Evercore ISI Raises The Goldman Sachs Group (NYSE:GS) Price Target to $440.00

The Goldman Sachs Group (NYSE:GS) had its price objective increased by Evercore ISI from $435.00 to $440.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the investment management company’s stock.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an outperform rating in a research note on Friday, April 5th. HSBC increased their target price on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a buy rating in a research note on Thursday, March 28th. Daiwa Capital Markets raised The Goldman Sachs Group from a neutral rating to an outperform rating and increased their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Argus raised The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 target price on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an overweight rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $434.93.

The Goldman Sachs Group Trading Down 1.1 %

Shares of GS opened at $396.51 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group has a 12-month low of $289.36 and a 12-month high of $419.20. The firm has a market capitalization of $128.68 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The stock’s fifty day simple moving average is $395.32 and its 200-day simple moving average is $365.08.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the prior year, the firm posted $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group will post 32.76 earnings per share for the current year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the firm’s 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 transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock worth $13,950,851 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently added to or reduced their stakes in GS. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $1,903,374,000. Norges Bank acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $1,120,119,000. Morgan Stanley raised its holdings in The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after acquiring an additional 1,696,350 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in The Goldman Sachs Group by 168,772.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock valued at $427,367,000 after acquiring an additional 1,243,852 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after acquiring an additional 650,918 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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.