The Goldman Sachs Group (NYSE:GS) PT Raised to $559.00

The Goldman Sachs Group (NYSE:GS) had its price target raised by research analysts at Oppenheimer from $504.00 to $559.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the investment management company’s stock. Oppenheimer’s price objective would indicate a potential upside of 11.38% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, JMP Securities raised their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $480.44.

The Goldman Sachs Group Stock Down 0.2 %

NYSE:GS opened at $501.89 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 0.74. The firm’s 50-day moving average price is $461.89 and its 200-day moving average price is $419.60. The company has a market capitalization of $161.84 billion, a PE ratio of 19.60, a P/E/G ratio of 1.00 and a beta of 1.37. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $509.48.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.26%. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter last year, the firm earned $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group will post 36.46 EPS for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors lifted its holdings in shares of The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after buying an additional 338,181 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after purchasing an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after purchasing an additional 27,524 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after purchasing an additional 274,989 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of The Goldman Sachs Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock worth $2,044,980,000 after buying an additional 141,538 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

About The Goldman Sachs Group

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.