The Goldman Sachs Group (NYSE:GS) Price Target Raised to $686.00

The Goldman Sachs Group (NYSE:GS) had its price target boosted by Keefe, Bruyette & Woods from $570.00 to $686.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 14.01% from the stock’s previous close.

GS has been the topic of several other reports. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JMP Securities boosted their target price on 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. Citigroup lifted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Bank of America increased their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $557.88.

The Goldman Sachs Group Trading Down 0.6 %

Shares of NYSE GS opened at $601.71 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group has a 1-year low of $340.54 and a 1-year high of $612.73. The company has a 50-day moving average of $540.94 and a two-hundred day moving average of $499.68. The company has a market cap of $188.88 billion, a PE ratio of 17.66, a P/E/G ratio of 0.88 and a beta of 1.38.

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, beating analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.47 EPS. As a group, equities analysts expect that The Goldman Sachs Group will post 37.15 earnings per share for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was 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 in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock worth $6,656,119 in the last ninety days. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. increased its position in shares of The Goldman Sachs Group by 48.6% during the 2nd quarter. Mather Group LLC. now owns 1,357 shares of the investment management company’s stock valued at $567,000 after purchasing an additional 444 shares during the last quarter. Park Avenue Securities LLC raised its position in The Goldman Sachs Group by 20.7% in the second quarter. Park Avenue Securities LLC now owns 6,468 shares of the investment management company’s stock worth $2,926,000 after acquiring an additional 1,110 shares during the period. Simplicity Wealth LLC raised its position in The Goldman Sachs Group by 4.4% in the second quarter. Simplicity Wealth LLC now owns 12,841 shares of the investment management company’s stock worth $5,808,000 after acquiring an additional 538 shares during the period. Csenge Advisory Group boosted its stake in The Goldman Sachs Group by 11.6% in the second quarter. Csenge Advisory Group now owns 1,750 shares of the investment management company’s stock valued at $792,000 after acquiring an additional 182 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its position in shares of The Goldman Sachs Group by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 7,013 shares of the investment management company’s stock valued at $3,172,000 after acquiring an additional 100 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

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.