JMP Securities Boosts The Goldman Sachs Group (NYSE:GS) Price Target to $460.00

The Goldman Sachs Group (NYSE:GSFree Report) had its price target lifted by JMP Securities from $440.00 to $460.00 in a report published on Tuesday, Benzinga reports. JMP Securities currently has a market outperform rating on the investment management company’s stock.

Other equities research analysts also recently issued research reports about the company. UBS Group raised their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a buy rating in a report on Tuesday, January 9th. Oppenheimer reduced their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an outperform rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an overweight rating in a research report on Thursday, March 21st. Barclays boosted their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an overweight rating in a research report on Tuesday, January 2nd. Finally, Evercore ISI boosted their price objective on The Goldman Sachs Group from $418.00 to $435.00 and gave the company an outperform rating in a research report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of Moderate Buy and a consensus target price of $423.05.

Check Out Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Down 2.0 %

Shares of GS opened at $389.44 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The business has a fifty day moving average of $394.74 and a 200 day moving average of $363.46. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $419.20. The company has a market cap of $126.38 billion, a PE ratio of 17.07, a P/E/G ratio of 1.54 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $3.32 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group will post 33.13 EPS for the current year.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Brian J. Lee sold 3,000 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the 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 completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,907 shares of company stock valued at $15,080,021. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

A number of large investors have recently made changes to their positions in the company. Wealth Management Partners LLC boosted its position in shares of The Goldman Sachs Group by 4.3% in the 1st quarter. Wealth Management Partners LLC now owns 912 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 38 shares during the period. Strategic Planning Group LLC boosted its position in shares of The Goldman Sachs Group by 11.5% in the 1st quarter. Strategic Planning Group LLC now owns 6,621 shares of the investment management company’s stock valued at $2,766,000 after purchasing an additional 685 shares during the period. Navalign LLC lifted its position in The Goldman Sachs Group by 2.3% during the 1st quarter. Navalign LLC now owns 2,786 shares of the investment management company’s stock worth $1,164,000 after acquiring an additional 62 shares during the period. Harbor Investment Advisory LLC lifted its position in The Goldman Sachs Group by 4.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,389 shares of the investment management company’s stock worth $998,000 after acquiring an additional 96 shares during the period. Finally, Lloyd Advisory Services LLC. lifted its position in The Goldman Sachs Group by 464.2% during the 1st quarter. Lloyd Advisory Services LLC. now owns 3,560 shares of the investment management company’s stock worth $1,488,000 after acquiring an additional 2,929 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

About The Goldman Sachs Group

(Get Free Report)

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.

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Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

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