The Goldman Sachs Group (NYSE:GS) Given New $425.00 Price Target at Citigroup

The Goldman Sachs Group (NYSE:GS) had its price objective boosted by investment analysts at Citigroup from $410.00 to $425.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the investment management company’s stock. Citigroup’s target price points to a potential upside of 5.22% from the company’s previous close.

Several other brokerages have also recently weighed in on GS. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Barclays upped their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Finally, Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $434.93.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $403.91 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market capitalization of $131.08 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.56 and a beta of 1.43. The company’s 50-day simple moving average is $395.67 and its two-hundred day simple moving average is $365.35. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.79 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group will post 32.76 EPS for the current year.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the completion of the sale, the insider now owns 6,501 shares in the company, valued at approximately $2,469,144.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,907 shares of company stock worth $13,950,851. 0.57% of the stock is owned by company insiders.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently modified their holdings of the stock. First United Bank & Trust purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Versant Capital Management Inc lifted its stake in shares of The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Cambridge Trust Co. lifted its stake in shares of The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Pineridge Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC lifted its stake in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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.