Oppenheimer Raises The Goldman Sachs Group (NYSE:GS) Price Target to $479.00

The Goldman Sachs Group (NYSE:GS) had its price target lifted by Oppenheimer from $446.00 to $479.00 in a report released on Tuesday, Benzinga reports. Oppenheimer currently has an outperform rating on the investment management company’s stock.

GS has been the subject of several other research reports. Bank of America raised their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a buy rating in a research note on Tuesday. Edward Jones began coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a buy rating for the company. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a neutral rating to an outperform rating and raised their target price for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an overweight rating in a research note on Thursday, March 21st. Finally, UBS Group raised their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a buy rating in a research note on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $434.93.

The Goldman Sachs Group Trading Down 0.2 %

Shares of The Goldman Sachs Group stock opened at $403.11 on Tuesday. The Goldman Sachs Group has a 1 year low of $289.36 and a 1 year high of $419.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The company has a market capitalization of $130.82 billion, a P/E ratio of 15.74, a PEG ratio of 1.54 and a beta of 1.43. The company’s fifty day moving average is $396.03 and its two-hundred day moving average is $365.61.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter last year, the business earned $8.79 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.73%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock worth $13,950,851 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of GS. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter valued at approximately $1,903,374,000. Norges Bank purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $1,120,119,000. Morgan Stanley grew its holdings in The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after purchasing an additional 1,696,350 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in The Goldman Sachs Group by 168,772.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock valued at $427,367,000 after purchasing an additional 1,243,852 shares during the period. Finally, Congress Wealth Management LLC DE grew its holdings in The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after purchasing an additional 650,918 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

About The Goldman Sachs Group

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.