The Goldman Sachs Group (NYSE:GS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

The Goldman Sachs Group (NYSE:GS) had its price target boosted by analysts at Keefe, Bruyette & Woods from $686.00 to $690.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 12.55% from the stock’s previous close.

Other analysts have also issued reports about the company. UBS Group reiterated a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a report on Monday, January 6th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $573.00.

The Goldman Sachs Group Stock Up 1.2 %

GS traded up $7.15 during mid-day trading on Thursday, reaching $613.07. 1,306,668 shares of the stock were exchanged, compared to its average volume of 2,258,708. The company has a 50 day moving average price of $585.67 and a two-hundred day moving average price of $527.58. The stock has a market capitalization of $192.45 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group has a 1 year low of $372.07 and a 1 year high of $616.84.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, research analysts anticipate that The Goldman Sachs Group will post 37.24 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s 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 transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,940 shares of company stock worth $12,656,179 in the last quarter. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. RoundAngle Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $1,447,000. Evanson Asset Management LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $204,000. Artemis Investment Management LLP boosted its holdings in shares of The Goldman Sachs Group by 55.9% in the 4th quarter. Artemis Investment Management LLP now owns 204,265 shares of the investment management company’s stock worth $116,966,000 after purchasing an additional 73,237 shares in the last quarter. Liberty One Investment Management LLC increased its position in shares of The Goldman Sachs Group by 2.4% during the 4th quarter. Liberty One Investment Management LLC now owns 9,791 shares of the investment management company’s stock valued at $5,607,000 after purchasing an additional 226 shares during the last quarter. Finally, Cadinha & Co. LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $18,459,000. Hedge funds and other 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.