The Goldman Sachs Group (NYSE:GS) Given New $1,000.00 Price Target at Keefe, Bruyette & Woods

The Goldman Sachs Group (NYSE:GSGet Free Report) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $971.00 to $1,000.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.56% from the company’s previous close.

GS has been the subject of a number of other reports. BNP Paribas Exane lifted their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Barclays increased their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank Of Canada upped their price objective on The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $861.16.

Read Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance

NYSE GS opened at $975.01 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The Goldman Sachs Group has a 1-year low of $439.38 and a 1-year high of $981.26. The business has a 50 day simple moving average of $865.06 and a two-hundred day simple moving average of $790.69. The stock has a market capitalization of $292.43 billion, a PE ratio of 19.81, a P/E/G ratio of 0.99 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Thursday, January 15th. The investment management company reported $14.01 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $2.49. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $13.45 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the company earned $11.95 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts predict that The Goldman Sachs Group will post 47.12 EPS for the current fiscal year.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds have recently bought and sold shares of the business. Capital Advisors Inc. OK increased its stake in The Goldman Sachs Group by 74.3% in the 4th quarter. Capital Advisors Inc. OK now owns 840 shares of the investment management company’s stock worth $738,000 after buying an additional 358 shares during the period. Victory Financial Group LLC grew its stake in The Goldman Sachs Group by 59.7% in the 4th quarter. Victory Financial Group LLC now owns 2,398 shares of the investment management company’s stock worth $2,108,000 after acquiring an additional 896 shares in the last quarter. Pinnacle Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 10.7% during the fourth quarter. Pinnacle Wealth Management LLC now owns 2,518 shares of the investment management company’s stock worth $2,213,000 after acquiring an additional 244 shares during the period. Uncommon Cents Investing LLC raised its stake in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Uncommon Cents Investing LLC now owns 2,435 shares of the investment management company’s stock valued at $2,140,000 after acquiring an additional 25 shares in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $58,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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