The Goldman Sachs Group (NYSE:GS) PT Raised to $432.00 at BMO Capital Markets

The Goldman Sachs Group (NYSE:GS) had its target price increased by equities research analysts at BMO Capital Markets from $409.00 to $432.00 in a report issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the investment management company’s stock. BMO Capital Markets’ target price points to a potential upside of 27.60% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Credit Suisse Group upped their target price on The Goldman Sachs Group from $395.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada increased their price target on The Goldman Sachs Group from $319.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Thursday. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $360.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday. Piper Sandler increased their price target on The Goldman Sachs Group from $365.00 to $385.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup increased their price target on The Goldman Sachs Group from $357.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $345.32.

The Goldman Sachs Group stock opened at $338.55 on Friday. The Goldman Sachs Group has a 12 month low of $165.36 and a 12 month high of $356.85. The stock’s 50 day moving average is $332.71 and its 200-day moving average is $269.12. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $117.07 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.65 and a beta of 1.50.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, April 13th. The investment management company reported $18.60 EPS for the quarter, beating the consensus estimate of $10.22 by $8.38. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The company had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $11.74 billion. During the same quarter in the prior year, the business earned $3.11 earnings per share. The firm’s revenue for the quarter was up 102.4% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group will post 26.26 earnings per share for the current fiscal year.

In other news, insider Laurence Stein sold 10,748 shares of the stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $277.93, for a total value of $2,987,191.64. Also, EVP John F.W. Rogers sold 10,000 shares of the stock in a transaction on Friday, February 19th. The shares were sold at an average price of $313.25, for a total value of $3,132,500.00. Insiders sold a total of 40,748 shares of company stock valued at $12,371,892 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $25,000. Danda Trouve Investment Management Inc. bought a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. RMR Wealth Builders bought a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. IronBridge Private Wealth LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Finally, Annapolis Financial Services LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $27,000. 68.05% of the stock is owned by institutional investors and hedge funds.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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