The Goldman Sachs Group (NYSE:GS) Price Target Increased to $478.00 by Analysts at Bank of America

The Goldman Sachs Group (NYSE:GS) had its price target boosted by Bank of America from $450.00 to $478.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the investment management company’s stock.

GS has been the topic of several other research reports. HSBC raised their target price on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a buy rating in a report on Thursday, March 28th. Evercore ISI raised their target price on shares of The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an outperform rating in a report on Thursday, April 4th. Oppenheimer dropped their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an outperform rating for the company in a research note on Tuesday, March 19th. Morgan Stanley raised The Goldman Sachs Group from an equal weight rating to an overweight rating and raised their price target for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, JMP Securities raised their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a market outperform rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $434.93.

The Goldman Sachs Group Stock Down 1.1 %

GS stock opened at $396.51 on Tuesday. 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 company’s 50 day moving average is $395.32 and its 200 day moving average is $365.08. The stock has a market cap of $128.68 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $419.20.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating 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 analysts’ expectations of $12.94 billion. During the same period last year, the business earned $8.79 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $2,469,144.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,907 shares of company stock valued at $13,950,851. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Several institutional investors and hedge funds have recently modified their holdings of GS. Trueblood Wealth Management LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth about $989,000. TBH Global Asset Management LLC increased its holdings in 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 worth $1,190,000 after buying an additional 72 shares in the last quarter. Congress Wealth Management LLC DE increased 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 worth $211,396,000 after buying an additional 650,918 shares in the last quarter. Syon Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter worth about $1,395,000. Finally, Crestwood Advisors Group LLC increased its holdings in 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 worth $4,452,000 after buying an additional 617 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

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.