The Goldman Sachs Group (NYSE:GS) PT Raised to $479.00

The Goldman Sachs Group (NYSE:GS) had its price objective raised by investment analysts at Oppenheimer from $446.00 to $479.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the investment management company’s stock. Oppenheimer’s price target would suggest a potential upside of 18.59% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. JMP Securities upped their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Evercore ISI raised their target price on The Goldman Sachs Group from $418.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. HSBC boosted their price target on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $390.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Stock Up 1.8 %

GS stock opened at $403.91 on Tuesday. The Goldman Sachs Group has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The stock has a market capitalization of $131.08 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.56 and a beta of 1.43. The business’s fifty day moving average price is $395.67 and its two-hundred day moving average price is $365.35. 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 Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the prior year, the company posted $8.79 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. On average, equities analysts anticipate that The Goldman Sachs Group will post 32.76 earnings per share for the current year.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on 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 completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock valued at $13,950,851 over the last ninety days. 0.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors raised its stake in shares of The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares during the last quarter. Morgan Stanley raised its position in The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after buying an additional 1,696,350 shares during the last quarter. Fisher Asset Management LLC lifted its stake in The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after acquiring an additional 152,474 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in The Goldman Sachs Group by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock worth $2,004,153,000 after acquiring an additional 27,524 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after acquiring an additional 274,989 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

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.