Evercore ISI Boosts The Goldman Sachs Group (NYSE:GS) Price Target to $440.00

The Goldman Sachs Group (NYSE:GS) had its target price upped by Evercore ISI from $435.00 to $440.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the investment management company’s stock.

A number of other research firms have also issued reports on GS. Bank of America boosted their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a buy rating in a research note on Tuesday. HSBC boosted their price target on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a buy rating in a research report on Thursday, March 28th. Royal Bank of Canada boosted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a sector perform rating in a research report on Tuesday. UBS Group boosted 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 report on Tuesday, January 9th. Finally, Barclays boosted their price target 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. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of Moderate Buy and an average price target of $434.93.

The Goldman Sachs Group Trading Down 0.2 %

The Goldman Sachs Group stock opened at $403.11 on Tuesday. 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 firm has a 50-day moving average price of $396.03 and a two-hundred day moving average price of $365.61. The firm has a market capitalization of $130.82 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.54 and a beta of 1.43. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $8.79 EPS. Sell-side analysts expect that The Goldman Sachs Group will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

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 that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly 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 SEC, which is accessible through this hyperlink. In related news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing 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 that occurred on Friday, February 23rd. The shares were 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 directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock valued at $13,950,851 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Several large investors have recently added to or reduced their stakes in GS. First United Bank & Trust bought a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its position in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Cambridge Trust Co. grew its position in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Pineridge Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Finally, Truvestments Capital LLC grew its position in The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. 71.21% of the stock is 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.