The Goldman Sachs Group (NYSE:GS) Price Target Raised to $433.00 at JPMorgan Chase & Co.

The Goldman Sachs Group (NYSE:GS) had its price target lifted by JPMorgan Chase & Co. from $424.00 to $433.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the investment management company’s stock.

A number of other research firms have also commented on GS. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an outperform rating in a research report on Thursday, April 4th. Barclays raised their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a neutral rating to an outperform rating and raised their target price for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Oppenheimer raised their target price on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an outperform rating in a report on Tuesday. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $390.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $434.93.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $396.51 on Tuesday. The Goldman Sachs Group has a 52 week low of $289.36 and a 52 week high of $419.20. The firm has a market cap of $128.68 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.51 and a beta of 1.43. The firm’s 50-day simple moving average is $395.32 and its 200 day simple moving average is $365.08. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

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

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Kathryn H. Ruemmler sold 7,277 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares in the company, valued at approximately $2,469,144.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’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 transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock worth $13,950,851 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GS. Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $989,000. TBH Global Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 2.0% in the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after acquiring an additional 72 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in shares of 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. Syon Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $1,395,000. Finally, Crestwood Advisors Group LLC increased its stake in shares of The Goldman Sachs Group by 5.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 11,541 shares of the investment management company’s stock valued at $4,452,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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.