The Goldman Sachs Group (NYSE:GS) PT Raised to $360.00 at BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its target price increased by investment analysts at BMO Capital Markets from $349.00 to $360.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the investment management company’s stock. BMO Capital Markets’ price target points to a potential downside of 10.87% from the company’s current price.

Several other research firms have also issued reports on GS. Citigroup increased their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday. JMP Securities raised their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Evercore ISI raised their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada raised 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. Finally, HSBC raised their target price on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $403.91 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The stock has a fifty day moving average price of $395.67 and a two-hundred day moving average price of $365.35. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $419.20. The firm has a market capitalization of $131.08 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.56 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the company posted $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares in the company, valued at $2,469,144.81. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group 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 transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares in the company, valued at approximately $2,469,144.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,907 shares of company stock worth $13,950,851. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

Several institutional investors have recently modified their holdings of the business. Powell Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% during the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after purchasing an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after purchasing an additional 25 shares in the last quarter. WNY Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 26 shares in the last quarter. Albert D Mason Inc. raised its position in The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after buying an additional 27 shares during the last quarter. Finally, Mayflower Financial Advisors LLC raised its position in The Goldman Sachs Group by 1.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after buying an additional 28 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, 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.