The Goldman Sachs Group (NYSE:GS) Price Target Raised to $504.00 at Wells Fargo & Company

The Goldman Sachs Group (NYSE:GS) had its price objective upped by research analysts at Wells Fargo & Company from $450.00 to $504.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the investment management company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 13.43% from the stock’s previous close.

GS has been the subject of a number of other research reports. UBS Group increased their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, Citigroup raised their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

The Goldman Sachs Group Stock Performance

GS traded up $0.64 during mid-day trading on Tuesday, reaching $444.31. 916,414 shares of the company traded hands, compared to its average volume of 2,353,457. The stock has a market capitalization of $144.19 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company’s fifty day moving average price is $405.66 and its 200-day moving average price is $376.21. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $447.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.79 EPS. On average, sell-side analysts expect that The Goldman Sachs Group will post 36.07 EPS for the current year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction 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 completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’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 directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,330 shares of company stock valued at $11,713,578. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of The Goldman Sachs Group

Several large investors have recently made changes to their positions in GS. Capital World Investors increased its position in The Goldman Sachs Group by 6.0% during the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after purchasing an additional 338,181 shares during the period. Morgan Stanley increased its stake in The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after purchasing an additional 412,383 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after buying an additional 27,524 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in The Goldman Sachs Group by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after acquiring an additional 274,989 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

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.