The Goldman Sachs Group (NYSE:GS) Price Target Raised to $760.00

The Goldman Sachs Group (NYSE:GS) had its price target lifted by analysts at Barclays from $713.00 to $760.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the investment management company’s stock. Barclays‘s target price indicates a potential upside of 24.14% from the company’s current price.

Several other research analysts have also recently commented on the stock. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group reissued a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $589.19.

The Goldman Sachs Group Stock Up 1.0 %

Shares of The Goldman Sachs Group stock traded up $6.27 during trading on Thursday, reaching $612.19. The stock had a trading volume of 1,771,899 shares, compared to its average volume of 2,314,463. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $192.17 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.66 and a beta of 1.38. The stock has a fifty day moving average price of $585.67 and a two-hundred day moving average price of $527.58. The Goldman Sachs Group has a 52 week low of $372.07 and a 52 week high of $616.84.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 EPS. Sell-side analysts predict that The Goldman Sachs Group will post 37.24 EPS for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock valued at $12,656,179 in the last three months. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of The Goldman Sachs Group

Several large investors have recently modified their holdings of the stock. Procyon Advisors LLC increased its stake in The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after acquiring an additional 43 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of The Goldman Sachs Group by 19.9% in the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after purchasing an additional 761 shares in the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $5,529,000. Franklin Street Advisors Inc. NC raised its holdings in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after buying an additional 49,710 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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.