The Goldman Sachs Group (NYSE:GS) Price Target Increased to $470.00 by Analysts at HSBC

The Goldman Sachs Group (NYSE:GS) had its price target hoisted by HSBC from $460.00 to $470.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the investment management company’s stock.

A number of other equities analysts have also recently commented on GS. Oppenheimer lifted their target price on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an outperform rating in a research report on Tuesday. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a buy rating on the stock. Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an outperform rating in a research note on Tuesday. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a buy rating in a research note on Tuesday, January 9th. Finally, BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a market perform rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $434.93.

The Goldman Sachs Group Stock 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 company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $128.68 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.51 and a beta of 1.43. The company has a fifty day moving average of $395.32 and a 200-day moving average of $365.08.

The Goldman Sachs Group (NYSE:GS) last issued its 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 company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the company earned $8.79 EPS. As a group, equities research analysts predict that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’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 transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following 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 SEC, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group 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 transaction, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Insiders sold 35,907 shares of company stock valued at $13,950,851 over the last three months. Insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Several hedge funds have recently bought and sold shares of GS. Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $989,000. TBH Global Asset Management LLC grew its stake 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 acquiring an additional 72 shares in the last quarter. Congress Wealth Management LLC DE grew its stake 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 acquiring an additional 650,918 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $1,395,000. Finally, Crestwood Advisors Group LLC lifted its position 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 worth $4,452,000 after purchasing an additional 617 shares during the period. 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.