The Goldman Sachs Group (NYSE:GS) PT Raised to $425.00 at Bank of America

The Goldman Sachs Group (NYSE:GS – Get Rating) had its price target increased by Bank of America from $384.00 to $425.00 in a research note issued on Thursday, The Fly reports. Bank of America‘s price objective points to a potential upside of 29.70% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on GS. Barclays boosted their price objective on The Goldman Sachs Group from $410.00 to $495.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $356.00 to $332.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. UBS Group increased their price target on The Goldman Sachs Group from $325.00 to $350.00 and gave the company a “neutral” rating in a report on Monday, January 9th. Odeon Capital Group upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $370.14 price target for the company in a research note on Tuesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on The Goldman Sachs Group from $370.00 to $345.00 in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $399.24.

The Goldman Sachs Group Price Performance

GS stock opened at $327.67 on Thursday. The stock has a market cap of $109.91 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42. The stock has a 50-day moving average price of $358.52 and a two-hundred day moving average price of $347.26. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group has a 1 year low of $277.84 and a 1 year high of $389.58.

The Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly earnings data on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $5.25 by ($1.93). The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The business had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.91 billion. During the same period last year, the business earned $10.81 earnings per share. The business’s quarterly revenue was down 16.2% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group will post 32.95 EPS for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $10.58, for a total transaction of $39,664.42. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently added to or reduced their stakes in GS. Rosenberg Matthew Hamilton boosted its holdings in shares of The Goldman Sachs Group by 8.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,003 shares of the investment management company’s stock worth $294,000 after acquiring an additional 74 shares during the period. Asset Management One Co. Ltd. increased its holdings in The Goldman Sachs Group by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 212,517 shares of the investment management company’s stock worth $62,278,000 after purchasing an additional 6,368 shares in the last quarter. TIAA FSB bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $1,874,000. Investment Partners LTD. increased its holdings in shares of The Goldman Sachs Group by 66.6% during the third quarter. Investment Partners LTD. now owns 2,186 shares of the investment management company’s stock valued at $641,000 after acquiring an additional 874 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of The Goldman Sachs Group by 6.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,943 shares of the investment management company’s stock valued at $1,468,000 after purchasing an additional 294 shares during the last quarter. Institutional investors and hedge funds own 69.09% of the company’s stock.

About The Goldman Sachs Group

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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.