The Goldman Sachs Group, Inc. (NYSE:GS) Receives $434.93 Average Target Price from Analysts

The Goldman Sachs Group, Inc. (NYSE:GS) has earned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $437.04.

Several research firms recently issued reports on GS. Evercore ISI upped their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped 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, April 16th. Oppenheimer upped their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets upped their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock valued at $11,713,578 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds have recently modified their holdings of the stock. Powell Investment Advisors LLC grew its holdings in The Goldman Sachs Group by 0.7% in 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 buying an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its position in shares of 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 worth $944,000 after acquiring an additional 25 shares during the period. Optas LLC lifted its position in shares of 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 worth $448,000 after acquiring an additional 25 shares during the period. Regatta Capital Group LLC lifted its position in shares of The Goldman Sachs Group by 2.2% in the 1st quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company’s stock worth $487,000 after acquiring an additional 25 shares during the period. Finally, WNY Asset Management LLC lifted its position 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 worth $628,000 after acquiring an additional 26 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

GS stock opened at $443.56 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The firm has a market cap of $143.95 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.38 and a beta of 1.40. The Goldman Sachs Group has a 12-month low of $289.36 and a 12-month high of $444.38. The stock’s 50 day simple moving average is $405.66 and its 200 day simple moving average is $376.21.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $8.79 EPS. As a group, equities research analysts predict that The Goldman Sachs Group will post 36.07 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.48%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

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.