The Goldman Sachs Group (NYSE:GS) Upgraded to Buy at Argus

Argus upgraded shares of The Goldman Sachs Group (NYSE:GS) from a hold rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. They currently have $465.00 price objective on the investment management company’s stock.

A number of other equities research analysts also recently weighed in on GS. Royal Bank of Canada reissued a sector perform rating and set a $390.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an outperform rating in a report on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an overweight rating in a report on Thursday, March 21st. HSBC lifted their price objective on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a buy rating in a report on Thursday, March 28th. Finally, Evercore ISI lifted their price objective on The Goldman Sachs Group from $418.00 to $435.00 and gave the company an outperform rating in a report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. 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 Stock Down 1.1 %

GS stock opened at $396.51 on Tuesday. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $419.20. The company has a market cap 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 business’s 50-day simple moving average is $395.32 and its 200 day simple moving average is $365.08. 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 (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $12.94 billion. During the same period last year, the business earned $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, research analysts anticipate that The Goldman Sachs Group will post 32.76 earnings per share for the current year.

Insider Buying and Selling

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. 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 4,300 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Insiders sold 35,907 shares of company stock worth $13,950,851 in the last quarter. Insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Institutional investors and hedge funds have recently made changes to their positions in the business. First United Bank & Trust bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $26,000. Versant Capital Management Inc increased its position in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Cambridge Trust Co. increased its position in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC increased its position in shares of The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. 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.