The Goldman Sachs Group (NYSE:GS) Given New $472.00 Price Target at JPMorgan Chase & Co.

The Goldman Sachs Group (NYSE:GS) had its price target boosted by JPMorgan Chase & Co. from $464.00 to $472.00 in a report released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the investment management company’s stock.

Several other equities analysts have also recently commented on the stock. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an outperform rating in a research report on Tuesday, July 16th. UBS Group increased their price target on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Seaport Res Ptn cut shares of The Goldman Sachs Group from a strong-buy rating to a hold rating in a research report on Tuesday, July 2nd. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an overweight rating in a research report on Tuesday, July 16th. Finally, Oppenheimer increased their price target on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an outperform rating in a research report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $496.44.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $471.17 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50-day moving average of $489.92 and a two-hundred day moving average of $450.00. The stock has a market cap of $151.94 billion, a P/E ratio of 18.40, a PEG ratio of 0.74 and a beta of 1.36. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. On average, research analysts expect that The Goldman Sachs Group will post 35.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.55%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the sale, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the sale, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently modified their holdings of the company. Apexium Financial LP boosted its holdings in The Goldman Sachs Group by 7.1% during the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after buying an additional 378 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of The Goldman Sachs Group by 62.7% in the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after acquiring an additional 2,428 shares during the last quarter. Duality Advisers LP acquired a new position in shares of The Goldman Sachs Group in the 1st quarter worth $1,388,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of The Goldman Sachs Group by 34.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock valued at $3,448,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $5,416,000. Institutional investors and hedge funds 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.