BMO Capital Markets Boosts The Goldman Sachs Group (NYSE:GS) Price Target to $1,070.00

The Goldman Sachs Group (NYSE:GS) had its price target boosted by equities researchers at BMO Capital Markets from $972.00 to $1,070.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price objective points to a potential upside of 3.42% from the stock’s previous close.

GS has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Bank of America lowered their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Citigroup boosted their price objective on The Goldman Sachs Group from $930.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Weiss Ratings lowered The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $974.18.

The Goldman Sachs Group Stock Up 1.5%

GS stock opened at $1,034.58 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The firm has a market cap of $305.21 billion, a PE ratio of 18.89, a PEG ratio of 1.33 and a beta of 1.30. The Goldman Sachs Group has a 1 year low of $691.30 and a 1 year high of $1,125.00. The company has a fifty day simple moving average of $996.38 and a 200 day simple moving average of $928.65.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $14.12 EPS. Sell-side analysts anticipate that The Goldman Sachs Group will post 59.6 EPS for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider owned 2,578 shares of the company’s stock, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock worth $31,737,875 over the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently modified their holdings of GS. Sapient Capital LLC increased its holdings in shares of The Goldman Sachs Group by 294.2% during the first quarter. Sapient Capital LLC now owns 1,096 shares of the investment management company’s stock worth $927,000 after buying an additional 818 shares in the last quarter. PVG Asset Management Corp lifted its stake in shares of The Goldman Sachs Group by 43.2% in the 1st quarter. PVG Asset Management Corp now owns 401 shares of the investment management company’s stock valued at $339,000 after acquiring an additional 121 shares during the last quarter. LFG Wealth Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 2.8% during the 1st quarter. LFG Wealth Partners LLC now owns 1,883 shares of the investment management company’s stock valued at $1,593,000 after acquiring an additional 51 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of The Goldman Sachs Group by 2.9% during the 1st quarter. FAS Wealth Partners Inc. now owns 611 shares of the investment management company’s stock valued at $517,000 after acquiring an additional 17 shares in the last quarter. Finally, Rathbones Group PLC grew its position in The Goldman Sachs Group by 3.9% during the 1st quarter. Rathbones Group PLC now owns 304,830 shares of the investment management company’s stock worth $257,883,000 after acquiring an additional 11,557 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.