The Goldman Sachs Group (NYSE:GS) Stock Price Expected to Rise, UBS Group Analyst Says

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price objective upped by stock analysts at UBS Group from $940.00 to $1,120.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the investment management company’s stock. UBS Group’s price objective points to a potential upside of 6.89% from the company’s current price.

A number of other research analysts have also issued reports on GS. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. BMO Capital Markets upped their target price on The Goldman Sachs Group from $972.00 to $1,070.00 and gave the company a “market perform” rating in a research report on Monday, June 29th. HSBC upped their target price on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Finally, Morgan Stanley lifted their price target on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $982.36.

View Our Latest Research Report on GS

The Goldman Sachs Group Trading Down 0.7%

The Goldman Sachs Group stock opened at $1,047.80 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $309.11 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The stock has a 50-day moving average of $1,005.83 and a two-hundred day moving average of $933.17. The Goldman Sachs Group has a one year low of $691.30 and a one year high of $1,125.00.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $14.12 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group will post 60.18 EPS for the current fiscal year.

Insider Activity

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the transaction, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of large investors have recently bought and sold shares of GS. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the period. Sivia Capital Partners LLC increased its holdings in The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after acquiring an additional 735 shares in the last quarter. Schnieders Capital Management LLC. raised its position in The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after acquiring an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC raised its position in shares of The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after purchasing an additional 391 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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

About The Goldman Sachs Group

(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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