The Goldman Sachs Group, Inc. (NYSE:GS) Receives $717.00 Average Price Target from Analysts

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) have been given a consensus recommendation of “Hold” by the twenty research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $746.6875.

Several research firms recently weighed in on GS. Royal Bank Of Canada lifted their price objective on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 1st. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $790.00 to $850.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares of the company’s stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GS. Winthrop Advisory Group LLC lifted its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 14 shares in the last quarter. KPP Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after acquiring an additional 14 shares in the last quarter. Avion Wealth lifted its position in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 14 shares in the last quarter. FAS Wealth Partners Inc. lifted its position in shares of The Goldman Sachs Group by 2.2% in the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock valued at $462,000 after acquiring an additional 14 shares in the last quarter. Finally, Ignite Planners LLC lifted its position in shares of The Goldman Sachs Group by 4.2% in the third quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 14 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 3.2%

The Goldman Sachs Group stock opened at $788.52 on Tuesday. The company’s 50 day simple moving average is $762.04 and its 200 day simple moving average is $665.38. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The firm has a market capitalization of $238.70 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the firm earned $8.62 EPS. The Goldman Sachs Group’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group will post 47.12 EPS for the current year.

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.