The Goldman Sachs Group (NYSE:GS) Price Target Raised to $433.00 at JPMorgan Chase & Co.

The Goldman Sachs Group (NYSE:GS) had its price objective raised by JPMorgan Chase & Co. from $424.00 to $433.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an overweight rating on the investment management company’s stock.

Other analysts have also issued research reports about the company. Argus raised The Goldman Sachs Group from a hold rating to a buy rating and set a $465.00 target price on the stock in a research report on Tuesday. JMP Securities boosted their target price on 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. Bank of America boosted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a buy rating in a research report on Tuesday. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a market perform rating in a research report on Thursday, January 18th. Finally, Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a buy rating on the stock. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $434.93.

The Goldman Sachs Group Trading Down 0.2 %

Shares of The Goldman Sachs Group stock opened at $403.11 on Tuesday. The stock has a market cap of $130.82 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.54 and a beta of 1.43. The stock’s 50 day simple moving average is $396.03 and its 200-day simple moving average is $365.61. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $419.20. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.79 EPS. Analysts predict that The Goldman Sachs Group will post 32.76 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid 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 2.73%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the transaction, the insider now owns 6,501 shares in the company, valued at $2,469,144.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the transaction, the insider now owns 6,501 shares in the company, valued at $2,469,144.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s 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 completion of the transaction, 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 quarter, insiders sold 35,907 shares of company stock worth $13,950,851. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in shares of The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares during the last quarter. First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $26,000. Pineridge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $29,000. Tributary Capital Management LLC purchased a new position in The Goldman Sachs Group during the first quarter worth about $33,000. Finally, BKM Wealth Management LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $32,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

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.