The Goldman Sachs Group (NYSE:GS) Given New $640.00 Price Target at UBS Group

The Goldman Sachs Group (NYSE:GS) had its price target boosted by UBS Group from $610.00 to $640.00 in a report issued on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the investment management company’s stock.

Several other equities analysts have also weighed in on GS. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JMP Securities upped their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. 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, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Trading Up 1.4 %

Shares of The Goldman Sachs Group stock opened at $634.74 on Tuesday. The stock has a market cap of $199.25 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.38. The firm has a fifty day moving average price of $587.71 and a 200 day moving average price of $531.85. The Goldman Sachs Group has a 1 year low of $374.24 and a 1 year high of $635.43. 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 Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $5.48 EPS. Equities research analysts predict that The Goldman Sachs Group will post 45.32 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s 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 owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in shares of The Goldman Sachs Group by 4.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock valued at $6,586,000 after purchasing an additional 634 shares during the last quarter. Epoch Investment Partners Inc. grew its position in The Goldman Sachs Group by 6.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,350 shares of the investment management company’s stock valued at $1,063,000 after buying an additional 151 shares during the last quarter. Evergreen Capital Management LLC increased its stake in The Goldman Sachs Group by 3.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,530 shares of the investment management company’s stock valued at $692,000 after buying an additional 56 shares during the period. Mill Creek Capital Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 3.5% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 4,194 shares of the investment management company’s stock worth $1,897,000 after acquiring an additional 143 shares during the period. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $26,000. 71.21% of the stock is 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.