The Goldman Sachs Group (NYSE:GS) Price Target Raised to $520.00 at Keefe, Bruyette & Woods

The Goldman Sachs Group (NYSE:GS) had its price target hoisted by Keefe, Bruyette & Woods from $485.00 to $520.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the investment management company’s stock.

GS has been the subject of a number of other reports. JMP Securities increased their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an outperform rating in a report on Tuesday, April 30th. Argus upgraded 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, April 16th. Citigroup increased their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a sector perform rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $443.78.

The Goldman Sachs Group Stock Down 2.2 %

The Goldman Sachs Group stock opened at $445.91 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $143.79 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. The business has a 50 day simple moving average of $448.04 and a 200-day simple moving average of $409.43. The Goldman Sachs Group has a 12 month low of $289.36 and a 12 month high of $471.48.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $8.79 EPS. On average, analysts anticipate that The Goldman Sachs Group will post 36.63 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jacobi Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 1.5% in the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in The Goldman Sachs Group by 1.3% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,866 shares of the investment management company’s stock valued at $779,000 after buying an additional 24 shares in the last quarter. Powell Investment Advisors LLC lifted its stake 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 buying an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock worth $944,000 after acquiring an additional 25 shares in the last quarter. Finally, Optas LLC raised its holdings in shares of The Goldman Sachs Group by 2.4% during the first quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock valued at $448,000 after acquiring an additional 25 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

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.