The Goldman Sachs Group (NYSE:GS) PT Raised to $433.00 at JPMorgan Chase & Co.

The Goldman Sachs Group (NYSE:GS) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $424.00 to $433.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.20% from the stock’s current price.

A number of other research analysts have also commented on GS. JMP Securities upped their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Oppenheimer upped their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research note on Tuesday. Evercore ISI upped their target price on The Goldman Sachs Group from $418.00 to $435.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Barclays upped their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Argus upgraded 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. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Stock Up 1.8 %

GS opened at $403.91 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 current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $131.08 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.56 and a beta of 1.43. The business has a 50 day moving average of $395.67 and a 200-day moving average of $365.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the business earned $8.79 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group will post 32.76 earnings per share for the current year.

Insider Activity

In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was 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 in the company, valued at $4,357,659.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, 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 is available through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’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 transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,907 shares of company stock worth $13,950,851. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in The Goldman Sachs Group by 106.3% during 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 during the last quarter. First United Bank & Trust bought a new position in The Goldman Sachs Group during the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $29,000. BKM Wealth Management LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $32,000. Finally, Cambridge Trust Co. boosted its holdings in The Goldman Sachs Group by 82.0% during 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 during the last quarter. Institutional investors 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.