UBS Group Increases The Goldman Sachs Group (NYSE:GS) Price Target to $535.00

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

Several other research analysts also recently commented on GS. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a market perform rating in a research report on Tuesday, April 16th. Royal Bank of Canada lifted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a sector perform rating in a research report on Tuesday, April 16th. HSBC lifted their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. JMP Securities lifted their price target 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. Finally, Evercore ISI lifted their price target on The Goldman Sachs Group from $440.00 to $475.00 and gave the stock an outperform rating in a research report on Wednesday, July 3rd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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 $479.23 on Tuesday. The firm has a market capitalization of $154.53 billion, a PE ratio of 18.71, a PEG ratio of 0.94 and a beta of 1.37. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $483.16. The business has a 50-day moving average price of $457.81 and a two-hundred day moving average price of $416.28.

The Goldman Sachs Group (NYSE:GS) last announced 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 Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the company earned $8.79 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, analysts predict that The Goldman Sachs Group will post 36.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors have recently modified their holdings of the stock. Fulton Bank N.A. raised its holdings in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock worth $1,233,000 after buying an additional 22 shares in the last quarter. Jacobi Capital Management LLC increased its stake in shares of The Goldman Sachs Group by 1.5% in the first quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock valued at $653,000 after buying an additional 23 shares during the period. 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 valued at $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 valued at $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 valued at $1,603,000 after purchasing an additional 25 shares in the last quarter. 71.21% of the stock is currently 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.