock worth $653,000 after purchasing an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in shares of The Goldman Sachs Group by 1.3% during 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. Regatta Capital Group LLC boosted its position in shares of The Goldman Sachs Group by 2.2% during the 1st quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company’s stock worth $487,000 after purchasing an additional 25 shares in the last quarter. Finally, Powell Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 0.7% during 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. 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.