The Goldman Sachs Group (NYSE:GS) Price Target Raised to $360.00 at BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its price objective increased by BMO Capital Markets from $349.00 to $360.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a market perform rating on the investment management company’s stock.

A number of other equities research analysts also recently issued reports on GS. Citigroup upped their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a neutral rating in a research note on Tuesday. Argus raised shares of The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 price target for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an overweight rating in a research note on Tuesday. Edward Jones started coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a buy rating for the company. Finally, Bank of America boosted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a buy rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of Moderate Buy and an average target price of $434.93.

The Goldman Sachs Group Trading Up 0.2 %

Shares of The Goldman Sachs Group stock opened at $404.00 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm has a market cap of $131.11 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.29 and a beta of 1.43. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $419.20. The business has a 50-day moving average price of $396.43 and a 200-day moving average price of $366.20.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $8.79 EPS. Equities research analysts anticipate that The Goldman Sachs Group will post 35.41 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 7,277 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the completion of the sale, the insider now owns 6,501 shares of the company’s stock, valued at $2,469,144.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the completion of the sale, the insider now directly owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The disclosure for this sale can be found here. Insiders have sold 35,907 shares of company stock worth $13,950,851 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

Large investors have recently bought and sold shares of the business. Powell Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 0.7% during the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after acquiring an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after purchasing an additional 25 shares during the last quarter. Optas LLC boosted its holdings in The Goldman Sachs Group by 2.4% in the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. WNY Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 1.6% in the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock valued at $628,000 after buying an additional 26 shares during the period. Finally, Albert D Mason Inc. increased its holdings in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after buying an additional 27 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

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.