BMO Capital Markets Raises The Goldman Sachs Group (NYSE:GS) Price Target to $360.00

The Goldman Sachs Group (NYSE:GS) had its price objective lifted by equities researchers at BMO Capital Markets from $349.00 to $360.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price target suggests a potential downside of 9.68% from the stock’s current price.

A number of other analysts have also commented on the company. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Royal Bank of Canada boosted their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays boosted their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $434.38.

The Goldman Sachs Group Trading Down 0.6 %

NYSE:GS traded down $2.28 during trading hours on Tuesday, hitting $398.60. The stock had a trading volume of 916,820 shares, compared to its average volume of 2,300,870. The business’s 50 day moving average is $395.09 and its 200-day moving average is $364.56. The company has a market cap of $129.36 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.51 and a beta of 1.43. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, April 16th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the firm posted $8.79 earnings per share. The Goldman Sachs Group’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts anticipate that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on 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 completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the 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 completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,907 shares of company stock valued at $15,080,021. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently modified their holdings of GS. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth $1,903,374,000. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $1,120,119,000. Morgan Stanley increased its holdings in The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 168,772.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock worth $427,367,000 after purchasing an additional 1,243,852 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its stake in The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after buying an additional 650,918 shares during the period. Institutional investors own 71.21% of the company’s stock.

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.