The Goldman Sachs Group (NYSE:GS) Price Target Raised to $640.00

The Goldman Sachs Group (NYSE:GS) had its price objective upped by investment analysts at UBS Group from $610.00 to $640.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the investment management company’s stock. UBS Group’s price target suggests a potential upside of 1.08% from the company’s current price.

Several other analysts have also recently commented on GS. Citigroup raised their price target 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. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $633.14 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $198.75 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The firm’s fifty day moving average price is $588.56 and its 200 day moving average price is $533.05. The Goldman Sachs Group has a 1-year low of $374.24 and a 1-year high of $635.60.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results 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 business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group will post 46.38 EPS for the current year.

Insider Activity at The Goldman Sachs Group

In related news, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,940 shares of company stock worth $12,656,179. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Genesee Capital Advisors LLC increased its holdings in The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after purchasing an additional 17 shares in the last quarter. BSW Wealth Partners grew its stake in shares of The Goldman Sachs Group by 7.7% in the fourth quarter. BSW Wealth Partners now owns 1,471 shares of the investment management company’s stock valued at $842,000 after buying an additional 105 shares in the last quarter. Falcon Wealth Planning raised its holdings in shares of The Goldman Sachs Group by 5.7% during the 4th quarter. Falcon Wealth Planning now owns 480 shares of the investment management company’s stock valued at $275,000 after buying an additional 26 shares during the period. Perigon Wealth Management LLC lifted its position in The Goldman Sachs Group by 36.2% during the 4th quarter. Perigon Wealth Management LLC now owns 12,103 shares of the investment management company’s stock worth $7,419,000 after acquiring an additional 3,216 shares in the last quarter. Finally, KFA Private Wealth Group LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $204,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

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.