Goldman Sachs (NYSE:GS) had its target price lifted by equities research analysts at Credit Suisse Group from $274.00 to $280.00 in a report released on Wednesday. The firm currently has a “neutral” rating on the investment management company’s stock. Credit Suisse Group’s price objective points to a potential upside of 10.16% from the stock’s previous close.
GS has been the subject of several other research reports. Instinet reaffirmed an “outperform” rating and set a $225.00 price objective (down previously from $238.00) on shares of Goldman Sachs in a research note on Thursday, January 4th. Wells Fargo set a $330.00 price objective on shares of Goldman Sachs and gave the company an “outperform” rating in a research note on Thursday, March 22nd. Vining Sparks reissued a “hold” rating and issued a $270.00 price target on shares of Goldman Sachs in a research note on Monday, January 8th. Barclays boosted their price target on shares of Goldman Sachs from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Goldman Sachs to $265.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $266.29.
Shares of NYSE:GS opened at $254.17 on Wednesday. The company has a market cap of $96,491.30, a P/E ratio of 12.86, a PEG ratio of 1.01 and a beta of 1.37. Goldman Sachs has a 12 month low of $209.62 and a 12 month high of $275.31. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.92 and a quick ratio of 0.93.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, beating the consensus estimate of $5.58 by $1.37. The company had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Goldman Sachs had a net margin of 14.27% and a return on equity of 12.10%. Goldman Sachs’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.15 earnings per share. equities research analysts anticipate that Goldman Sachs will post 22.1 earnings per share for the current year.
In other news, EVP John F.W. Rogers sold 4,400 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $268.73, for a total transaction of $3,178,807.17. The disclosure for this sale can be found here. Insiders sold a total of 66,048 shares of company stock valued at $17,668,347 in the last ninety days. 2.57% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new stake in shares of Goldman Sachs in the 4th quarter valued at $113,000. Cerebellum GP LLC purchased a new stake in shares of Goldman Sachs in the 4th quarter valued at $122,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Goldman Sachs in the 4th quarter valued at $127,000. We Are One Seven LLC purchased a new stake in shares of Goldman Sachs in the 4th quarter valued at $137,000. Finally, Waldron LP purchased a new stake in shares of Goldman Sachs in the 4th quarter valued at $203,000. 73.21% of the stock is owned by institutional investors.
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About Goldman Sachs
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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