The Goldman Sachs Group (NYSE:GS) PT Raised to $360.00 at BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its price objective increased by investment analysts at BMO Capital Markets from $349.00 to $360.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price objective suggests a potential downside of 10.87% from the stock’s current price.

Several other analysts have also weighed in on GS. Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research note on Tuesday. Argus upgraded 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 note on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Royal Bank of Canada boosted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Citigroup boosted their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday. Six 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 has a consensus rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Stock Up 1.8 %

Shares of NYSE:GS opened at $403.91 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company has a fifty day simple moving average of $395.67 and a 200 day simple moving average of $365.35. The firm has a market cap of $131.08 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The Goldman Sachs Group has a 12-month low of $289.36 and a 12-month high of $419.20.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating 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 firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the company’s 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 completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s 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 of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders sold 35,907 shares of company stock valued at $13,950,851 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Powell Investment Advisors LLC lifted its holdings in The Goldman Sachs Group by 0.7% in the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after acquiring an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its holdings in The Goldman Sachs Group by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock worth $944,000 after buying an additional 25 shares during the period. WNY Asset Management LLC raised its holdings in The Goldman Sachs Group by 1.6% during the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after buying an additional 26 shares during the period. Albert D Mason Inc. raised its holdings in The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after buying an additional 27 shares during the period. Finally, Mayflower Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after buying an additional 28 shares during the period. 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.