The Goldman Sachs Group (NYSE:GS) Price Target Raised to $433.00 at JPMorgan Chase & Co.

The Goldman Sachs Group (NYSE:GS) had its price target increased by analysts at JPMorgan Chase & Co. from $424.00 to $433.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 8.09% from the company’s current price.

A number of other analysts also recently weighed in on GS. Edward Jones started coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research report on Tuesday. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $418.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, UBS Group lifted their price target on shares of 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. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $431.60.

The Goldman Sachs Group Trading Down 0.1 %

NYSE GS traded down $0.28 during trading on Tuesday, hitting $400.60. The company had a trading volume of 736,857 shares, compared to its average volume of 2,297,271. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20. The company has a market cap of $130.01 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The company’s fifty day moving average is $395.09 and its 200-day moving average is $364.56.

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

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now directly owns 10,121 shares in the company, valued at approximately $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s 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 directly owns 6,501 shares in the company, valued at approximately $2,469,144.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,907 shares of company stock worth $15,080,021. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

Hedge funds have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth approximately $337,000. Capital Asset Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 21.1% in the 1st quarter. Capital Asset Advisory Services LLC now owns 5,698 shares of the investment management company’s stock worth $2,325,000 after purchasing an additional 994 shares during the period. Artemis Investment Management LLP lifted its position in The Goldman Sachs Group by 75.7% during the first quarter. Artemis Investment Management LLP now owns 126,098 shares of the investment management company’s stock valued at $52,642,000 after acquiring an additional 54,338 shares during the last quarter. Powell Investment Advisors LLC lifted its position in The Goldman Sachs Group by 0.7% during the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after acquiring an additional 25 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group during the first quarter valued at approximately $1,357,000. 71.21% of the stock is currently owned by institutional investors.

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.