Analysts Set The Goldman Sachs Group, Inc. (NYSE:GS) Price Target at $524.69

The Goldman Sachs Group, Inc. (NYSE:GS) has earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $524.69.

Several research firms recently commented on GS. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Several institutional investors have recently made changes to their positions in the company. Hunter Associates Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $218,000. Strategic Wealth Investment Group LLC boosted its position in The Goldman Sachs Group by 18.5% during the third quarter. Strategic Wealth Investment Group LLC now owns 20,659 shares of the investment management company’s stock worth $10,126,000 after purchasing an additional 3,221 shares in the last quarter. Concord Wealth Partners grew its holdings in The Goldman Sachs Group by 12.6% in the third quarter. Concord Wealth Partners now owns 4,168 shares of the investment management company’s stock valued at $2,064,000 after purchasing an additional 465 shares during the period. Asahi Life Asset Management CO. LTD. increased its position in shares of The Goldman Sachs Group by 6.7% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 10,668 shares of the investment management company’s stock valued at $5,282,000 after buying an additional 673 shares in the last quarter. Finally, Welch Group LLC raised its stake in shares of The Goldman Sachs Group by 4.0% during the 3rd quarter. Welch Group LLC now owns 15,722 shares of the investment management company’s stock worth $7,784,000 after buying an additional 606 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 1.4 %

GS opened at $524.50 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The firm has a market cap of $169.13 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group has a 12 month low of $289.36 and a 12 month high of $540.51. The stock has a fifty day moving average price of $499.70 and a 200-day moving average price of $471.74.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.47 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.29%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.