The Goldman Sachs Group (NYSE:GS) Given New $1,087.00 Price Target at Jefferies Financial Group

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price target increased by investment analysts at Jefferies Financial Group from $898.00 to $1,087.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the investment management company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 15.01% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Dbs Bank lifted their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Rothschild & Co Redburn upped their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada boosted their target price on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a report on Friday, December 12th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $852.28.

Check Out Our Latest Analysis on GS

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $945.15 on Tuesday. The company has a 50 day moving average price of $840.02 and a 200-day moving average price of $776.72. The company has a market capitalization of $283.48 billion, a PE ratio of 19.34, a P/E/G ratio of 1.07 and a beta of 1.33. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $961.69. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.40 EPS. As a group, equities analysts forecast that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its position in The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in The Goldman Sachs Group during the third quarter valued at about $26,000. First PREMIER Bank bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $29,000. Finally, Clearstead Trust LLC acquired a new position in The Goldman Sachs Group during the 2nd quarter valued at approximately $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

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