The Goldman Sachs Group (NYSE:GS) Price Target Raised to $433.00

The Goldman Sachs Group (NYSE:GS) had its price objective boosted by JPMorgan Chase & Co. from $424.00 to $433.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the investment management company’s stock.

A number of other research firms have also recently issued reports on GS. UBS Group upped their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a buy rating in a report on Tuesday, January 9th. HSBC upped their price objective on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a buy rating in a report on Thursday, March 28th. JMP Securities upped their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a market outperform rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an outperform rating in a report on Friday, April 5th. Finally, Evercore ISI upped their price objective on The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an outperform rating in a report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $434.93.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $404.00 on Tuesday. The Goldman Sachs Group has a 52 week low of $289.36 and a 52 week high of $419.20. The business has a 50-day simple moving average of $396.43 and a 200 day simple moving average of $366.20. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The stock has a market cap of $131.11 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.31 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping 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 business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the business earned $8.79 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group will post 35.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was 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 in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,907 shares of company stock worth $13,950,851. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First United Bank & Trust purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Cambridge Trust Co. increased its position in The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC increased its position in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Hedge funds and other 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.