The Goldman Sachs Group, Inc. (NYSE:GS) Receives $558.38 Average Price Target from Analysts

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) have received a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $569.31.

GS has been the subject of several research analyst reports. Barclays boosted their price target on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a report on Monday, January 6th. JMP Securities upped their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th.

The Goldman Sachs Group Stock Down 3.4 %

Shares of GS opened at $560.40 on Friday. The stock has a market cap of $175.92 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.85 and a beta of 1.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group has a 12 month low of $372.07 and a 12 month high of $612.73. The company has a 50-day moving average price of $583.74 and a two-hundred day moving average price of $525.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the company posted $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group will post 37.06 EPS for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,940 shares of company stock valued at $13,717,979 in the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Several large investors have recently bought and sold shares of the business. Graypoint LLC increased its position in The Goldman Sachs Group by 0.9% during the fourth quarter. Graypoint LLC now owns 5,033 shares of the investment management company’s stock valued at $2,882,000 after acquiring an additional 44 shares during the last quarter. RMR Wealth Builders lifted its stake in The Goldman Sachs Group by 7.9% in the fourth quarter. RMR Wealth Builders now owns 3,899 shares of the investment management company’s stock worth $2,232,000 after acquiring an additional 286 shares during the period. Bruce G. Allen Investments LLC lifted its stake in The Goldman Sachs Group by 18.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 234 shares of the investment management company’s stock worth $134,000 after acquiring an additional 37 shares during the period. HBW Advisory Services LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $298,000. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after buying an additional 2,863 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

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.