The Goldman Sachs Group, Inc. (NYSE:GS) Receives $558.38 Average PT from Analysts

The Goldman Sachs Group, Inc. (NYSE:GS) has received an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $569.31.

Several brokerages have recently commented on GS. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Evercore ISI increased their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $560.40 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group has a 12 month low of $372.07 and a 12 month high of $612.73. The firm has a market capitalization of $175.92 billion, a PE ratio of 16.44, a P/E/G ratio of 0.85 and a beta of 1.38. The business has a 50-day moving average of $583.74 and a two-hundred day moving average of $525.42.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the business posted $5.47 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group will post 37.06 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Graypoint LLC raised its position in shares of The Goldman Sachs Group by 0.9% during the 4th quarter. Graypoint LLC now owns 5,033 shares of the investment management company’s stock worth $2,882,000 after purchasing an additional 44 shares during the period. RMR Wealth Builders boosted its stake in shares of The Goldman Sachs Group by 7.9% during the 4th quarter. RMR Wealth Builders now owns 3,899 shares of the investment management company’s stock worth $2,232,000 after acquiring an additional 286 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of The Goldman Sachs Group by 18.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 234 shares of the investment management company’s stock worth $134,000 after acquiring an additional 37 shares in the last quarter. HBW Advisory Services LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $298,000. Finally, Franklin Street Advisors Inc. NC lifted its holdings in shares of The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after purchasing an additional 2,863 shares in the last quarter. Hedge funds and other institutional investors 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.