UBS Group Boosts The Goldman Sachs Group (NYSE:GS) Price Target to $640.00

The Goldman Sachs Group (NYSE:GS) had its price objective raised by analysts at UBS Group from $610.00 to $640.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the investment management company’s stock. UBS Group’s target price indicates a potential upside of 1.08% from the stock’s current price.

Several other research firms have also recently weighed in on GS. Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley increased their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Price Performance

GS stock opened at $633.14 on Tuesday. The Goldman Sachs Group has a 1 year low of $374.24 and a 1 year high of $635.60. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $198.75 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The business has a 50 day simple moving average of $588.56 and a 200-day simple moving average of $533.05.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.48 EPS. Equities research analysts anticipate that The Goldman Sachs Group will post 46.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,940 shares of company stock worth $12,656,179. Company insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Several institutional investors have recently modified their holdings of GS. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the second quarter worth approximately $26,000. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $30,000. DT Investment Partners LLC raised its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth $34,000. Finally, Country Trust Bank purchased a new position in The Goldman Sachs Group during the 3rd quarter worth $37,000. Hedge funds and other institutional investors 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.