The Goldman Sachs Group (NYSE:GS) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

The Goldman Sachs Group (NYSE:GS) had its price objective lifted by research analysts at Deutsche Bank Aktiengesellschaft from $725.00 to $790.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the investment management company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 1.79% from the stock’s current price.

GS has been the topic of several other research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a report on Thursday, July 17th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Evercore ISI restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $682.60.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $804.41 on Tuesday. The Goldman Sachs Group has a 12-month low of $439.38 and a 12-month high of $825.25. The stock has a market capitalization of $243.51 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 1.41. The firm’s 50-day moving average is $749.28 and its two-hundred day moving average is $649.87. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same period last year, the company earned $8.62 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David M. Solomon sold 6,608 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock worth $28,111,828 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

Several large investors have recently made changes to their positions in the company. Dogwood Wealth Management LLC lifted its stake in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares during the period. Clearstead Trust LLC acquired a new position in The Goldman Sachs Group in the second quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group in the first quarter valued at about $25,000. Graney & King LLC lifted its stake in The Goldman Sachs Group by 51.5% in the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after buying an additional 17 shares during the period. Finally, American Capital Advisory LLC acquired a new position in The Goldman Sachs Group in the first quarter valued at about $29,000. Institutional investors and hedge funds 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.