The Goldman Sachs Group (NYSE:GS) Price Target Increased to $517.00 by Analysts at Oppenheimer

The Goldman Sachs Group (NYSE:GS) had its price objective increased by equities research analysts at Oppenheimer from $479.00 to $517.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the investment management company’s stock. Oppenheimer’s target price indicates a potential upside of 19.99% from the stock’s previous close.

GS has been the subject of a number of other reports. UBS Group upped their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Bank of America upped their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Finally, Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.04.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $430.87 on Tuesday. The stock has a 50 day moving average of $401.20 and a two-hundred day moving average of $371.75. The Goldman Sachs Group has a 12 month low of $289.36 and a 12 month high of $433.33. The firm has a market cap of $139.83 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion for 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 firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.79 EPS. On average, analysts expect that The Goldman Sachs Group will post 35.86 earnings per share for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s 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 transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction 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 sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s 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 directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GS. Hexagon Capital Partners LLC grew its position in shares of The Goldman Sachs Group by 6.7% during the third quarter. Hexagon Capital Partners LLC now owns 797 shares of the investment management company’s stock worth $258,000 after acquiring an additional 50 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in The Goldman Sachs Group by 3.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 279,346 shares of the investment management company’s stock valued at $90,388,000 after purchasing an additional 8,270 shares during the period. Wells Trecaso Financial Group LLC raised its holdings in shares of The Goldman Sachs Group by 1.4% in the third quarter. Wells Trecaso Financial Group LLC now owns 20,669 shares of the investment management company’s stock valued at $6,688,000 after buying an additional 295 shares during the last quarter. Raymond James & Associates boosted its stake in shares of The Goldman Sachs Group by 42.1% during the third quarter. Raymond James & Associates now owns 431,351 shares of the investment management company’s stock worth $139,572,000 after buying an additional 127,805 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of The Goldman Sachs Group by 5.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 113,323 shares of the investment management company’s stock worth $36,668,000 after buying an additional 5,670 shares during the last quarter. Institutional investors and hedge funds 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.