Wells Fargo & Company Increases The Goldman Sachs Group (NYSE:GS) Price Target to $720.00

The Goldman Sachs Group (NYSE:GS) had its price objective raised by stock analysts at Wells Fargo & Company from $680.00 to $720.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the investment management company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 12.01% from the company’s current price.

GS has been the topic of a number of other research reports. Morgan Stanley boosted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup boosted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

The Goldman Sachs Group Price Performance

GS opened at $642.81 on Wednesday. The business’s 50-day moving average is $610.78 and its two-hundred day moving average is $556.55. The Goldman Sachs Group has a 1 year low of $381.26 and a 1 year high of $672.19. 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 $200.58 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last posted 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Research analysts anticipate that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is owned by company insiders.

Institutional Trading of The Goldman Sachs Group

A number of institutional investors and hedge funds have recently made changes to their positions in GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. DT Investment Partners LLC increased its position in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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.