Credit Suisse Group Analysts Give The Goldman Sachs Group (NYSE:GS) a $410.00 Price Target

The Goldman Sachs Group (NYSE:GSGet Rating) received a $410.00 price target from research analysts at Credit Suisse Group in a research note issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s price target points to a potential upside of 18.53% from the stock’s current price.

Other research analysts also recently issued reports about the company. Barclays lifted their price target on The Goldman Sachs Group from $410.00 to $495.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Wolfe Research cut The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 4th. JMP Securities boosted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on The Goldman Sachs Group from $370.00 to $345.00 in a research report on Friday, January 6th. Finally, BMO Capital Markets lowered their price objective on The Goldman Sachs Group from $485.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $396.54.

The Goldman Sachs Group Stock Down 0.7 %

NYSE GS traded down $2.43 during trading on Wednesday, reaching $345.90. 710,242 shares of the company’s stock were exchanged, compared to its average volume of 3,842,759. The firm has a market capitalization of $115.85 billion, a PE ratio of 11.50 and a beta of 1.41. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 2.11. The Goldman Sachs Group has a fifty-two week low of $277.84 and a fifty-two week high of $389.58. The company’s fifty day simple moving average is $360.80 and its 200-day simple moving average is $339.84.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.25 by ($1.93). The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.30%. The firm had revenue of $10.59 billion for the quarter, compared to analyst estimates of $10.91 billion. During the same quarter in the prior year, the firm earned $10.81 earnings per share. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group will post 33.71 EPS for the current year.

Insider Activity

In other news, CEO David M. Solomon sold 7,400 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $341.16, for a total transaction of $2,524,584.00. Following the transaction, the chief executive officer now owns 115,019 shares of the company’s stock, valued at $39,239,882.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Brian J. Lee sold 10,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $385.84, for a total value of $3,858,400.00. Following the completion of the sale, the insider now owns 13,656 shares in the company, valued at $5,269,031.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 7,400 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $341.16, for a total value of $2,524,584.00. Following the completion of the sale, the chief executive officer now owns 115,019 shares of the company’s stock, valued at approximately $39,239,882.04. The disclosure for this sale can be found here. Insiders have sold 4,847,711 shares of company stock valued at $117,408,700 over the last 90 days. 0.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new position in shares of The Goldman Sachs Group during the first quarter worth about $66,000. Candriam Luxembourg S.C.A. grew its holdings in shares of The Goldman Sachs Group by 1,505.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after buying an additional 38,727 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of The Goldman Sachs Group by 18.5% during the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after buying an additional 18,540 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in shares of The Goldman Sachs Group by 79.4% during the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after buying an additional 366 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after buying an additional 168 shares in the last quarter. Institutional investors own 69.09% of the company’s stock.

The Goldman Sachs Group Company Profile

(Get Rating)

The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

Further Reading

Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.