The Goldman Sachs Group (NYSE:GS) Given New $479.00 Price Target at Oppenheimer

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

Other equities research analysts have also issued reports about the stock. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $418.00 to $435.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods increased their price objective on 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. Barclays increased their price target on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an overweight rating in a research report on Tuesday, January 2nd. Edward Jones began coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They set a buy rating on the stock. Finally, UBS Group increased their target price on shares of 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 research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of Moderate Buy and an average price target of $434.93.

The Goldman Sachs Group Stock Down 1.1 %

Shares of 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 stock’s fifty day moving average is $395.32 and its 200 day moving average is $365.08. 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 stock has a market capitalization of $128.68 billion, a P/E ratio of 17.38, a PEG ratio of 1.51 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted 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 firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.79 EPS. Sell-side analysts forecast that The Goldman Sachs Group will post 32.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group 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 sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Sheara J. Fredman sold 4,300 shares of the business’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 in the company, valued at approximately $4,357,659.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, 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. In the last 90 days, insiders sold 35,907 shares of company stock worth $13,950,851. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently bought and sold shares of the company. First United Bank & Trust bought a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc lifted its holdings in shares of The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Cambridge Trust Co. boosted its position in shares of The Goldman Sachs Group by 82.0% during the third 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 during the last quarter. Pineridge Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth about $29,000. Finally, Truvestments Capital LLC raised its position in 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 worth $31,000 after buying an additional 44 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Company Profile

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.