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

The Goldman Sachs Group (NYSE:GS) had its target price boosted by BMO Capital Markets from $349.00 to $360.00 in a research report released on Tuesday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the investment management company’s stock.

A number of other analysts also recently weighed in on the company. Citigroup upped their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a neutral rating in a report on Tuesday. JMP Securities upped their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a market outperform rating in a research note on Tuesday, April 9th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an equal weight rating to an overweight rating and raised their price objective for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a neutral rating to an outperform rating and upped their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Argus upgraded shares of The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 price target for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $434.93.

The Goldman Sachs Group Stock Up 0.2 %

Shares of The Goldman Sachs Group stock opened at $404.00 on Tuesday. The company has a market cap of $131.11 billion, a P/E ratio of 15.78, a PEG ratio of 1.29 and a beta of 1.43. The firm has a fifty day moving average of $396.43 and a two-hundred day moving average of $366.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The Goldman Sachs Group has a one year low of $289.36 and a one year high of $419.20.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results 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 net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the company posted $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group will post 35.41 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the sale, the chief financial officer now 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 have sold 35,907 shares of company stock valued at $13,950,851. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of large investors have recently bought and sold shares of the stock. Powell Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% in 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 raised 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 buying an additional 25 shares during the period. Optas LLC lifted its position in The Goldman Sachs Group by 2.4% during the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock worth $448,000 after acquiring an additional 25 shares in the last quarter. WNY Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.6% in the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after acquiring an additional 26 shares during the period. Finally, Albert D Mason Inc. grew its position in The Goldman Sachs Group by 4.3% in the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors 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.