The Goldman Sachs Group (NYSE:GS) PT Raised to $479.00 at Oppenheimer

The Goldman Sachs Group (NYSE:GS) had its price objective lifted by Oppenheimer from $446.00 to $479.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the investment management company’s stock.

Other equities research analysts also recently issued research reports about the stock. HSBC raised their price objective on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the company a buy rating in a research report on Thursday, March 28th. Argus raised shares of The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 price target on the stock in a report on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an outperform rating in a research note on Friday, April 5th. Daiwa Capital Markets raised The Goldman Sachs Group from a neutral rating to an outperform rating and upped their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Finally, UBS Group increased their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a buy rating in a report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $434.93.

The Goldman Sachs Group Stock Down 1.1 %

GS stock opened at $396.51 on Tuesday. The stock has a market cap of $128.68 billion, a P/E ratio of 17.38, a PEG ratio of 1.51 and a beta of 1.43. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $419.20. The company’s 50 day moving average is $395.32 and its two-hundred day moving average is $365.08.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $8.79 EPS. Research analysts expect that The Goldman Sachs Group will post 32.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now directly owns 11,463 shares in the company, valued at approximately $4,357,659.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction 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 directly 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 35,907 shares of company stock valued at $13,950,851 over the last three months. Company insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth $66,000. Candriam Luxembourg S.C.A. lifted its stake in shares of The Goldman Sachs Group by 1,505.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after buying an additional 38,727 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of The Goldman Sachs Group by 18.5% during the 1st quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after buying an additional 18,540 shares during the period. Zions Bancorporation N.A. grew its stake in The Goldman Sachs Group by 79.4% in the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock valued at $273,000 after buying an additional 366 shares during the last quarter. Finally, Covestor Ltd raised its holdings in The Goldman Sachs Group by 118.3% in the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after acquiring an additional 168 shares during the period. 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.