The Goldman Sachs Group (NYSE:GS) Given New $440.00 Price Target at Evercore ISI

The Goldman Sachs Group (NYSE:GS) had its target price upped by stock analysts at Evercore ISI from $435.00 to $440.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the investment management company’s stock. Evercore ISI’s target price would suggest a potential upside of 8.94% from the company’s current price.

A number of other research analysts also recently issued reports on GS. Oppenheimer raised their price target on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research report on Tuesday. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, Bank of America raised their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $403.91 on Tuesday. The firm has a market cap of $131.08 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.56 and a beta of 1.43. 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 has a 1-year low of $289.36 and a 1-year high of $419.20. The firm has a fifty day moving average of $395.67 and a two-hundred day moving average of $365.35.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share 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 net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the business earned $8.79 EPS. As a group, research analysts anticipate that The Goldman Sachs Group will post 32.76 earnings per share for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock valued at $13,950,851 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in The Goldman Sachs Group by 13.7% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after buying an additional 20,018 shares during the last quarter. Trueblood Wealth Management LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $989,000. TBH Global Asset Management LLC grew its holdings in The Goldman Sachs Group by 2.0% in the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 72 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $1,395,000. Institutional investors and hedge funds 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.